Financiere des Professionnels Fonds d investissement inc. Invests $525,000 in Old Republic International Corporation $ORI

Financiere des Professionnels Fonds d investissement inc. bought a new position in Old Republic International Corporation (NYSE:ORI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 13,656 shares of the insurance provider's stock, valued at approximately $525,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HWG Holdings LP bought a new stake in shares of Old Republic International during the 1st quarter worth approximately $25,000. 1 North Wealth Services LLC bought a new stake in shares of Old Republic International during the 1st quarter worth approximately $29,000. Quarry LP lifted its stake in shares of Old Republic International by 6,645.5% during the 1st quarter. Quarry LP now owns 742 shares of the insurance provider's stock worth $29,000 after acquiring an additional 731 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Old Republic International during the 1st quarter worth approximately $31,000. Finally, Wayfinding Financial LLC bought a new stake in shares of Old Republic International during the 1st quarter worth approximately $34,000. 70.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ORI. Piper Sandler raised their price target on Old Republic International from $41.00 to $45.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Wall Street Zen lowered Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $43.50.

Old Republic International Stock Up 1.0%

Old Republic International stock opened at $39.59 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.25 and a current ratio of 0.25. The business's 50-day simple moving average is $38.23 and its two-hundred day simple moving average is $37.85. The company has a market cap of $9.84 billion, a PE ratio of 13.56 and a beta of 0.78. Old Republic International Corporation has a fifty-two week low of $33.00 and a fifty-two week high of $41.15.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The business's revenue was up 10.1% on a year-over-year basis. Equities analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, September 5th. Old Republic International's payout ratio is 39.73%.

Insider Activity

In other news, EVP Stephen J. Oberst sold 4,797 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $39.29, for a total value of $188,474.13. Following the completion of the transaction, the executive vice president owned 54,661 shares of the company's stock, valued at $2,147,630.69. The trade was a 8.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Therace Risch acquired 1,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was bought at an average cost of $39.90 per share, with a total value of $59,850.00. Following the acquisition, the director owned 9,625 shares in the company, valued at approximately $384,037.50. This trade represents a 18.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.

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