M&T Bank Corp Has $34.34 Million Position in Old Republic International Co. (NYSE:ORI)

M&T Bank Corp boosted its position in Old Republic International Co. (NYSE:ORI) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,168,026 shares of the insurance provider’s stock after acquiring an additional 11,826 shares during the quarter. M&T Bank Corp owned 0.42% of Old Republic International worth $34,339,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. UBS Group AG raised its holdings in shares of Old Republic International by 1,208.9% during the 3rd quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider’s stock worth $40,715,000 after buying an additional 1,395,849 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Old Republic International by 174.1% during the 4th quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider’s stock valued at $40,590,000 after purchasing an additional 876,872 shares during the last quarter. Invesco Ltd. increased its position in Old Republic International by 55.2% during the 3rd quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock worth $60,966,000 after purchasing an additional 804,803 shares in the last quarter. Boston Financial Mangement LLC increased its position in Old Republic International by 701.3% during the 3rd quarter. Boston Financial Mangement LLC now owns 777,128 shares of the insurance provider’s stock worth $20,936,000 after purchasing an additional 680,146 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Old Republic International by 669.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 602,842 shares of the insurance provider’s stock valued at $16,241,000 after purchasing an additional 524,502 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Trading Down 0.1 %

NYSE:ORI traded down $0.02 during trading hours on Friday, hitting $30.62. 1,388,533 shares of the company were exchanged, compared to its average volume of 2,031,370. The company has a fifty day simple moving average of $29.76 and a 200 day simple moving average of $29.01. Old Republic International Co. has a one year low of $24.17 and a one year high of $31.22. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 11.91 and a beta of 0.81. The company has a current ratio of 1.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a $0.265 dividend. The ex-dividend date was Friday, March 8th. This is a boost from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 3.46%. Old Republic International’s dividend payout ratio is presently 41.25%.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 3,377 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total value of $101,445.08. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,008,022.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Carolyn Monroe sold 3,377 shares of Old Republic International stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total value of $101,445.08. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,008,022.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Therace Risch bought 6,086 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the transaction, the director now owns 6,086 shares in the company, valued at $181,180.22. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ORI. Piper Sandler upped their price target on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 26th.

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.