Qube Research & Technologies Ltd Grows Stock Holdings in Old Republic International Co. (NYSE:ORI)

Qube Research & Technologies Ltd grew its holdings in shares of Old Republic International Co. (NYSE:ORIGet Rating) by 92.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 605,636 shares of the insurance provider’s stock after buying an additional 290,531 shares during the quarter. Qube Research & Technologies Ltd owned 0.20% of Old Republic International worth $15,668,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Millennium Management LLC boosted its stake in shares of Old Republic International by 462.6% in the fourth quarter. Millennium Management LLC now owns 1,392,485 shares of the insurance provider’s stock valued at $34,227,000 after purchasing an additional 1,144,974 shares during the period. State Street Corp boosted its stake in shares of Old Republic International by 3.4% in the fourth quarter. State Street Corp now owns 22,446,874 shares of the insurance provider’s stock valued at $551,744,000 after purchasing an additional 748,168 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Old Republic International in the fourth quarter valued at $16,596,000. Renaissance Technologies LLC boosted its stake in shares of Old Republic International by 207.6% in the fourth quarter. Renaissance Technologies LLC now owns 803,185 shares of the insurance provider’s stock valued at $19,742,000 after purchasing an additional 542,100 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of Old Republic International by 95.3% in the first quarter. Retirement Systems of Alabama now owns 730,131 shares of the insurance provider’s stock valued at $18,888,000 after purchasing an additional 356,252 shares during the period. 78.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ORI shares. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Monday, August 1st. Raymond James cut shares of Old Republic International from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $30.00 to $28.00 in a report on Friday, April 29th.

Old Republic International Stock Up 0.7 %

Shares of NYSE:ORI opened at $22.56 on Friday. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 7.01 and a beta of 0.82. Old Republic International Co. has a 1-year low of $20.93 and a 1-year high of $27.19. The company’s fifty day moving average is $22.50 and its two-hundred day moving average is $24.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.53 and a current ratio of 1.20.

Old Republic International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Friday, June 3rd were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, June 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.08%. Old Republic International’s dividend payout ratio (DPR) is 28.57%.

Insiders Place Their Bets

In other Old Republic International news, Director Lisa J. Caldwell bought 9,920 shares of the company’s stock in a transaction on Friday, May 27th. The shares were bought at an average cost of $23.63 per share, with a total value of $234,409.60. Following the completion of the acquisition, the director now owns 10,706 shares of the company’s stock, valued at $252,982.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Old Republic International Company Profile

(Get Rating)

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

Recommended Stories

Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.