O Shaughnessy Asset Management LLC Sells 6,388 Shares of Old Republic International Co. (NYSE:ORI)

O Shaughnessy Asset Management LLC decreased its holdings in Old Republic International Co. (NYSE:ORI) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 176,106 shares of the insurance provider’s stock after selling 6,388 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.07% of Old Republic International worth $6,373,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in Old Republic International by 5.9% during the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after purchasing an additional 6,664 shares during the period. Atomi Financial Group Inc. boosted its stake in shares of Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after buying an additional 302 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Old Republic International by 37.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock worth $2,595,000 after acquiring an additional 19,400 shares during the period. Orca Wealth Management LLC purchased a new stake in Old Republic International during the fourth quarter valued at $5,209,000. Finally, JPMorgan Chase & Co. lifted its holdings in Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after acquiring an additional 42,934 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Activity at Old Republic International

In other news, CEO Craig R. Smiddy sold 5,296 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the transaction, the chief executive officer now directly owns 138,222 shares in the company, valued at $5,335,369.20. The trade was a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the transaction, the vice president now directly owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. This trade represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,039 shares of company stock worth $1,580,733. 1.00% of the stock is owned by corporate insiders.

Old Republic International Price Performance

NYSE ORI opened at $39.64 on Wednesday. The business’s fifty day moving average is $37.17 and its 200 day moving average is $36.50. Old Republic International Co. has a fifty-two week low of $28.59 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 company has a market capitalization of $9.84 billion, a PE ratio of 15.07 and a beta of 0.83.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) 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%. Sell-side analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.93%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. Old Republic International’s dividend payout ratio (DPR) is presently 44.11%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ORI. StockNews.com downgraded Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Piper Sandler upped their target price on shares of Old Republic International from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday.

About Old Republic International

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.