Jackson Creek Investment Advisors LLC Makes New $1.15 Million Investment in Old Republic International Corporation (NYSE:ORI)

Jackson Creek Investment Advisors LLC bought a new stake in Old Republic International Corporation (NYSE:ORI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 29,271 shares of the insurance provider's stock, valued at approximately $1,148,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northern Trust Corp grew its stake in Old Republic International by 14.4% in the 4th quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider's stock valued at $114,940,000 after buying an additional 400,384 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Old Republic International by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider's stock worth $114,453,000 after acquiring an additional 100,264 shares in the last quarter. Norges Bank acquired a new stake in shares of Old Republic International during the 4th quarter worth approximately $105,581,000. Invesco Ltd. boosted its position in shares of Old Republic International by 26.4% during the 4th quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock worth $85,044,000 after acquiring an additional 490,788 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Old Republic International by 2.7% during the 4th quarter. AQR Capital Management LLC now owns 1,885,011 shares of the insurance provider's stock worth $68,219,000 after acquiring an additional 49,160 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Trading Up 0.7%

Shares of ORI stock traded up $0.25 during trading hours on Friday, hitting $37.00. 117,262 shares of the company's stock traded hands, compared to its average volume of 1,217,855. The stock's 50 day simple moving average is $37.55 and its 200 day simple moving average is $37.13. The stock has a market cap of $9.15 billion, a PE ratio of 15.04 and a beta of 0.73. Old Republic International Corporation has a 12 month low of $31.78 and a 12 month high of $39.84. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.27.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The business's revenue was up 11.4% compared to the same quarter last year. On average, sell-side 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 declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is currently 47.15%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the sale, the senior vice president directly owned 35,755 shares of the company's stock, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Old Republic International 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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