CHURCHILL MANAGEMENT Corp Sells 7,533 Shares of Old Republic International Corporation $ORI

Key Points

• CHURCHILL MANAGEMENT Corp has reduced its stake in Old Republic International by 2.3%, selling 7,533 shares, and now owns approximately 0.13% of the company valued at $12.3 million.
• Old Republic International recently reported earnings of $0.83 per share, surpassing estimates, and announced a quarterly dividend of $0.29 per share, leading to an annualized yield of 2.7%.
• Analysts have mixed ratings for Old Republic International, with one upgrade to a "strong-buy" and an average target price of $46.00, reflecting a generally favorable outlook on the stock.

CHURCHILL MANAGEMENT Corp lowered its position in Old Republic International Corporation (NYSE:ORI - Free Report) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 320,694 shares of the insurance provider's stock after selling 7,533 shares during the period. CHURCHILL MANAGEMENT Corp owned approximately 0.13% of Old Republic International worth $12,327,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Martingale Asset Management L P raised its position in shares of Old Republic International by 3.4% during the 1st quarter. Martingale Asset Management L P now owns 8,241 shares of the insurance provider's stock valued at $323,000 after buying an additional 269 shares during the period. Janney Montgomery Scott LLC grew its position in Old Republic International by 0.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider's stock valued at $3,532,000 after acquiring an additional 300 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Old Republic International by 3.6% during the 1st quarter. Atria Wealth Solutions Inc. now owns 9,047 shares of the insurance provider's stock worth $355,000 after buying an additional 314 shares in the last quarter. Signet Financial Management LLC boosted its holdings 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 valued at $428,000 after purchasing an additional 320 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Old Republic International by 1.8% in the 1st quarter. Venturi Wealth Management LLC now owns 19,055 shares of the insurance provider's stock valued at $747,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 70.92% of the company's stock.

Old Republic International Trading Up 0.7%

NYSE ORI opened at $42.76 on Thursday. The firm's fifty day moving average price is $39.16 and its 200 day moving average price is $38.13. Old Republic International Corporation has a 12 month low of $33.00 and a 12 month high of $42.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 14.64 and a beta of 0.76.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. The business's quarterly revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.16 annualized dividend and a yield of 2.7%. Old Republic International's payout ratio is 39.73%.

Analyst Ratings Changes

ORI has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Raymond James Financial upgraded shares of Old Republic International from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $43.00 to $47.00 in a report on Monday, September 22nd. Finally, Piper Sandler raised their price objective on shares of Old Republic International from $41.00 to $45.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, Old Republic International presently has an average rating of "Strong Buy" and a consensus price target of $46.00.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, Director Therace Risch bought 1,500 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were acquired at an average cost of $39.90 per share, with a total value of $59,850.00. Following the acquisition, the director directly owned 9,625 shares of the company's stock, valued at $384,037.50. The trade was a 18.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Stephen J. Oberst sold 4,797 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the completion of the sale, the executive vice president 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 position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

About Old Republic International

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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