Rodgers Brothers Inc. Grows Stake in Old Republic International Co. (NYSE:ORI)

Rodgers Brothers Inc. raised its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 115.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,300 shares of the insurance provider's stock after buying an additional 85,950 shares during the period. Rodgers Brothers Inc. owned about 0.06% of Old Republic International worth $5,801,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC grew its position in Old Republic International by 11.4% during the 3rd quarter. Cerity Partners LLC now owns 14,052 shares of the insurance provider's stock worth $498,000 after acquiring an additional 1,434 shares during the last quarter. Bank of Montreal Can grew its holdings in Old Republic International by 36.1% in the 3rd quarter. Bank of Montreal Can now owns 63,083 shares of the insurance provider's stock worth $2,232,000 after acquiring an additional 16,744 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Old Republic International by 138.6% in the third quarter. BNP Paribas Financial Markets now owns 40,403 shares of the insurance provider's stock valued at $1,431,000 after acquiring an additional 23,471 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Old Republic International by 1.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,701 shares of the insurance provider's stock valued at $2,185,000 after purchasing an additional 968 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in Old Republic International during the 3rd quarter valued at approximately $378,000. 70.92% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

ORI has been the topic of several recent analyst reports. Piper Sandler lifted their price target on shares of Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday. StockNews.com downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of Old Republic International 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 completion of the sale, the vice president now owns 46,556 shares of the company's stock, valued at approximately $1,699,294. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the sale, the senior vice president now 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. In the last ninety days, insiders sold 43,039 shares of company stock worth $1,580,733. 1.00% of the stock is owned by corporate insiders.

Old Republic International Stock Down 6.7 %

Shares of NYSE ORI traded down $2.63 during mid-day trading on Friday, hitting $36.74. 712,207 shares of the stock traded hands, compared to its average volume of 1,276,701. The stock has a fifty day moving average price of $37.31 and a 200-day moving average price of $36.55. 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 cap of $9.12 billion, a price-to-earnings ratio of 13.94 and a beta of 0.83. Old Republic International Co. has a 52 week low of $28.59 and a 52 week high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Research analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently disclosed 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 represents a $1.16 annualized dividend and a yield of 3.16%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International's dividend payout ratio is 44.11%.

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.