Mitsubishi UFJ Trust & Banking Corp Sells 25,334 Shares of Old Republic International Co. (NYSE:ORI)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Old Republic International Co. (NYSE:ORI) by 43.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 32,736 shares of the insurance provider’s stock after selling 25,334 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Old Republic International were worth $1,185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORI. Janus Henderson Group PLC lifted its position in Old Republic International by 5.9% in the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock worth $4,262,000 after buying an additional 6,664 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Old Republic International by 4.1% during the fourth 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 during the period. Nisa Investment Advisors LLC grew its holdings in shares of Old Republic International by 37.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock worth $2,595,000 after purchasing an additional 19,400 shares during the last quarter. Orca Wealth Management LLC bought a new stake in Old Republic International in the 4th quarter worth $5,209,000. Finally, JPMorgan Chase & Co. increased its holdings in Old Republic International by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after purchasing an additional 42,934 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. The trade was a 37.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the sale, the chief executive officer now owns 138,222 shares of the company’s stock, valued at approximately $5,335,369.20. This trade represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock worth $1,580,733 in the last three months. Insiders own 1.00% of the company’s stock.

Old Republic International Price Performance

ORI stock opened at $39.64 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 15.07 and a beta of 0.83. The firm has a 50 day moving average price of $37.17 and a 200-day moving average price of $36.50. Old Republic International Co. has a 52-week low of $28.59 and a 52-week high of $39.84.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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 forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.29 per share. The ex-dividend date was Monday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 2.93%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Piper Sandler lifted their price target on shares of Old Republic International from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday. 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 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.