Trexquant Investment LP acquired a new stake in shares of Old Republic International Co. (NYSE:ORI) during the first quarter, Holdings Channel reports. The firm acquired 40,800 shares of the insurance provider’s stock, valued at approximately $836,000.
A number of other large investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Old Republic International by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,727,929 shares of the insurance provider’s stock valued at $127,832,000 after buying an additional 237,754 shares in the last quarter. First Manhattan Co. raised its stake in Old Republic International by 0.6% in the first quarter. First Manhattan Co. now owns 5,665,886 shares of the insurance provider’s stock valued at $99,833,000 after buying an additional 34,264 shares in the last quarter. Renaissance Technologies LLC raised its stake in Old Republic International by 12.5% in the fourth quarter. Renaissance Technologies LLC now owns 3,718,085 shares of the insurance provider’s stock valued at $70,644,000 after buying an additional 412,000 shares in the last quarter. AQR Capital Management LLC raised its stake in Old Republic International by 4.8% in the fourth quarter. AQR Capital Management LLC now owns 3,410,564 shares of the insurance provider’s stock valued at $64,800,000 after buying an additional 154,720 shares in the last quarter. Finally, Norges Bank acquired a new stake in Old Republic International during the fourth quarter valued at about $62,167,000. 70.73% of the stock is owned by institutional investors.
Shares of Old Republic International Co. (NYSE:ORI) traded up 1.13% during midday trading on Friday, reaching $19.64. The company’s stock had a trading volume of 1,671,910 shares. The company’s 50-day moving average price is $20.05 and its 200-day moving average price is $19.47. The company has a market cap of $5.13 billion, a PE ratio of 12.37 and a beta of 1.17. Old Republic International Co. has a 12 month low of $16.51 and a 12 month high of $21.19.
Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, April 27th. The insurance provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. Old Republic International had a net margin of 7.91% and a return on equity of 9.54%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Old Republic International Co. will post $1.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Monday, June 5th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, June 1st. Old Republic International’s dividend payout ratio (DPR) is presently 46.01%.
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Separately, Zacks Investment Research raised Old Republic International from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, May 2nd.
In related news, Director Steven J. Bateman acquired 5,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was acquired at an average price of $19.56 per share, with a total value of $97,800.00. Following the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at $293,400. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by corporate insiders.
Old Republic International Company Profile
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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