Croban Acquires New Shares in Old Republic International Corporation (NYSE:ORI)

Croban acquired a new position in shares of Old Republic International Corporation (NYSE:ORI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,119 shares of the insurance provider's stock, valued at approximately $397,000.

Several other institutional investors have also bought and sold shares of the stock. Genus Capital Management Inc. acquired a new stake in Old Republic International in the 1st quarter valued at $2,781,000. State of Michigan Retirement System boosted its stake in Old Republic International by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 55,878 shares of the insurance provider's stock valued at $2,192,000 after buying an additional 600 shares in the last quarter. Cerity Partners LLC boosted its stake in Old Republic International by 60.6% in the 1st quarter. Cerity Partners LLC now owns 48,512 shares of the insurance provider's stock valued at $1,903,000 after buying an additional 18,300 shares in the last quarter. Correct Capital Wealth Management boosted its stake in Old Republic International by 4.7% in the 1st quarter. Correct Capital Wealth Management now owns 38,946 shares of the insurance provider's stock valued at $1,527,000 after buying an additional 1,735 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Old Republic International by 828.0% in the 1st quarter. Allworth Financial LP now owns 10,839 shares of the insurance provider's stock valued at $416,000 after buying an additional 9,671 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Analyst Upgrades and Downgrades

ORI has been the subject of several research analyst reports. Wall Street Zen upgraded Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Raymond James Financial set a $42.00 price objective on Old Republic International and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Piper Sandler set a $42.00 price objective on Old Republic International in a research report on Friday, April 25th.

Old Republic International Trading Down 0.1%

Shares of ORI stock traded down $0.03 on Friday, reaching $36.60. 1,625,460 shares of the stock were exchanged, compared to its average volume of 1,217,302. The stock has a market cap of $9.05 billion, a PE ratio of 14.88 and a beta of 0.73. Old Republic International Corporation has a one year low of $31.17 and a one year 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 stock has a 50 day moving average price of $37.66 and a 200 day moving average price of $37.12.

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, topping analysts' consensus estimates of $0.73 by $0.08. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a return on equity of 20.99% and a net margin of 9.37%. The business's revenue was up 11.4% on a year-over-year basis. Equities research analysts forecast that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, June 6th were given a dividend of $0.29 per share. The ex-dividend date was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.17%. Old Republic International's payout ratio is currently 47.15%.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 10,601 shares of the company's 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 completion of the sale, the senior vice president owned 35,755 shares in the company, valued at approximately $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

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.