KBC Group NV Has $334,000 Position in Old Republic International Co. (NYSE:ORI)

KBC Group NV increased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 39.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,228 shares of the insurance provider’s stock after buying an additional 2,627 shares during the quarter. KBC Group NV’s holdings in Old Republic International were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ORI. Hamlin Capital Management LLC increased its position in Old Republic International by 8.0% in the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after purchasing an additional 379,474 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Old Republic International by 162.4% in the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after buying an additional 377,605 shares during the last quarter. Edgestream Partners L.P. bought a new position in Old Republic International during the third quarter valued at approximately $7,965,000. Franklin Resources Inc. raised its position in Old Republic International by 39.6% during the third quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock valued at $16,209,000 after acquiring an additional 128,896 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Old Republic International in the second quarter valued at approximately $3,595,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Trading Down 0.9 %

Shares of ORI opened at $36.26 on Tuesday. The stock has a fifty day moving average price of $36.43 and a two-hundred day moving average price of $35.63. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 13.79 and a beta of 0.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $39.27.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating 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%. Analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is currently 40.30%.

Wall Street Analyst Weigh In

ORI has been the topic of a number of recent analyst reports. Piper Sandler raised their price objective on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. StockNews.com cut Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

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.