29,271 Shares in Old Republic International Corporation (NYSE:ORI) Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC acquired a new stake in Old Republic International Corporation (NYSE:ORI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 29,271 shares of the insurance provider's stock, valued at approximately $1,148,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ORI. Parallel Advisors LLC boosted its holdings in Old Republic International by 1.6% in the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock valued at $683,000 after purchasing an additional 290 shares during the period. Summit Financial LLC boosted its holdings in Old Republic International by 6.1% in 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 during the period. Penbrook Management LLC boosted its holdings in Old Republic International by 5.0% in the first quarter. Penbrook Management LLC now owns 8,480 shares of the insurance provider's stock valued at $333,000 after purchasing an additional 400 shares during the period. Advisory Services Network LLC increased its holdings in 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 valued at $342,000 after buying an additional 404 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Old Republic International by 34.8% in the fourth quarter. Huntington National Bank now owns 1,737 shares of the insurance provider's stock valued at $63,000 after buying an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company's stock.

Analyst Ratings Changes

ORI has been the topic of several recent analyst reports. Wall Street Zen lowered Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Piper Sandler set a $42.00 target price on Old Republic International in a report on Friday, April 25th. Finally, Raymond James Financial set a $42.00 price target on shares of Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th.

Old Republic International Stock Performance

ORI traded up $0.05 on Monday, reaching $36.86. The company had a trading volume of 339,676 shares, compared to its average volume of 1,220,144. Old Republic International Corporation has a 1 year low of $31.82 and a 1 year high of $39.84. The stock has a market capitalization of $9.11 billion, a PE ratio of 14.97 and a beta of 0.73. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $37.53 and a 200-day moving average price of $37.15.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International's revenue was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that Old Republic International Corporation will post 3.17 EPS 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. Investors of record on Friday, June 6th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio is presently 47.15%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the company's 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 completion of the transaction, the senior vice president owned 35,755 shares in the company, valued at approximately $1,336,521.90. This represents a 22.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.