Paradiem LLC Buys 67,104 Shares of Old Republic International Co. (NYSE:ORI)

Paradiem LLC boosted its stake in Old Republic International Co. (NYSE:ORI) by 33.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,352 shares of the insurance provider’s stock after purchasing an additional 67,104 shares during the period. Old Republic International comprises about 2.2% of Paradiem LLC’s holdings, making the stock its 12th largest holding. Paradiem LLC owned about 0.09% of Old Republic International worth $7,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Avantax Planning Partners Inc. raised its stake in shares of Old Republic International by 5.0% during the third quarter. Avantax Planning Partners Inc. now owns 9,688 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 463 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Old Republic International by 26.6% during the third quarter. Fifth Third Bancorp now owns 2,277 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 479 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Old Republic International by 13.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,210 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 500 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Old Republic International by 2.4% during the third quarter. Moors & Cabot Inc. now owns 21,030 shares of the insurance provider’s stock valued at $567,000 after acquiring an additional 500 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Old Republic International by 62.7% during the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock worth $37,000 after buying an additional 526 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Up 0.4 %

Shares of NYSE ORI traded up $0.11 during mid-day trading on Friday, reaching $30.13. 2,514,075 shares of the company’s stock traded hands, compared to its average volume of 1,795,296. The stock has a market cap of $8.30 billion, a P/E ratio of 11.72 and a beta of 0.81. The business has a 50-day simple moving average of $29.58 and a 200 day simple moving average of $28.91. Old Republic International Co. has a 1-year low of $24.03 and a 1-year high of $31.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 0.25.

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

Old Republic International Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday.

Insider Buying and Selling at Old Republic International

In related news, Director Barbara Adachi bought 1,925 shares of the company’s stock in a transaction on Friday, February 16th. The shares were purchased at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the purchase, the director now directly owns 7,845 shares in the company, valued at $224,367. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other Old Republic International news, Director Barbara Adachi purchased 1,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the purchase, the director now owns 7,845 shares of the company’s stock, valued at approximately $224,367. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carolyn Monroe sold 6,528 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $27.71, for a total transaction of $180,890.88. Following the sale, the senior vice president now owns 35,340 shares in the company, valued at $979,271.40. The disclosure for this sale can be found here. Corporate 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.