Quantessence Capital LLC Purchases New Stake in Old Republic International Co. (NYSE:ORI)

Quantessence Capital LLC acquired a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,189 shares of the insurance provider's stock, valued at approximately $333,000.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in shares of Old Republic International by 1.6% during the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock valued at $683,000 after acquiring an additional 290 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Old Republic International by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock valued at $677,000 after purchasing an additional 295 shares during the last quarter. Ironwood Investment Management LLC grew its stake in shares of Old Republic International by 1.3% in the 4th quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock valued at $850,000 after buying an additional 301 shares during the period. Atomi Financial Group Inc. increased its holdings in shares of Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after buying an additional 302 shares during the last quarter. Finally, Berry Wealth Group LP raised its position in shares of Old Republic International by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock valued at $226,000 after buying an additional 310 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Price Performance

Old Republic International stock opened at $37.99 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 14.44 and a beta of 0.68. The company's 50 day simple moving average is $37.44 and its 200-day simple moving average is $36.70. Old Republic International Co. has a 1 year low of $28.65 and a 1 year high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly 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 return on equity of 20.32% and a net margin of 10.36%. As a group, equities research analysts expect 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 issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.05%. This is a boost from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. Old Republic International's dividend payout ratio (DPR) is 44.11%.

Analyst Ratings Changes

Several brokerages recently weighed in on ORI. Piper Sandler increased their price objective on Old Republic International from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. StockNews.com cut Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Insiders Place Their Bets

In other news, VP Thomas Dare sold 27,457 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the sale, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company's stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock worth $1,580,733 over the last three months. Company insiders own 1.10% of the company's stock.

Old Republic International Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.