Platform Technology Partners Purchases New Stake in Old Republic International Corporation (NYSE:ORI)

Platform Technology Partners acquired a new position in Old Republic International Corporation (NYSE:ORI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,500 shares of the insurance provider's stock, valued at approximately $294,000.

Several other large investors have also recently bought and sold shares of ORI. HWG Holdings LP acquired a new position in Old Republic International during the 1st quarter valued at $25,000. Alpine Bank Wealth Management acquired a new position in Old Republic International during the 1st quarter valued at $31,000. Wayfinding Financial LLC acquired a new position in Old Republic International during the 1st quarter valued at $34,000. Dunhill Financial LLC bought a new stake in Old Republic International in the 1st quarter valued at $37,000. Finally, Millstone Evans Group LLC bought a new stake in Old Republic International in the 4th quarter valued at $41,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORI has been the topic of several analyst reports. Piper Sandler set a $42.00 target price on shares of Old Republic International in a report on Friday, April 25th. Raymond James Financial set a $42.00 target price on shares of Old Republic International and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Wall Street Zen lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday.

Insider Transactions at Old Republic International

In other news, SVP Carolyn Monroe sold 10,601 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the sale, the senior vice president owned 35,755 shares of the company's stock, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

Old Republic International Stock Down 0.1%

Shares of ORI traded down $0.03 during mid-day trading on Friday, hitting $36.60. 1,625,460 shares of the company's stock were exchanged, compared to its average volume of 1,216,333. Old Republic International Corporation has a 52 week low of $31.36 and a 52 week high of $39.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.24 and a quick ratio of 0.24. The company has a 50-day simple moving average of $37.66 and a 200 day simple moving average of $37.13. The company has a market cap of $9.05 billion, a PE ratio of 14.88 and a beta of 0.73.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.03 billion. Old Republic International's quarterly revenue was up 11.4% compared to the same quarter last year. On average, research analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio is 47.15%.

Old Republic International Company 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.