Old Republic International Corporation (NYSE:ORI) Shares Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. raised its position in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 315.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,608 shares of the insurance provider's stock after acquiring an additional 24,765 shares during the period. Lecap Asset Management Ltd.'s holdings in Old Republic International were worth $1,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ORI. Mill Capital Management LLC boosted its stake in shares of Old Republic International by 6.3% during 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 period. Berry Wealth Group LP boosted its stake in shares of 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 valued at $359,000 after purchasing an additional 2,894 shares during the period. HWG Holdings LP purchased a new stake in shares of Old Republic International during the first quarter valued at $25,000. Woodmont Investment Counsel LLC boosted its stake in shares of Old Republic International by 2.9% during the first quarter. Woodmont Investment Counsel LLC now owns 129,085 shares of the insurance provider's stock valued at $5,063,000 after purchasing an additional 3,621 shares during the period. Finally, HFG Advisors Inc. boosted its stake in shares of Old Republic International by 7.8% during the first quarter. HFG Advisors Inc. now owns 8,844 shares of the insurance provider's stock valued at $347,000 after purchasing an additional 639 shares during the period. Institutional investors own 70.92% of the company's stock.

Analysts Set New Price Targets

ORI has been the subject of a number of recent analyst reports. Piper Sandler set a $42.00 target price on shares of Old Republic International in a research note on Friday, April 25th. Raymond James Financial set a $42.00 target price 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 raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday.

Old Republic International Stock Up 0.8%

NYSE:ORI traded up $0.31 during mid-day trading on Friday, reaching $38.13. The company's stock had a trading volume of 2,506,029 shares, compared to its average volume of 1,204,961. Old Republic International Corporation has a 1 year low of $29.83 and a 1 year high of $39.84. The stock has a fifty day moving average of $37.62 and a 200-day moving average of $37.03. The firm has a market capitalization of $9.42 billion, a PE ratio of 15.50 and a beta of 0.74. 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 data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.03 billion. Old Republic International's revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

Insiders Place Their Bets

In other Old Republic International news, 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 in the company, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.