Wells Fargo & Company MN Sells 9,414 Shares of Old Republic International Co. (NYSE:ORI)

Wells Fargo & Company MN decreased its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 112,629 shares of the insurance provider's stock after selling 9,414 shares during the quarter. Wells Fargo & Company MN's holdings in Old Republic International were worth $4,076,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of ORI. Wilmington Savings Fund Society FSB bought a new position in shares of Old Republic International during the 3rd quarter worth about $28,000. Fairway Wealth LLC bought a new position in Old Republic International in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in Old Republic International in the fourth quarter valued at approximately $34,000. Core Alternative Capital acquired a new position in shares of Old Republic International during the fourth quarter worth approximately $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International during the fourth quarter worth approximately $39,000. Institutional investors own 70.92% of the company's stock.

Insider Activity

In related news, SVP Jeffrey Lange sold 1,098 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the sale, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now owns 33,556 shares of the company's stock, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock valued at $1,580,733 in the last ninety days. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Old Republic International Stock Down 3.0 %

Shares of ORI stock traded down $1.16 on Friday, hitting $37.26. The stock had a trading volume of 622,639 shares, compared to its average volume of 1,243,152. Old Republic International Co. has a 12-month low of $28.65 and a 12-month high of $39.84. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 14.17 and a beta of 0.68. The business has a 50 day moving average of $37.51 and a 200 day moving average of $36.73. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28.

Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. As a group, analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Monday, March 10th. This is an increase from Old Republic International's previous quarterly dividend of $0.27. 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.