Dimensional Fund Advisors LP Sells 80,801 Shares of Old Republic International Co. (NYSE:ORI)

Dimensional Fund Advisors LP cut its stake in shares of Old Republic International Co. (NYSE:ORI) by 1.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,132,743 shares of the insurance provider’s stock after selling 80,801 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Old Republic International were worth $258,134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORI. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International during the 3rd quarter valued at approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Old Republic International during the fourth quarter worth $34,000. Core Alternative Capital bought a new position in Old Republic International during the fourth quarter worth $36,000. Finally, Synergy Asset Management LLC acquired a new position in Old Republic International in the fourth quarter valued at $39,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Old Republic International

In related news, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction of $204,425.60. Following the transaction, the chief executive officer now directly owns 138,222 shares in the company, valued at $5,335,369.20. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,039 shares of company stock valued at $1,580,733. 1.10% of the stock is owned by corporate insiders.

Old Republic International Price Performance

ORI stock opened at $36.72 on Tuesday. Old Republic International Co. has a 1 year low of $28.65 and a 1 year high of $39.84. The stock has a market capitalization of $9.08 billion, a PE ratio of 13.96 and a beta of 0.68. The company’s 50-day moving average is $37.41 and its 200-day moving average is $36.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28.

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

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a dividend of $0.29 per share. The ex-dividend date was Monday, March 10th. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 3.16%. Old Republic International’s payout ratio is presently 44.11%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ORI. Piper Sandler lifted their price objective on Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. StockNews.com cut Old Republic International from a “buy” rating to a “hold” rating in a research note 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.