International Assets Investment Management LLC Grows Stock Holdings in Old Republic International Co. (NYSE:ORI)

International Assets Investment Management LLC lifted its position in shares of Old Republic International Co. (NYSE:ORI) by 2,849.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,428 shares of the insurance provider’s stock after buying an additional 120,210 shares during the quarter. International Assets Investment Management LLC’s holdings in Old Republic International were worth $3,658,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Nordea Investment Management AB increased its holdings in shares of Old Republic International by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 436,420 shares of the insurance provider’s stock worth $12,826,000 after buying an additional 49,329 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Old Republic International by 92.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 93,599 shares of the insurance provider’s stock worth $2,522,000 after buying an additional 44,895 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Old Republic International in the 4th quarter worth about $3,270,000. Etesian Wealth Advisors Inc. increased its holdings in shares of Old Republic International by 1.7% in the 4th quarter. Etesian Wealth Advisors Inc. now owns 49,520 shares of the insurance provider’s stock worth $1,458,000 after buying an additional 808 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of Old Republic International by 46.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 434,567 shares of the insurance provider’s stock worth $11,707,000 after buying an additional 138,137 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Transactions at Old Republic International

In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the acquisition, the director now directly owns 7,845 shares in the company, valued at approximately $224,367. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of Old Republic International stock in a transaction that occurred on Friday, February 16th. The stock was bought at an average price of $28.60 per share, with a total value of $55,055.00. Following the completion of the purchase, the director now directly owns 7,845 shares of the company’s stock, valued at approximately $224,367. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $27.71, for a total value of $180,890.88. Following the sale, the senior vice president now owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

Old Republic International Price Performance

Shares of ORI stock opened at $28.64 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $7.89 billion, a P/E ratio of 13.64 and a beta of 0.81. The company’s 50-day simple moving average is $29.34 and its two-hundred day simple moving average is $28.75. Old Republic International Co. has a one year low of $24.03 and a one year high of $31.22.

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

Old Republic International Increases Dividend

The business 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 an increase from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Friday, March 8th. Old Republic International’s dividend payout ratio is currently 50.48%.

Analysts Set New Price Targets

Several equities analysts recently commented on ORI shares. StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Piper Sandler upped their price target on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 1st.

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.