Campbell & CO Investment Adviser LLC raised its holdings in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 137.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,299 shares of the insurance provider's stock after buying an additional 69,722 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Old Republic International were worth $4,718,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in ORI. Smartleaf Asset Management LLC increased its holdings in shares of Old Republic International by 89.7% in the first quarter. Smartleaf Asset Management LLC now owns 2,347 shares of the insurance provider's stock worth $91,000 after buying an additional 1,110 shares during the period. AlphaQuest LLC boosted its position in Old Republic International by 142.1% during the 1st quarter. AlphaQuest LLC now owns 104,785 shares of the insurance provider's stock valued at $4,110,000 after acquiring an additional 61,501 shares in the last quarter. Compound Planning Inc. raised its holdings in Old Republic International by 10.2% in the first quarter. Compound Planning Inc. now owns 8,498 shares of the insurance provider's stock worth $333,000 after purchasing an additional 784 shares in the last quarter. Summit Financial LLC lifted its position in Old Republic International by 322.6% during the 1st quarter. Summit Financial LLC now owns 25,427 shares of the insurance provider's stock valued at $997,000 after acquiring an additional 19,410 shares during the period. Finally, Kaufman Rossin Wealth LLC bought a new stake in shares of Old Republic International in the 1st quarter worth approximately $319,000. 70.92% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on ORI shares. Wall Street Zen lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Piper Sandler reduced their price objective on shares of Old Republic International from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $41.50.
Check Out Our Latest Analysis on ORI
Insider Buying and Selling 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, EVP Stephen J. Oberst sold 4,797 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $39.29, for a total value of $188,474.13. Following the transaction, the executive vice president directly owned 54,661 shares of the company's stock, valued at approximately $2,147,630.69. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.
Old Republic International Stock Performance
Shares of ORI traded down $0.32 during trading hours on Thursday, hitting $39.73. The stock had a trading volume of 1,345,605 shares, compared to its average volume of 1,324,460. The firm has a 50-day moving average price of $37.58 and a 200 day moving average price of $37.51. Old Republic International Corporation has a fifty-two week low of $33.00 and a fifty-two week high of $40.21. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 13.60 and a beta of 0.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.25 and a current ratio of 0.25.
Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.04. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, research analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current year.
Old Republic International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Old Republic International's dividend payout ratio (DPR) is presently 39.73%.
Old Republic International Profile
(
Free Report)
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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