Yousif Capital Management LLC Has $3.73 Million Holdings in Old Republic International Co. (NYSE:ORI)

Yousif Capital Management LLC reduced its position in Old Republic International Co. (NYSE:ORI) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,733 shares of the insurance provider’s stock after selling 1,846 shares during the quarter. Yousif Capital Management LLC’s holdings in Old Republic International were worth $3,726,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. UBS Group AG lifted its stake in Old Republic International by 1,208.9% in the third quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider’s stock valued at $40,715,000 after buying an additional 1,395,849 shares during the period. California Public Employees Retirement System lifted its position in shares of Old Republic International by 174.1% during 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 acquiring an additional 876,872 shares during the period. Invesco Ltd. boosted its stake in Old Republic International by 55.2% during the third quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock worth $60,966,000 after acquiring an additional 804,803 shares in the last quarter. Boston Financial Mangement LLC increased its stake in Old Republic International by 701.3% in the third quarter. Boston Financial Mangement LLC now owns 777,128 shares of the insurance provider’s stock valued at $20,936,000 after purchasing an additional 680,146 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Old Republic International by 669.5% during the third quarter. Qube Research & Technologies Ltd now owns 602,842 shares of the insurance provider’s stock valued at $16,241,000 after purchasing an additional 524,502 shares during the period. Institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

ORI has been the subject of a number of research analyst reports. Piper Sandler boosted 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 upgraded Old Republic International from a “hold” rating to a “buy” rating in a report on Friday.

Old Republic International Trading Up 0.4 %

ORI opened at $30.13 on Friday. Old Republic International Co. has a fifty-two week low of $24.03 and a fifty-two week high of $31.22. The firm has a market capitalization of $8.30 billion, a PE ratio of 11.72 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 0.25. The company’s 50-day moving average is $29.58 and its 200 day moving average is $28.91.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.03). Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. As a group, research analysts predict that Old Republic International Co. will post 2.7 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 3.52%. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. Old Republic International’s dividend payout ratio is presently 41.25%.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 6,528 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the transaction, the senior vice president now directly owns 35,340 shares of the company’s stock, valued at $979,271.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $27.71, for a total transaction of $180,890.88. Following the completion of the transaction, the senior vice president now owns 35,340 shares in the company, valued at $979,271.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barbara Adachi acquired 1,925 shares of the stock in a transaction on Friday, February 16th. The stock was bought at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the transaction, the director now owns 7,845 shares of the company’s stock, valued at approximately $224,367. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

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.