Caisse Des Depots ET Consignations Invests $4.03 Million in Old Republic International Co. (NYSE:ORI)

Caisse Des Depots ET Consignations purchased a new position in Old Republic International Co. (NYSE:ORI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 111,456 shares of the insurance provider’s stock, valued at approximately $4,034,000.

Several other large investors also recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its position in Old Republic International by 5.9% in the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after acquiring an additional 6,664 shares during the last quarter. Atomi Financial Group Inc. increased its stake in Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 302 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Old Republic International by 37.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after acquiring an additional 19,400 shares during the last quarter. Orca Wealth Management LLC acquired a new position in shares of Old Republic International during the 4th quarter worth approximately $5,209,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after acquiring an additional 42,934 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

ORI opened at $38.64 on Thursday. The firm has a market capitalization of $9.59 billion, a P/E ratio of 14.69 and a beta of 0.83. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average of $36.92 and a 200-day moving average of $36.37. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping 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%. Equities analysts forecast 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. Shareholders of record on Monday, March 10th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.00%. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International’s dividend payout ratio is 44.11%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Insider Buying and Selling

In related news, 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Thomas Dare sold 27,457 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares of the company’s stock, valued at approximately $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. Insiders sold 43,039 shares of company stock worth $1,580,733 in the last quarter. 1.00% of the stock is owned by corporate insiders.

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.