Old Republic International Co. (NYSE:ORI) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in Old Republic International Co. (NYSE:ORIFree Report) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 447,451 shares of the insurance provider’s stock after selling 2,570 shares during the period. US Bancorp DE’s holdings in Old Republic International were worth $13,155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new stake in Old Republic International in the fourth quarter valued at $29,000. Naples Money Management LLC acquired a new stake in Old Republic International in the fourth quarter valued at $34,000. GAMMA Investing LLC acquired a new stake in Old Republic International in the fourth quarter valued at $34,000. Global Retirement Partners LLC increased its position in shares of Old Republic International by 526.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 1,110 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Old Republic International by 62.7% during the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 526 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Old Republic International

In related news, Director Therace Risch purchased 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the transaction, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Old Republic International news, SVP Carolyn Monroe sold 3,377 shares of Old Republic International stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total value of $101,445.08. Following the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,008,022.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Therace Risch acquired 6,086 shares of the stock in a transaction on Tuesday, April 30th. The stock was acquired at an average cost of $29.77 per share, for a total transaction of $181,180.22. Following the acquisition, the director now directly owns 6,086 shares in the company, valued at approximately $181,180.22. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on ORI. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler lifted their target price on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st.

Read Our Latest Research Report on ORI

Old Republic International Stock Up 0.6 %

ORI opened at $31.50 on Monday. The business’s 50-day simple moving average is $30.46 and its 200-day simple moving average is $29.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27. Old Republic International Co. has a one year low of $24.17 and a one year high of $32.26. The stock has a market capitalization of $8.56 billion, a P/E ratio of 12.26 and a beta of 0.81.

Old Republic International (NYSE:ORIGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. Analysts anticipate that Old Republic International Co. will post 2.73 EPS for the current year.

Old Republic International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, June 4th will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.37%. The ex-dividend date is Monday, June 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 41.25%.

About Old Republic International

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding ORI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Republic International Co. (NYSE:ORIFree Report).

Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.