31,480 Shares in Old Republic International Co. (NYSE:ORI) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new position in Old Republic International Co. (NYSE:ORI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,480 shares of the insurance provider's stock, valued at approximately $1,139,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORI. Parallel Advisors LLC lifted its position in shares of Old Republic International by 1.6% during the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock worth $683,000 after purchasing an additional 290 shares during the last quarter. Venturi Wealth Management LLC boosted its position 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 buying an additional 295 shares during the period. Ironwood Investment Management LLC grew its stake in 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 worth $850,000 after acquiring an additional 301 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after purchasing an additional 302 shares in the last quarter. Finally, Berry Wealth Group LP increased its holdings in 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 worth $226,000 after purchasing an additional 310 shares during the period. 70.92% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

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

Old Republic International Stock Up 0.7 %

Shares of Old Republic International stock traded up $0.28 on Tuesday, reaching $37.92. The stock had a trading volume of 476,735 shares, compared to its average volume of 1,276,388. The company has a 50 day moving average price of $37.28 and a 200 day moving average price of $36.61. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 1 year low of $28.59 and a 1 year high of $39.84. The stock has a market capitalization of $9.37 billion, a P/E ratio of 14.42 and a beta of 0.68.

Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 forecast that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.06%. Old Republic International's dividend payout ratio (DPR) is 44.11%.

Insider Buying and Selling

In related news, VP Thomas Dare sold 27,457 shares of the company's stock in a transaction that occurred 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 owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction of $204,425.60. Following the transaction, the chief executive officer now directly owns 138,222 shares of the company's stock, valued at $5,335,369.20. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,039 shares of company stock worth $1,580,733 in the last three months. Corporate insiders own 1.00% 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.