Nomura Holdings Inc. Acquires Shares of 30,953 Old Republic International Co. (NYSE:ORI)

Nomura Holdings Inc. bought a new position in Old Republic International Co. (NYSE:ORI) during the fourth quarter, HoldingsChannel.com reports. The fund bought 30,953 shares of the insurance provider’s stock, valued at approximately $1,120,000.

A number of other large investors have also recently made changes to their positions in ORI. Fairway Wealth LLC bought a new stake in Old Republic International during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of Old Republic International during the 4th quarter valued at approximately $34,000. Core Alternative Capital purchased a new stake in Old Republic International during the 4th quarter valued at $36,000. Synergy Asset Management LLC bought a new stake in Old Republic International in the fourth quarter worth $39,000. Finally, Crews Bank & Trust purchased a new position in Old Republic International during the fourth quarter worth $40,000. 70.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Craig R. Smiddy sold 5,296 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction of $204,425.60. Following the transaction, the chief executive officer now owns 138,222 shares in the company, valued at approximately $5,335,369.20. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This trade represents a 37.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,354 shares of company stock valued at $1,602,871 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ORI shares. Raymond James set a $42.00 target price on shares of Old Republic International and gave the company an “outperform” rating in a research note on Monday, April 28th. Piper Sandler set a $42.00 price objective on shares of Old Republic International in a research report on Friday, April 25th. Finally, StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 25th.

Old Republic International Stock Performance

Shares of Old Republic International stock opened at $38.44 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average is $37.70 and its two-hundred day moving average is $37.01. Old Republic International Co. has a 52 week low of $29.51 and a 52 week high of $39.84. The company has a market capitalization of $9.50 billion, a PE ratio of 14.61 and a beta of 0.74.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Monday, March 10th. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is currently 47.15%.

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.