Old Republic International Co. (NYSE:ORI) Stock Holdings Lessened by DDD Partners LLC

DDD Partners LLC trimmed its position in shares of Old Republic International Co. (NYSE:ORI) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 817,016 shares of the insurance provider’s stock after selling 4,292 shares during the period. Old Republic International makes up approximately 3.2% of DDD Partners LLC’s holdings, making the stock its 8th biggest holding. DDD Partners LLC owned approximately 0.29% of Old Republic International worth $24,020,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nordea Investment Management AB raised its holdings in shares of Old Republic International by 12.7% during the 4th quarter. Nordea Investment Management AB now owns 436,420 shares of the insurance provider’s stock worth $12,826,000 after acquiring an additional 49,329 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in Old Republic International by 92.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 93,599 shares of the insurance provider’s stock valued at $2,522,000 after buying an additional 44,895 shares during the period. Etesian Wealth Advisors Inc. raised its holdings in Old Republic International by 1.7% during the 4th quarter. Etesian Wealth Advisors Inc. now owns 49,520 shares of the insurance provider’s stock valued at $1,458,000 after buying an additional 808 shares during the period. Credit Suisse AG raised its holdings in Old Republic International by 9.8% during the 2nd quarter. Credit Suisse AG now owns 460,375 shares of the insurance provider’s stock valued at $11,588,000 after buying an additional 41,179 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in Old Republic International by 46.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 434,567 shares of the insurance provider’s stock valued at $11,707,000 after buying an additional 138,137 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Barbara Adachi purchased 1,925 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were acquired at an average price of $28.60 per share, with a total value of $55,055.00. Following the transaction, the director now owns 7,845 shares of the company’s stock, valued at $224,367. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total transaction of $180,890.88. Following the transaction, the senior vice president now owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara Adachi purchased 1,925 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were purchased at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the transaction, the director now directly owns 7,845 shares in the company, valued at approximately $224,367. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ORI shares. StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Piper Sandler upgraded Old Republic International from a “neutral” rating to an “overweight” rating and set a $32.00 price target on the stock in a report on Monday, February 12th.

Old Republic International Stock Performance

ORI stock opened at $30.55 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $28.91 and its two-hundred day simple moving average is $28.47. Old Republic International Co. has a twelve month low of $24.03 and a twelve month high of $30.60. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 14.55 and a beta of 0.81.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Analysts predict that Old Republic International Co. will post 2.7 earnings per share for the current year.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were paid a $0.265 dividend. This is a positive change from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.06 dividend on an annualized basis and a yield of 3.47%. Old Republic International’s dividend payout ratio (DPR) is presently 50.48%.

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.