Jefferies Financial Group Inc. purchased a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,956 shares of the insurance provider's stock, valued at approximately $1,229,000.
Other hedge funds also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Old Republic International during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of Old Republic International in the fourth quarter valued at $34,000. Core Alternative Capital acquired a new position in Old Republic International during the fourth quarter worth $36,000. Synergy Asset Management LLC acquired a new stake in Old Republic International in the fourth quarter valued at $39,000. Finally, Crews Bank & Trust bought a new position in shares of Old Republic International in the 4th quarter valued at about $40,000. 70.92% of the stock is owned by institutional investors.
Insider Transactions at Old Republic International
In related news, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the transaction, the vice president now owns 46,556 shares of the company's stock, valued at $1,699,294. The trade was a 37.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Carolyn Monroe sold 10,601 shares of the business's 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 completion of the transaction, the senior vice president now directly owns 35,755 shares of the company's stock, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,354 shares of company stock valued at $1,602,871. 1.10% of the stock is currently owned by corporate insiders.
Old Republic International Stock Performance
ORI stock traded up $0.21 during midday trading on Friday, reaching $37.81. 2,078,641 shares of the company were exchanged, compared to its average volume of 1,208,541. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The business has a 50-day moving average price of $37.74 and a two-hundred day moving average price of $37.11. Old Republic International Co. has a one year low of $29.51 and a one year high of $39.84. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 14.38 and a beta of 0.74.
Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.03 billion. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current year.
Old Republic International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Friday, June 6th. Old Republic International's dividend payout ratio is currently 47.15%.
Analyst Ratings Changes
A number of brokerages have recently commented on ORI. Piper Sandler set a $42.00 price objective on shares of Old Republic International in a research report on Friday, April 25th. Wall Street Zen raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Raymond James set a $42.00 price objective on shares of Old Republic International and gave the company an "outperform" rating in a research report on Monday, April 28th.
Check Out Our Latest Research Report on Old Republic International
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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