Cerity Partners LLC Grows Stock Holdings in Old Republic International Corporation (NYSE:ORI)

Cerity Partners LLC increased its stake in Old Republic International Corporation (NYSE:ORI - Free Report) by 60.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,512 shares of the insurance provider's stock after purchasing an additional 18,300 shares during the quarter. Cerity Partners LLC's holdings in Old Republic International were worth $1,903,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HWG Holdings LP bought a new position in Old Republic International in the 1st quarter worth about $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Old Republic International in the first quarter worth about $31,000. Wayfinding Financial LLC bought a new position in shares of Old Republic International in the first quarter valued at approximately $34,000. Dunhill Financial LLC purchased a new position in Old Republic International during the first quarter valued at approximately $37,000. Finally, Millstone Evans Group LLC purchased a new position in Old Republic International during the fourth quarter valued at approximately $41,000. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Price Performance

ORI traded down $0.90 on Thursday, reaching $35.72. The company had a trading volume of 2,313,343 shares, compared to its average volume of 1,525,745. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.24 and a current ratio of 0.24. Old Republic International Corporation has a 52-week low of $32.25 and a 52-week high of $39.84. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 14.52 and a beta of 0.73. The business has a 50 day simple moving average of $37.42 and a 200 day simple moving average of $37.17.

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 the consensus estimate of $0.79 by $0.04. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. The company's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, sell-side 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 declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.25%. The ex-dividend date was Friday, June 6th. Old Republic International's dividend payout ratio is presently 47.15%.

Insider Transactions at Old Republic International

In other news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $37.38, for a total value of $396,265.38. Following the transaction, the senior vice president owned 35,755 shares in the company, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ORI has been the topic of several recent analyst reports. Wall Street Zen cut shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Piper Sandler set a $42.00 price objective on Old Republic International in a research report on Friday, April 25th. Finally, Raymond James Financial set a $42.00 price objective on Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th.

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.