Tudor Investment Corp ET AL Raises Stake in Old Republic International Co. (NYSE:ORI)

Tudor Investment Corp ET AL increased its stake in shares of Old Republic International Co. (NYSE:ORI) by 55.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 232,282 shares of the insurance provider’s stock after buying an additional 82,469 shares during the period. Tudor Investment Corp ET AL’s holdings in Old Republic International were worth $8,406,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Old Republic International during the 3rd quarter worth approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Old Republic International in the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in shares of Old Republic International during the 4th quarter valued at $34,000. Core Alternative Capital purchased a new stake in Old Republic International in the 4th quarter worth about $36,000. Finally, Synergy Asset Management LLC bought a new stake in Old Republic International in the 4th quarter valued at about $39,000. Institutional investors own 70.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ORI shares. Piper Sandler set a $42.00 price target on shares of Old Republic International in a research note on Friday. Raymond James set a $42.00 target price on Old Republic International and gave the stock an “outperform” rating in a research report on Monday. Finally, StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 25th.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,039 shares of company stock valued at $1,580,733. Insiders own 1.10% of the company’s stock.

Old Republic International Trading Up 0.4 %

Shares of ORI stock opened at $37.79 on Wednesday. Old Republic International Co. has a 52-week low of $29.51 and a 52-week high of $39.84. The business’s fifty day moving average is $37.57 and its 200 day moving average is $36.79. 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 $9.34 billion, a PE ratio of 14.37 and a beta of 0.68.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current fiscal 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 issued a $0.29 dividend. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. Old Republic International’s dividend payout ratio is presently 47.15%.

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.