Old Republic International Co. (NYSE:ORI) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. decreased its position in shares of Old Republic International Co. (NYSE:ORI) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,972 shares of the insurance provider’s stock after selling 1,726 shares during the period. Cozad Asset Management Inc.’s holdings in Old Republic International were worth $2,675,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ORI. Paradiem LLC boosted its position in shares of Old Republic International by 33.7% during the 4th quarter. Paradiem LLC now owns 266,352 shares of the insurance provider’s stock valued at $7,831,000 after purchasing an additional 67,104 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Old Republic International by 26.9% during the fourth quarter. Russell Investments Group Ltd. now owns 151,285 shares of the insurance provider’s stock valued at $4,448,000 after purchasing an additional 32,086 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in Old Republic International during the fourth quarter worth approximately $307,000. Headlands Technologies LLC acquired a new position in Old Republic International in the fourth quarter worth approximately $74,000. Finally, Alaska Permanent Fund Corp increased its holdings in shares of Old Republic International by 9.2% in the fourth quarter. Alaska Permanent Fund Corp now owns 436,716 shares of the insurance provider’s stock valued at $12,839,000 after buying an additional 36,754 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Old Republic International

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

Old Republic International Stock Performance

Old Republic International stock opened at $29.86 on Wednesday. Old Republic International Co. has a fifty-two week low of $24.17 and a fifty-two week high of $31.22. The firm’s 50 day simple moving average is $29.64 and its 200-day simple moving average is $28.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 0.25. The company has a market cap of $8.23 billion, a P/E ratio of 11.62 and a beta of 0.81.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.55%. This is a boost from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. Old Republic International’s payout ratio is presently 41.25%.

Analysts Set New Price Targets

ORI has been the subject of several research reports. Piper Sandler raised their price objective on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

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.