Wellington Management Group LLP Acquires 25,503 Shares of Old Republic International Co. (NYSE:ORI)

Wellington Management Group LLP increased its holdings in Old Republic International Co. (NYSE:ORI) by 53.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,628 shares of the insurance provider’s stock after buying an additional 25,503 shares during the quarter. Wellington Management Group LLP’s holdings in Old Republic International were worth $2,165,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ORI. Kovitz Investment Group Partners LLC grew its stake in shares of Old Republic International by 5.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,424 shares of the insurance provider’s stock valued at $248,000 after acquiring an additional 465 shares during the period. Blue Trust Inc. lifted its holdings in Old Republic International by 62.7% during the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 526 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Old Republic International by 1.5% in the third quarter. Federated Hermes Inc. now owns 37,524 shares of the insurance provider’s stock worth $1,011,000 after purchasing an additional 537 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of Old Republic International by 3.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 18,710 shares of the insurance provider’s stock worth $550,000 after purchasing an additional 543 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Old Republic International by 4.1% during the 4th quarter. Parallel Advisors LLC now owns 19,881 shares of the insurance provider’s stock valued at $585,000 after purchasing an additional 780 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on ORI shares. Piper Sandler upped 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. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

Insiders Place Their Bets

In other news, Director Therace Risch bought 6,086 shares of the stock in a transaction dated Tuesday, April 30th. The stock was purchased at an average cost of $29.77 per share, for a total transaction of $181,180.22. Following the transaction, the director now owns 6,086 shares of the company’s stock, valued at $181,180.22. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Old Republic International news, Director Therace Risch bought 6,086 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average cost of $29.77 per share, for a total transaction of $181,180.22. Following the transaction, the director now owns 6,086 shares of the company’s stock, valued at $181,180.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Carolyn Monroe sold 4,503 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $31.28, for a total transaction of $140,853.84. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,049,631.68. The disclosure for this sale can be found here. Insiders have sold a total of 9,172 shares of company stock valued at $282,286 in the last quarter. 0.78% of the stock is currently owned by insiders.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $30.51 on Tuesday. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 11.87 and a beta of 0.83. The firm has a fifty day moving average price of $30.85 and a 200 day moving average price of $29.81. Old Republic International Co. has a fifty-two week low of $24.75 and a fifty-two week high of $32.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. As a group, sell-side analysts expect that Old Republic International Co. will post 2.73 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.47%. The ex-dividend date was Tuesday, June 4th. Old Republic International’s dividend payout ratio is presently 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.