Old Republic International Co. (NYSE:ORI) Shares Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC increased its stake in shares of Old Republic International Co. (NYSE:ORI) by 202.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,230 shares of the insurance provider’s stock after acquiring an additional 94,503 shares during the period. Redwood Investment Management LLC’s holdings in Old Republic International were worth $5,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in Old Republic International by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock valued at $683,000 after acquiring an additional 290 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Old Republic International by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock valued at $677,000 after buying an additional 295 shares in the last quarter. Ironwood Investment Management LLC increased its stake in shares of Old Republic International by 1.3% in the 4th quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider’s stock worth $850,000 after acquiring an additional 301 shares during the last quarter. Atomi Financial Group Inc. raised its stake in Old Republic International by 4.1% during the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after purchasing an additional 302 shares during the period. Finally, Berry Wealth Group LP grew its stake in shares of Old Republic International by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock valued at $226,000 after buying an additional 310 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Old Republic International Stock Performance

Shares of ORI stock opened at $37.33 on Thursday. 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 firm has a market cap of $9.23 billion, a P/E ratio of 14.19 and a beta of 0.74. The firm’s 50 day moving average price is $37.64 and its 200-day moving average price is $36.94. Old Republic International Co. has a one year low of $29.51 and a one year high of $39.84.

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

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. This is a boost 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 47.15%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the transaction, the senior vice president now owns 35,755 shares of the company’s stock, valued at $1,336,521.90. This trade represents a 22.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Craig R. Smiddy sold 5,296 shares of the business’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 completion of the transaction, the chief executive officer now owns 138,222 shares of the company’s stock, valued at approximately $5,335,369.20. This trade represents a 3.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,354 shares of company stock valued at $1,602,871 in the last three months. 1.10% of the stock is owned by corporate insiders.

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.