Longfellow Investment Management Co. LLC Purchases New Shares in Old Republic International Corporation (NYSE:ORI)

Key Points

• Longfellow Investment Management Co. LLC has invested approximately $448,000 in Old Republic International, acquiring 11,427 shares in the first quarter.
• Old Republic International reported a net margin of 10.31% and a return on equity of 20.95% for the last quarter, with quarterly revenue up 10.1% year-over-year.
• The company announced a quarterly dividend of $0.29 per share, resulting in an annualized yield of 3.1%.

Longfellow Investment Management Co. LLC purchased a new position in Old Republic International Corporation (NYSE:ORI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,427 shares of the insurance provider's stock, valued at approximately $448,000.

Other large investors have also recently modified their holdings of the company. Atria Wealth Solutions Inc. grew its stake in shares of Old Republic International by 3.6% during the 1st quarter. Atria Wealth Solutions Inc. now owns 9,047 shares of the insurance provider's stock valued at $355,000 after purchasing an additional 314 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Old Republic International by 1.8% in the first quarter. Venturi Wealth Management LLC now owns 19,055 shares of the insurance provider's stock worth $747,000 after buying an additional 340 shares during the last quarter. Penbrook Management LLC grew its position in Old Republic International by 5.0% during the first quarter. Penbrook Management LLC now owns 8,480 shares of the insurance provider's stock valued at $333,000 after buying an additional 400 shares during the period. Advisory Services Network LLC raised its position 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 worth $342,000 after acquiring an additional 404 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Old Republic International by 1.3% during the 1st quarter. Deutsche Bank AG now owns 35,004 shares of the insurance provider's stock worth $1,373,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company's stock.

Old Republic International Price Performance

Shares of Old Republic International stock traded up $0.44 during trading hours on Tuesday, hitting $37.93. The company's stock had a trading volume of 1,180,991 shares, compared to its average volume of 1,549,796. The company has a market cap of $9.42 billion, a PE ratio of 12.99 and a beta of 0.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.25 and a current ratio of 0.25. The business has a 50 day moving average price of $37.11 and a two-hundred day moving average price of $37.32. Old Republic International Corporation has a 12-month low of $33.00 and a 12-month high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%. Old Republic International's revenue was up 10.1% compared to the same quarter last year. Analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

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. The ex-dividend date was Friday, June 6th. This represents a $1.16 annualized dividend and a yield of 3.1%. Old Republic International's payout ratio is presently 39.73%.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 6,849 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $36.52, for a total transaction of $250,125.48. Following the completion of the transaction, the senior vice president owned 35,755 shares of the company's stock, valued at $1,305,772.60. This represents a 16.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Piper Sandler decreased their target price on Old Republic International from $42.00 to $41.00 and set an "overweight" rating on the stock in a report on Friday, July 25th. Wall Street Zen cut Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Raymond James Financial set a $42.00 target price on shares of Old Republic International and gave the stock an "outperform" rating in a report on Monday, April 28th.

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.