Transce3nd LLC Acquires New Shares in Old Republic International Co. (NYSE:ORI)

Transce3nd LLC bought a new position in Old Republic International Co. (NYSE:ORI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,127 shares of the insurance provider’s stock, valued at approximately $41,000.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of Old Republic International in the third quarter valued at approximately $28,000. Fairway Wealth LLC bought a new position in Old Republic International in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. bought a new position in Old Republic International in the 4th quarter valued at $34,000. Core Alternative Capital purchased a new position in shares of Old Republic International during the 4th quarter valued at $36,000. Finally, Synergy Asset Management LLC bought a new position in shares of Old Republic International in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Old Republic International stock opened at $37.99 on Wednesday. Old Republic International Co. has a fifty-two week low of $28.65 and a fifty-two week high of $39.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The stock has a market cap of $9.39 billion, a P/E ratio of 14.44 and a beta of 0.68. The firm’s fifty day moving average price is $37.44 and its 200-day moving average price is $36.70.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating 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 expect that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.05%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio is currently 44.11%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the sale, the chief executive officer now directly owns 138,222 shares in the company, valued at $5,335,369.20. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the transaction, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,039 shares of company stock worth $1,580,733 over the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ORI has been the subject of several recent analyst reports. Piper Sandler boosted their target price on Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

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.