Vanguard Group Inc. Has $918.97 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Vanguard Group Inc. lessened its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,392,941 shares of the insurance provider's stock after selling 437,827 shares during the period. Vanguard Group Inc. owned about 10.01% of Old Republic International worth $918,971,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in Old Republic International by 9.4% during the fourth quarter. LPL Financial LLC now owns 285,770 shares of the insurance provider's stock worth $10,342,000 after purchasing an additional 24,573 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Old Republic International during the fourth quarter worth $2,609,000. Hillsdale Investment Management Inc. bought a new position in shares of Old Republic International in the 4th quarter worth about $774,000. Millstone Evans Group LLC acquired a new position in shares of Old Republic International in the 4th quarter valued at about $41,000. Finally, Teacher Retirement System of Texas grew its position in shares of Old Republic International by 18.6% during the 4th quarter. Teacher Retirement System of Texas now owns 176,627 shares of the insurance provider's stock valued at $6,392,000 after buying an additional 27,733 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Insiders Place Their Bets

In other 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 transaction of $333,983.80. Following the completion of the sale, the senior vice president now directly owns 33,556 shares of the company's stock, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the vice president now owns 46,556 shares in the company, valued at $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,039 shares of company stock worth $1,580,733. 1.00% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on ORI. 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 raised their price target on Old Republic International from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Tuesday.

Old Republic International Stock Performance

Old Republic International stock traded up $0.33 during midday trading on Tuesday, reaching $39.55. 449,899 shares of the stock traded hands, compared to its average volume of 1,214,683. The firm has a fifty day moving average price of $37.10 and a two-hundred day moving average price of $36.47. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.84. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 15.04 and a beta of 0.83. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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%. On average, 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 issued a dividend of $0.29 per share. This is a positive change 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 2.93%. The ex-dividend date was Monday, March 10th. Old Republic International's payout ratio is presently 44.11%.

Old Republic International Company 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.