Old Republic International Corporation $ORI Shares Sold by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations decreased its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 68.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,040 shares of the insurance provider’s stock after selling 51,490 shares during the quarter. Caisse Des Depots ET Consignations’ holdings in Old Republic International were worth $1,097,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vest Financial LLC acquired a new position in Old Republic International in the third quarter valued at $1,517,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Old Republic International by 261.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 277,350 shares of the insurance provider’s stock valued at $11,779,000 after purchasing an additional 200,692 shares during the last quarter. American National Bank & Trust increased its stake in Old Republic International by 80.0% in the third quarter. American National Bank & Trust now owns 45,000 shares of the insurance provider’s stock valued at $1,911,000 after purchasing an additional 20,000 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Old Republic International by 2,840.8% in the third quarter. Thrivent Financial for Lutherans now owns 3,926,606 shares of the insurance provider’s stock valued at $166,763,000 after purchasing an additional 3,793,085 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Old Republic International by 19.1% in the third quarter. Bank of New York Mellon Corp now owns 3,585,558 shares of the insurance provider’s stock valued at $152,279,000 after purchasing an additional 575,778 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of NYSE:ORI opened at $39.31 on Friday. The firm has a market capitalization of $9.57 billion, a PE ratio of 10.54 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.27. The business has a 50-day moving average of $40.78 and a two-hundred day moving average of $42.13. Old Republic International Corporation has a 12 month low of $35.60 and a 12 month high of $46.76.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 earnings per share. As a group, research analysts forecast that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were paid a dividend of $0.315 per share. This is a boost from Old Republic International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, March 9th. Old Republic International’s payout ratio is currently 33.78%.

Insider Activity

In other Old Republic International news, SVP Carolyn Monroe sold 5,526 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the completion of the sale, the senior vice president directly owned 27,875 shares in the company, valued at $1,094,930. This represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Eric Smith purchased 1,135 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were purchased at an average price of $43.10 per share, with a total value of $48,918.50. Following the completion of the purchase, the director directly owned 4,276 shares of the company’s stock, valued at $184,295.60. The trade was a 36.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ORI shares. Zacks Research lowered Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Weiss Ratings lowered Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, March 27th. Piper Sandler upped their target price on Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Raymond James Financial set a $44.00 target price on Old Republic International in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Old Republic International has an average rating of “Moderate Buy” and an average price target of $42.00.

Old Republic International 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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.