Genus Capital Management Inc. acquired a new stake in Old Republic International Corporation (NYSE:ORI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 70,900 shares of the insurance provider's stock, valued at approximately $2,781,000.
Other hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Old Republic International by 1.6% during the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock worth $683,000 after buying an additional 290 shares during the period. Ironwood Investment Management LLC grew its stake in shares of Old Republic International by 1.3% during the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock valued at $850,000 after acquiring an additional 301 shares in the last quarter. Summit Financial LLC increased its position in shares of Old Republic International by 6.1% during the fourth quarter. Summit Financial LLC now owns 6,017 shares of the insurance provider's stock worth $218,000 after acquiring an additional 347 shares during the last quarter. Penbrook Management LLC increased its position in shares of Old Republic International by 5.0% during the first quarter. Penbrook Management LLC now owns 8,480 shares of the insurance provider's stock worth $333,000 after acquiring an additional 400 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of Old Republic International by 4.5% in the fourth quarter. Advisory Services Network LLC now owns 9,452 shares of the insurance provider's stock worth $342,000 after acquiring an additional 404 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.
Old Republic International Stock Down 0.1%
Shares of ORI stock traded down $0.03 during trading hours on Friday, hitting $36.60. 1,625,460 shares of the company were exchanged, compared to its average volume of 1,216,333. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 14.88 and a beta of 0.73. Old Republic International Corporation has a one year low of $31.36 and a one year high of $39.84. The business's 50-day simple moving average is $37.66 and its two-hundred day simple moving average is $37.13. 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 released its 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. The company had revenue of $2.06 billion for 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 company's quarterly revenue was up 11.4% on a year-over-year basis. Sell-side analysts predict that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.
Old Republic International Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.
Insider Buying and Selling
In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction 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 sale, the senior vice president directly owned 35,755 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on ORI shares. Wall Street Zen lowered Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday. Piper Sandler set a $42.00 price target on shares of Old Republic International in a research report on Friday, April 25th. Finally, Raymond James Financial set a $42.00 price target on shares of Old Republic International and gave the stock an "outperform" rating in a research note on Monday, April 28th.
Check Out Our Latest Analysis on ORI
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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