Dynamic Technology Lab Private Ltd Reduces Stock Holdings in Old Republic International Co. (NYSE:ORI)

Dynamic Technology Lab Private Ltd lowered its stake in Old Republic International Co. (NYSE:ORI) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,596 shares of the insurance provider’s stock after selling 3,334 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Old Republic International were worth $926,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in shares of Old Republic International by 11.4% during the 3rd quarter. Cerity Partners LLC now owns 14,052 shares of the insurance provider’s stock worth $498,000 after acquiring an additional 1,434 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Old Republic International by 138.6% during the third quarter. BNP Paribas Financial Markets now owns 40,403 shares of the insurance provider’s stock valued at $1,431,000 after purchasing an additional 23,471 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Old Republic International in the third quarter worth $378,000. Verition Fund Management LLC purchased a new position in Old Republic International during the third quarter valued at $561,000. Finally, Hilltop Holdings Inc. bought a new stake in shares of Old Republic International during the 3rd quarter valued at $204,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Trading Down 7.8 %

NYSE ORI opened at $36.29 on Monday. The stock’s fifty day moving average price is $37.31 and its 200-day moving average price is $36.57. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $8.97 billion, a P/E ratio of 13.80 and a beta of 0.68. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.84.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, equities analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a $0.29 dividend. The ex-dividend date was Monday, March 10th. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.20%. Old Republic International’s dividend payout ratio is 44.11%.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,039 shares of company stock worth $1,580,733. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st. StockNews.com lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

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.