Old Republic International Co. (NYSE:ORI) Shares Sold by DDD Partners LLC

DDD Partners LLC trimmed its stake in shares of Old Republic International Co. (NYSE:ORI) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 817,016 shares of the insurance provider’s stock after selling 4,292 shares during the quarter. Old Republic International comprises 3.2% of DDD Partners LLC’s investment portfolio, making the stock its 8th biggest holding. DDD Partners LLC’s holdings in Old Republic International were worth $24,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ORI. BlackRock Inc. lifted its holdings in shares of Old Republic International by 0.4% in the 1st quarter. BlackRock Inc. now owns 34,182,677 shares of the insurance provider’s stock valued at $853,541,000 after buying an additional 134,872 shares during the period. State Street Corp raised its holdings in Old Republic International by 6.6% during the third quarter. State Street Corp now owns 25,907,464 shares of the insurance provider’s stock worth $542,243,000 after purchasing an additional 1,601,571 shares during the last quarter. Geode Capital Management LLC raised its holdings in Old Republic International by 2.3% during the second quarter. Geode Capital Management LLC now owns 5,434,304 shares of the insurance provider’s stock worth $137,452,000 after purchasing an additional 122,318 shares during the last quarter. Invesco Ltd. raised its holdings in Old Republic International by 32.9% during the first quarter. Invesco Ltd. now owns 3,741,155 shares of the insurance provider’s stock worth $96,782,000 after purchasing an additional 926,871 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Old Republic International by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,340,821 shares of the insurance provider’s stock worth $86,427,000 after purchasing an additional 465,842 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of the stock in a transaction dated Friday, February 16th. The stock was acquired at an average price of $28.60 per share, with a total value of $55,055.00. Following the completion of the transaction, the director now directly owns 7,845 shares in the company, valued at $224,367. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Barbara Adachi purchased 1,925 shares of the stock in a transaction on Friday, February 16th. The stock was purchased at an average price 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 in the company, valued at $224,367. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 6,528 shares of the business’s stock in a transaction dated 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 directly owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

Old Republic International stock opened at $30.55 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a fifty day moving average of $28.91 and a two-hundred day moving average of $28.47. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 14.55 and a beta of 0.81. Old Republic International Co. has a fifty-two week low of $24.03 and a fifty-two week high of $30.60.

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

Old Republic International Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com cut Old Republic International from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Piper Sandler raised Old Republic International from a “neutral” rating to an “overweight” rating and set a $32.00 price objective for the company in a report on Monday, February 12th.

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.