Pictet Asset Management Holding SA Buys 850 Shares of Old Republic International Co. (NYSE:ORI)

Pictet Asset Management Holding SA increased its position in shares of Old Republic International Co. (NYSE:ORI) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,135 shares of the insurance provider’s stock after acquiring an additional 850 shares during the period. Pictet Asset Management Holding SA’s holdings in Old Republic International were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC raised its stake in Old Republic International by 11.4% during the third quarter. Cerity Partners LLC now owns 14,052 shares of the insurance provider’s stock worth $498,000 after acquiring an additional 1,434 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Old Republic International by 138.6% in the third quarter. BNP Paribas Financial Markets now owns 40,403 shares of the insurance provider’s stock valued at $1,431,000 after buying an additional 23,471 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Old Republic International during the third quarter worth $378,000. Verition Fund Management LLC acquired a new position in shares of Old Republic International during the third quarter worth $561,000. Finally, Hilltop Holdings Inc. bought a new position in shares of Old Republic International in the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analyst Ratings Changes

ORI has been the subject of several recent research reports. StockNews.com downgraded Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Piper Sandler increased their price target on Old Republic International from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares in the company, valued at $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock valued at $1,580,733 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Old Republic International Trading Down 7.8 %

NYSE:ORI opened at $36.29 on Friday. Old Republic International Co. has a 52 week low of $28.59 and a 52 week high of $39.84. 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’s fifty day moving average is $37.31 and its 200-day moving average is $36.56. The firm has a market cap of $9.01 billion, a P/E ratio of 13.80 and a beta of 0.83.

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, topping analysts’ consensus estimates 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 analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.20%. 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 presently 44.11%.

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.