Hennion & Walsh Asset Management Inc. Sells 30,604 Shares of Old Republic International Co. (NYSE:ORI)

Hennion & Walsh Asset Management Inc. lessened its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 37.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,852 shares of the insurance provider's stock after selling 30,604 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Old Republic International were worth $1,994,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Old Republic International by 1.6% during the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock worth $683,000 after acquiring an additional 290 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Old Republic International by 1.6% during the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock valued at $677,000 after purchasing an additional 295 shares during the last quarter. Ironwood Investment Management LLC grew its position in shares of Old Republic International by 1.3% during the 4th 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 during the period. SPC Financial Inc. grew its stake in Old Republic International by 1.8% during the fourth quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider's stock valued at $652,000 after acquiring an additional 312 shares in the last quarter. Finally, Summit Financial LLC raised its position in Old Republic International by 6.1% during the fourth quarter. Summit Financial LLC now owns 6,017 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 347 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ORI shares. Piper Sandler set a $42.00 target price on shares of Old Republic International in a research report on Friday, April 25th. Wall Street Zen raised Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Finally, Raymond James set a $42.00 target price on Old Republic International and gave the stock an "outperform" rating in a report on Monday, April 28th.

Old Republic International Trading Down 2.1%

Shares of Old Republic International stock traded down $0.78 on Monday, reaching $36.70. The company had a trading volume of 1,346,568 shares, compared to its average volume of 1,207,318. The firm's 50 day moving average price is $37.54 and its two-hundred day moving average price is $37.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a 52-week low of $29.51 and a 52-week high of $39.84. The firm has a market cap of $9.07 billion, a PE ratio of 13.95 and a beta of 0.74.

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 the consensus estimate of $0.73 by $0.08. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The company had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.03 billion. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. Sell-side analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, June 6th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is 47.15%.

Insider Transactions at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. This trade represents a 37.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the sale, the senior vice president now owns 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 disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

About Old Republic International

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.