4,725 Shares in Old Republic International Co. (NYSE:ORI) Bought by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC acquired a new position in shares of Old Republic International Co. (NYSE:ORI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,725 shares of the insurance provider’s stock, valued at approximately $139,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Old Republic International in the 4th quarter valued at about $89,446,000. California Public Employees Retirement System grew its position in shares of Old Republic International by 174.1% in 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 buying an additional 876,872 shares during the last quarter. Invesco Ltd. grew its position in shares of Old Republic International by 55.2% in the 3rd quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock valued at $60,966,000 after buying an additional 804,803 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of 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 buying an additional 524,502 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Old Republic International by 3,068.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 488,434 shares of the insurance provider’s stock valued at $14,360,000 after purchasing an additional 473,020 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Transactions at Old Republic International

In other news, VP Thomas Dare sold 1,292 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $30.95, for a total value of $39,987.40. Following the completion of the transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at $1,478,295.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Thomas Dare sold 1,292 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $30.95, for a total value of $39,987.40. Following the completion of the transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at $1,478,295.80. 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 Old Republic International stock in a transaction dated Tuesday, April 30th. The stock was acquired at an average cost of $29.77 per share, with a total value of $181,180.22. Following the completion of the acquisition, the director now owns 6,086 shares of the company’s stock, valued at $181,180.22. The disclosure for this purchase can be found here. Insiders sold a total of 9,172 shares of company stock valued at $282,286 over the last ninety days. 0.78% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on ORI shares. Piper Sandler upped their target price on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research 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 Stock Up 1.0 %

ORI stock opened at $29.96 on Tuesday. The stock’s 50 day simple moving average is $30.60 and its 200 day simple moving average is $29.71. Old Republic International Co. has a fifty-two week low of $24.17 and a fifty-two week high of $32.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $8.14 billion, a P/E ratio of 11.66 and a beta of 0.83.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. On average, research analysts expect that Old Republic International Co. will post 2.73 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Tuesday, June 4th. Old Republic International’s dividend payout ratio (DPR) is presently 41.25%.

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.