Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $232,000 Stock Position in Old Republic International Co. (NYSE:ORI)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its position in shares of Old Republic International Co. (NYSE:ORI) by 24.9% in the fourth quarter, HoldingsChannel reports. The fund owned 7,878 shares of the insurance provider’s stock after selling 2,617 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Old Republic International were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in shares of Old Republic International by 13.1% during the third quarter. Northern Trust Corp now owns 2,460,669 shares of the insurance provider’s stock worth $66,290,000 after buying an additional 284,491 shares in the last quarter. Invesco Ltd. raised its position in shares of Old Republic International by 55.2% in the third quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock valued at $60,966,000 after buying an additional 804,803 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Old Republic International by 3.3% in the third quarter. AQR Capital Management LLC now owns 1,812,451 shares of the insurance provider’s stock valued at $48,827,000 after buying an additional 58,008 shares during the period. LSV Asset Management grew its position in Old Republic International by 6.9% during the fourth quarter. LSV Asset Management now owns 1,632,300 shares of the insurance provider’s stock worth $47,990,000 after buying an additional 105,310 shares in the last quarter. Finally, UBS Group AG raised its holdings in Old Republic International by 1,208.9% in the 3rd quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider’s stock valued at $40,715,000 after acquiring an additional 1,395,849 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Trading Up 0.2 %

Shares of ORI stock opened at $31.19 on Friday. Old Republic International Co. has a fifty-two week low of $24.17 and a fifty-two week high of $31.32. The stock’s fifty day moving average price is $29.92 and its two-hundred day moving average price is $29.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.25 and a current ratio of 1.28. The company has a market cap of $8.48 billion, a PE ratio of 12.14 and a beta of 0.81.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were paid a $0.265 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 3.40%. Old Republic International’s dividend payout ratio (DPR) is 41.25%.

Insiders Place Their Bets

In related news, Director Barbara Adachi purchased 1,925 shares of Old Republic International stock in a transaction dated Friday, February 16th. The shares were bought at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the purchase, the director now owns 7,845 shares in the company, valued at approximately $224,367. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Therace Risch acquired 6,086 shares of the stock in a transaction dated Tuesday, April 30th. The stock was bought at an average price of $29.77 per share, with a total value of $181,180.22. Following the completion of the purchase, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Adachi bought 1,925 shares of Old Republic International stock in a transaction on Friday, February 16th. The shares were acquired at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the acquisition, the director now directly owns 7,845 shares in the company, valued at $224,367. The disclosure for this purchase can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Piper Sandler increased 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.

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.