Ontario Teachers Pension Plan Board bought a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,219 shares of the insurance provider's stock, valued at approximately $587,000.
A number of other large investors have also recently made changes to their positions in ORI. Wilmington Savings Fund Society FSB bought a new stake in Old Republic International during the 3rd quarter valued at about $28,000. Fairway Wealth LLC purchased a new stake in shares of Old Republic International in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new position in Old Republic International in the fourth quarter worth approximately $34,000. Core Alternative Capital purchased a new position in Old Republic International during the 4th quarter worth $36,000. Finally, Synergy Asset Management LLC bought a new stake in Old Republic International during the 4th quarter valued at $39,000. 70.92% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Old Republic International
In related news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now directly owns 138,222 shares in the company, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey Lange sold 1,098 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the transaction, the senior vice president now directly owns 34,679 shares of the company's stock, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock worth $1,580,733 over the last three months. Corporate insiders own 1.10% of the company's stock.
Old Republic International Stock Up 2.5 %
NYSE ORI traded up $0.93 during midday trading on Tuesday, hitting $37.63. 78,037 shares of the company traded hands, compared to its average volume of 1,253,560. The company has a market cap of $9.30 billion, a PE ratio of 14.32 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. Old Republic International Co. has a 52 week low of $28.65 and a 52 week high of $39.84. The company's 50-day simple moving average is $37.41 and its 200-day simple moving average is $36.69.
Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, equities research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.
Old Republic International Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.29 per share. This is a boost from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.08%. Old Republic International's dividend payout ratio is presently 44.11%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on ORI shares. Piper Sandler raised their price target on Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. StockNews.com lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Read Our Latest Research Report on Old Republic International
About Old Republic International
(
Free Report)
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.
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