Gladius Capital Management LP Invests $41,000 in Old Republic International Co. (NYSE:ORI)

Gladius Capital Management LP bought a new stake in Old Republic International Co. (NYSE:ORI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,401 shares of the insurance provider’s stock, valued at approximately $41,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Allworth Financial LP grew its position in Old Republic International by 1,069.4% during the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 909 shares during the period. BKM Wealth Management LLC acquired a new stake in Old Republic International during the 4th quarter worth approximately $29,000. Naples Money Management LLC purchased a new position in Old Republic International in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC purchased a new position in Old Republic International in the fourth quarter valued at approximately $34,000. Finally, Blue Trust Inc. lifted its position 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 buying an additional 526 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ORI shares. Piper Sandler raised their target price on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

Old Republic International Stock Up 0.2 %

Shares of NYSE ORI traded up $0.05 during trading on Thursday, reaching $31.19. 1,367,235 shares of the stock were exchanged, compared to its average volume of 1,752,617. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 12.14 and a beta of 0.81. The business’s 50-day moving average price is $29.92 and its 200 day moving average price is $29.12. The company has a quick ratio of 0.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a twelve month low of $24.17 and a twelve month high of $31.32.

Old Republic International Increases Dividend

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

Insiders Place Their Bets

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

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.