Farther Finance Advisors LLC Purchases 11,534 Shares of Old Republic International Corporation (NYSE:ORI)

Farther Finance Advisors LLC lifted its stake in Old Republic International Corporation (NYSE:ORI - Free Report) by 304.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,319 shares of the insurance provider's stock after purchasing an additional 11,534 shares during the period. Farther Finance Advisors LLC's holdings in Old Republic International were worth $607,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fairway Wealth LLC purchased a new position in Old Republic International during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new stake in Old Republic International during the 4th quarter valued at about $34,000. Transce3nd LLC bought a new stake in Old Republic International during the 4th quarter valued at about $41,000. Whipplewood Advisors LLC bought a new stake in Old Republic International during the 4th quarter valued at about $41,000. Finally, Millstone Evans Group LLC bought a new stake in Old Republic International during the 4th quarter valued at about $41,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

Shares of ORI stock traded up $0.11 during trading hours on Wednesday, reaching $36.98. The company had a trading volume of 1,397,914 shares, compared to its average volume of 1,210,190. The business has a fifty day moving average price of $37.60 and a 200-day moving average price of $37.02. Old Republic International Corporation has a one year low of $29.83 and a one year high of $39.84. The firm has a market cap of $9.14 billion, a PE ratio of 15.03 and a beta of 0.74. 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 (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $2.03 billion. Old Republic International's quarterly revenue was up 11.4% compared to the same quarter last year. Sell-side analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, June 6th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.14%. Old Republic International's dividend payout ratio is presently 47.15%.

Analysts Set New Price Targets

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

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 10,601 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were 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 in the company, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

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.