Farther Finance Advisors LLC boosted its stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 304.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,319 shares of the insurance provider's stock after purchasing an additional 11,534 shares during the quarter. Farther Finance Advisors LLC's holdings in Old Republic International were worth $607,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Fairway Wealth LLC bought a new position in shares of Old Republic International in the fourth quarter worth $29,000. SBI Securities Co. Ltd. bought a new position in shares of Old Republic International in the fourth quarter worth $34,000. Transce3nd LLC bought a new position in shares of Old Republic International in the fourth quarter worth $41,000. Whipplewood Advisors LLC bought a new position in shares of Old Republic International in the fourth quarter worth $41,000. Finally, Millstone Evans Group LLC bought a new position in shares of Old Republic International in the fourth quarter worth $41,000. Institutional investors and hedge funds own 70.92% of the company's stock.
Insider Activity
In other news, SVP Carolyn Monroe sold 10,601 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the sale, the senior vice president now directly owns 35,755 shares of the company's stock, valued at $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Wall Street Zen cut Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday. Raymond James set a $42.00 price objective on Old Republic International and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Piper Sandler set a $42.00 price objective on Old Republic International in a report on Friday, April 25th.
Read Our Latest Stock Report on ORI
Old Republic International Price Performance
Shares of Old Republic International stock traded up $0.11 during trading on Friday, hitting $37.34. The stock had a trading volume of 1,477,429 shares, compared to its average volume of 1,204,742. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The firm has a market cap of $9.23 billion, a P/E ratio of 14.20 and a beta of 0.74. The business has a fifty day moving average of $37.57 and a two-hundred day moving average of $37.05. Old Republic International Co. has a fifty-two week low of $29.57 and a fifty-two week high of $39.84.
Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The business's revenue for the quarter was up 11.4% on a year-over-year basis. On average, sell-side analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.
Old Republic International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, June 6th. Old Republic International's dividend payout ratio is 47.15%.
Old Republic International Company 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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