8,205 Shares in Old Republic International Corporation $ORI Acquired by 111 Capital

Key Points

• 111 Capital acquired 8,205 shares of Old Republic International Corporation (NYSE: ORI), valued at approximately $315,000, marking a new position in the company during the second quarter.
• Old Republic International reported $0.83 earnings per share for the last quarter, exceeding analysts' estimates of $0.79, with revenue of $2.21 billion, a 10.1% year-over-year increase.
• The company declared a quarterly dividend of $0.29 per share, with a 2.7% yield, reflecting a 39.73% dividend payout ratio.

111 Capital purchased a new position in Old Republic International Corporation (NYSE:ORI - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,205 shares of the insurance provider's stock, valued at approximately $315,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Martingale Asset Management L P lifted its stake in Old Republic International by 3.4% in the first quarter. Martingale Asset Management L P now owns 8,241 shares of the insurance provider's stock worth $323,000 after acquiring an additional 269 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Old Republic International by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider's stock worth $3,532,000 after acquiring an additional 300 shares during the last quarter. Atria Wealth Solutions Inc. lifted its stake in Old Republic International by 3.6% in the first quarter. Atria Wealth Solutions Inc. now owns 9,047 shares of the insurance provider's stock worth $355,000 after acquiring an additional 314 shares during the last quarter. Signet Financial Management LLC lifted its stake in Old Republic International by 3.0% in the second quarter. Signet Financial Management LLC now owns 11,135 shares of the insurance provider's stock worth $428,000 after acquiring an additional 320 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Old Republic International by 1.8% during the first quarter. Venturi Wealth Management LLC now owns 19,055 shares of the insurance provider's stock worth $747,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company's stock.

Insider Activity at Old Republic International

In related news, SVP Carolyn Monroe sold 6,849 shares of Old Republic International stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $36.52, for a total value of $250,125.48. Following the transaction, the senior vice president directly owned 35,755 shares in the company, valued at $1,305,772.60. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Therace Risch acquired 1,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was purchased at an average price of $39.90 per share, for a total transaction of $59,850.00. Following the completion of the transaction, the director owned 9,625 shares in the company, valued at $384,037.50. The trade was a 18.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Old Republic International Stock Performance

Shares of ORI opened at $43.34 on Tuesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.26. The firm has a market cap of $10.77 billion, a PE ratio of 14.84 and a beta of 0.76. The company's 50 day simple moving average is $39.60 and its 200-day simple moving average is $38.26. Old Republic International Corporation has a 12-month low of $33.00 and a 12-month high of $44.00.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.04. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Old Republic International's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities analysts predict that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, September 5th. Old Republic International's dividend payout ratio (DPR) is 39.73%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings reissued a "buy (a-)" rating on shares of Old Republic International in a report on Saturday, September 27th. Piper Sandler raised their price objective on shares of Old Republic International from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday. Wall Street Zen cut shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Raymond James Financial raised shares of Old Republic International from an "outperform" rating to a "strong-buy" rating and raised their price objective for the stock from $43.00 to $47.00 in a report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, Old Republic International currently has an average rating of "Strong Buy" and an average price target of $47.00.

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.

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