Dunhill Financial LLC purchased a new stake in Old Republic International Corporation (NYSE:ORI - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 91,560 shares of the insurance provider's stock, valued at approximately $37,000.
Other institutional investors have also modified their holdings of the company. Fairway Wealth LLC bought a new stake in shares of Old Republic International in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. bought a new stake in Old Republic International in the fourth quarter worth about $34,000. Whipplewood Advisors LLC bought a new stake in Old Republic International in the fourth quarter worth about $41,000. Millstone Evans Group LLC bought a new stake in Old Republic International in the fourth quarter worth about $41,000. Finally, Transce3nd LLC bought a new stake in Old Republic International in the fourth quarter worth about $41,000. 70.92% of the stock is owned by institutional investors.
Insider Buying and Selling at Old Republic International
In related 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 completion of the sale, the senior vice president now directly owns 35,755 shares in the company, valued at $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Old Republic International Trading Up 0.7%
ORI traded up $0.28 on Friday, reaching $37.28. 2,811,761 shares of the company traded hands, compared to its average volume of 1,203,908. Old Republic International Corporation has a one year low of $29.83 and a one year high of $39.84. The firm has a fifty day simple moving average of $37.61 and a two-hundred day simple moving average of $37.00. The company has a market cap of $9.21 billion, a P/E ratio of 15.15 and a beta of 0.74. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.27.
Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. The company's quarterly revenue was up 11.4% compared to the same quarter last year. As a group, equities research analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current year.
Old Republic International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on ORI shares. Raymond James Financial set a $42.00 price target on Old Republic International and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen lowered Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Piper Sandler set a $42.00 target price on Old Republic International in a research report on Friday, April 25th.
View Our Latest Report on Old Republic International
About Old Republic International
(
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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