Twin Capital Management Inc. Has $1.94 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Twin Capital Management Inc. trimmed its position in Old Republic International Co. (NYSE:ORI) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,011 shares of the insurance provider’s stock after selling 1,431 shares during the period. Twin Capital Management Inc.’s holdings in Old Republic International were worth $1,941,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ORI. American Century Companies Inc. raised its position in shares of Old Republic International by 58.9% in the 1st quarter. American Century Companies Inc. now owns 56,825 shares of the insurance provider’s stock valued at $1,471,000 after acquiring an additional 21,064 shares during the period. HighTower Advisors LLC raised its position in shares of Old Republic International by 31.1% in the 1st quarter. HighTower Advisors LLC now owns 17,253 shares of the insurance provider’s stock valued at $448,000 after acquiring an additional 4,088 shares during the period. Natixis Advisors L.P. raised its position in shares of Old Republic International by 21.5% in the 1st quarter. Natixis Advisors L.P. now owns 22,153 shares of the insurance provider’s stock valued at $573,000 after acquiring an additional 3,918 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Old Republic International in the 1st quarter valued at approximately $296,000. Finally, Panagora Asset Management Inc. raised its position in shares of Old Republic International by 2.3% in the 1st quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider’s stock valued at $553,000 after acquiring an additional 484 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORI. StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Piper Sandler raised their target price on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 1st.

Insider Transactions at Old Republic International

In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were acquired at an average price of $28.60 per share, with a total value of $55,055.00. Following the completion of the transaction, the director now directly owns 7,845 shares in the company, valued at approximately $224,367. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Carolyn Monroe sold 6,528 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $27.71, for a total transaction of $180,890.88. Following the transaction, the senior vice president now directly owns 35,340 shares in the company, valued at $979,271.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Barbara Adachi bought 1,925 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average price of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the acquisition, the director now owns 7,845 shares of the company’s stock, valued at approximately $224,367. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

Old Republic International Stock Performance

Shares of ORI stock opened at $29.12 on Friday. The company’s fifty day simple moving average is $29.39 and its 200-day simple moving average is $28.75. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.25. The firm has a market cap of $8.02 billion, a PE ratio of 13.87 and a beta of 0.81. Old Republic International Co. has a 12 month low of $24.03 and a 12 month high of $31.22.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. Equities research analysts expect that Old Republic International Co. will post 2.7 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 21st. Stockholders of record on Monday, March 11th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Friday, March 8th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s payout ratio is currently 50.48%.

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.