GW&K Investment Management LLC raised its holdings in Old Republic International Corporation (NYSE:ORI - Free Report) by 44.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,436,051 shares of the insurance provider's stock after acquiring an additional 441,799 shares during the period. GW&K Investment Management LLC owned about 0.58% of Old Republic International worth $56,322,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HWG Holdings LP bought a new position in Old Republic International in the first quarter valued at about $25,000. Alpine Bank Wealth Management bought a new position in Old Republic International in the first quarter valued at about $31,000. Wayfinding Financial LLC bought a new position in Old Republic International in the first quarter valued at about $34,000. Transce3nd LLC bought a new position in Old Republic International in the fourth quarter valued at about $41,000. Finally, Millstone Evans Group LLC bought a new position in Old Republic International in the fourth quarter valued at about $41,000. Institutional investors own 70.92% of the company's stock.
Insider Buying and Selling
In related news, SVP Carolyn Monroe sold 10,601 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total value of $396,265.38. Following the sale, the senior vice president directly owned 35,755 shares in the company, valued at $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.
Old Republic International Trading Down 0.9%
Shares of Old Republic International stock traded down $0.31 during midday trading on Thursday, reaching $36.31. The company had a trading volume of 698,769 shares, compared to its average volume of 1,308,038. The stock has a fifty day moving average price of $37.47 and a 200 day moving average price of $37.16. Old Republic International Corporation has a fifty-two week low of $32.25 and a fifty-two week high of $39.84. The firm has a market cap of $8.97 billion, a PE ratio of 14.77 and a beta of 0.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.24 and a quick ratio of 0.24.
Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. Old Republic International had a return on equity of 20.99% and a net margin of 9.37%. The business had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. The firm's revenue was up 10.1% compared to the same quarter last year. On average, equities analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current year.
Old Republic International Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.20%. The ex-dividend date was Friday, June 6th. Old Republic International's payout ratio is presently 47.15%.
Wall Street Analysts Forecast Growth
ORI has been the topic of a number of recent research reports. Piper Sandler set a $42.00 price target on Old Republic International in a research note on Friday, April 25th. Wall Street Zen lowered Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Raymond James Financial set a $42.00 price target on Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th.
Check Out Our Latest Research Report 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.
Featured Articles
Before you consider Old Republic International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Old Republic International wasn't on the list.
While Old Republic International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
