Lecap Asset Management Ltd. Has $1.28 Million Stock Holdings in Old Republic International Corporation (NYSE:ORI)

Lecap Asset Management Ltd. raised its holdings in Old Republic International Corporation (NYSE:ORI - Free Report) by 315.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,608 shares of the insurance provider's stock after purchasing an additional 24,765 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Old Republic International were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ORI. Mill Capital Management LLC grew its holdings in Old Republic International by 6.3% in the first quarter. Mill Capital Management LLC now owns 10,777 shares of the insurance provider's stock valued at $423,000 after purchasing an additional 641 shares during the last quarter. Berry Wealth Group LP raised its position in Old Republic International by 46.3% during the first quarter. Berry Wealth Group LP now owns 9,145 shares of the insurance provider's stock worth $359,000 after acquiring an additional 2,894 shares during the last quarter. HWG Holdings LP purchased a new stake in shares of Old Republic International in the first quarter valued at about $25,000. Woodmont Investment Counsel LLC increased its stake in shares of Old Republic International by 2.9% during the 1st quarter. Woodmont Investment Counsel LLC now owns 129,085 shares of the insurance provider's stock worth $5,063,000 after purchasing an additional 3,621 shares in the last quarter. Finally, HFG Advisors Inc. raised its position in shares of Old Republic International by 7.8% during the 1st quarter. HFG Advisors Inc. now owns 8,844 shares of the insurance provider's stock worth $347,000 after purchasing an additional 639 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Raymond James Financial set a $42.00 price target on Old Republic International and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Piper Sandler set a $42.00 price objective on Old Republic International in a research report on Friday, April 25th.

Old Republic International Stock Performance

Shares of NYSE ORI traded up $0.22 during midday trading on Friday, hitting $38.04. The company's stock had a trading volume of 179,490 shares, compared to its average volume of 1,199,993. The firm has a market cap of $9.40 billion, a P/E ratio of 15.45 and a beta of 0.74. Old Republic International Corporation has a 1-year low of $29.83 and a 1-year high of $39.84. The firm's fifty day moving average price is $37.62 and its 200-day moving average price is $37.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.24 and a current ratio of 0.24.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a return on equity of 20.99% and a net margin of 9.37%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.03 billion. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, sell-side analysts forecast that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, June 6th were paid a $0.29 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.16 annualized dividend and a dividend yield of 3.05%. Old Republic International's dividend payout ratio is currently 47.15%.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction that occurred 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 transaction, the senior vice president now owns 35,755 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. 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.