29,864 Shares in Old Republic International Co. (NYSE:ORI) Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new stake in shares of Old Republic International Co. (NYSE:ORI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,864 shares of the insurance provider’s stock, valued at approximately $878,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Paradiem LLC grew its holdings in Old Republic International by 33.7% during the fourth quarter. Paradiem LLC now owns 266,352 shares of the insurance provider’s stock valued at $7,831,000 after purchasing an additional 67,104 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Old Republic International by 26.9% in the fourth quarter. Russell Investments Group Ltd. now owns 151,285 shares of the insurance provider’s stock worth $4,448,000 after acquiring an additional 32,086 shares during the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Old Republic International in the fourth quarter worth $307,000. Headlands Technologies LLC acquired a new stake in shares of Old Republic International in the fourth quarter worth $74,000. Finally, Alaska Permanent Fund Corp grew its stake in shares of Old Republic International by 9.2% in the fourth quarter. Alaska Permanent Fund Corp now owns 436,716 shares of the insurance provider’s stock worth $12,839,000 after acquiring an additional 36,754 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Piper Sandler raised their price objective on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 26th.

Insiders Place Their Bets

In other Old Republic International news, VP Thomas Dare sold 1,292 shares of Old Republic International stock in a transaction on Monday, May 6th. The shares were sold at an average price of $30.95, for a total transaction of $39,987.40. Following the sale, the vice president now owns 47,764 shares in the company, valued at $1,478,295.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Old Republic International news, SVP Carolyn Monroe sold 3,377 shares of Old Republic International stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total transaction of $101,445.08. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at $1,008,022.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Dare sold 1,292 shares of Old Republic International stock in a transaction on Monday, May 6th. The shares were sold at an average price of $30.95, for a total value of $39,987.40. Following the transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at $1,478,295.80. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Stock Up 0.2 %

ORI opened at $31.14 on Thursday. Old Republic International Co. has a fifty-two week low of $24.17 and a fifty-two week high of $31.32. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 0.25. The firm’s fifty day moving average price is $29.88 and its two-hundred day moving average price is $29.10. The company has a market capitalization of $8.46 billion, a P/E ratio of 12.12 and a beta of 0.81.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.06 dividend on an annualized basis and a yield of 3.40%. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s payout ratio is currently 41.25%.

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.