Twin Capital Management Inc. Purchases 3,414 Shares of Old Republic International Co. (NYSE:ORI)

Twin Capital Management Inc. boosted its stake in Old Republic International Co. (NYSE:ORI) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,678 shares of the insurance provider’s stock after acquiring an additional 3,414 shares during the period. Twin Capital Management Inc.’s holdings in Old Republic International were worth $2,449,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Norges Bank bought a new position in Old Republic International in the fourth quarter worth $105,581,000. Invesco Ltd. grew its holdings in shares of Old Republic International by 26.4% during the fourth quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider’s stock valued at $85,044,000 after buying an additional 490,788 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Old Republic International in the 4th quarter worth $67,054,000. JPMorgan Chase & Co. lifted its stake in Old Republic International by 4.7% during the 4th quarter. JPMorgan Chase & Co. now owns 891,112 shares of the insurance provider’s stock valued at $32,249,000 after acquiring an additional 39,620 shares during the period. Finally, Boston Financial Mangement LLC lifted its position in Old Republic International by 1.2% during the fourth quarter. Boston Financial Mangement LLC now owns 785,190 shares of the insurance provider’s stock valued at $28,416,000 after purchasing an additional 9,011 shares during the period. Institutional investors own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

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

Old Republic International Stock Performance

ORI stock opened at $36.29 on Monday. The business has a 50-day moving average price of $37.31 and a 200 day moving average price of $36.57. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The company has a market capitalization of $8.97 billion, a P/E ratio of 13.80 and a beta of 0.68. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.84.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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%. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a $0.29 dividend. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.20%. The ex-dividend date was Monday, March 10th. Old Republic International’s dividend payout ratio (DPR) is presently 44.11%.

Insider Transactions at Old Republic International

In related news, 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 owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Craig R. Smiddy sold 5,296 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the sale, the chief executive officer now directly 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 43,039 shares of company stock valued at $1,580,733 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.