World Investment Advisors Sells 8,174 Shares of Old Republic International Co. (NYSE:ORI)

World Investment Advisors reduced its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 54.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,821 shares of the insurance provider's stock after selling 8,174 shares during the quarter. World Investment Advisors' holdings in Old Republic International were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC increased its position in Old Republic International by 1.6% in 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 raised its position in shares of Old Republic International by 1.6% during 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 in the last quarter. Ironwood Investment Management LLC lifted its holdings in shares of 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 valued at $850,000 after acquiring an additional 301 shares during the last quarter. Atomi Financial Group Inc. grew its position 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 acquiring an additional 302 shares in the last quarter. Finally, Berry Wealth Group LP increased its stake in 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 acquiring an additional 310 shares during the last quarter. Institutional investors own 70.92% of the company's stock.

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Old Republic International Trading Up 0.8 %

NYSE ORI traded up $0.32 during trading on Tuesday, hitting $37.96. The stock had a trading volume of 131,023 shares, compared to its average volume of 1,274,823. Old Republic International Co. has a one year low of $28.59 and a one year high of $39.84. The stock has a 50 day simple moving average of $37.28 and a 200 day simple moving average of $36.61. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 14.43 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings results 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%. Sell-side analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.06%. 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 (DPR) is currently 44.11%.

Insider Activity at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now owns 34,679 shares of the company's stock, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the transaction, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. This represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,039 shares of company stock worth $1,580,733 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ORI has been the subject of a number of recent research reports. StockNews.com cut Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Piper Sandler boosted 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 report on Tuesday, April 1st.

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.