Old Republic International Co. (NYSE:ORI) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,272 shares of the insurance provider's stock after selling 7,588 shares during the period. Sei Investments Co.'s holdings in Old Republic International were worth $3,267,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake 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 valued at $683,000 after acquiring an additional 290 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of 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 in the last quarter. Ironwood Investment Management LLC boosted its stake in shares of Old Republic International by 1.3% during 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 last quarter. Atomi Financial Group Inc. boosted its stake 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 valued at $279,000 after buying an additional 302 shares during the last quarter. Finally, Berry Wealth Group LP grew its position in shares of Old Republic International by 5.2% during the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock worth $226,000 after buying an additional 310 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the firm'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 sale, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now directly 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 disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock valued at $1,580,733 over the last quarter. Insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Old Republic International Stock Performance

Shares of ORI traded up $0.03 during mid-day trading on Tuesday, hitting $35.28. The stock had a trading volume of 1,798,310 shares, compared to its average volume of 1,286,795. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.84. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The company has a market cap of $8.72 billion, a PE ratio of 13.41 and a beta of 0.68. The company's fifty day simple moving average is $37.21 and its two-hundred day simple moving average is $36.56.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a dividend of $0.29 per share. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.29%. Old Republic International's dividend payout ratio is 44.11%.

About Old Republic International

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.