Mutual Advisors LLC Sells 6,849 Shares of Old Republic International Corporation (NYSE:ORI)

Mutual Advisors LLC trimmed its holdings in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 45.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,192 shares of the insurance provider's stock after selling 6,849 shares during the quarter. Mutual Advisors LLC's holdings in Old Republic International were worth $305,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in shares of Old Republic International by 14.4% in the fourth quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider's stock worth $114,940,000 after purchasing an additional 400,384 shares during the period. Norges Bank bought a new position in shares of Old Republic International during the fourth quarter worth $105,581,000. Invesco Ltd. boosted its position in shares of Old Republic International by 26.4% during the fourth 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 during the last quarter. AQR Capital Management LLC boosted its position in shares of Old Republic International by 2.7% during the fourth 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Old Republic International during the fourth quarter worth $67,054,000. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Price Performance

Old Republic International stock traded down $0.17 during mid-day trading on Wednesday, reaching $37.38. 1,453,204 shares of the company's stock traded hands, compared to its average volume of 1,278,255. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 15.20 and a beta of 0.73. The stock has a 50 day moving average of $37.71 and a two-hundred day moving average of $37.12. 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 Corporation has a 12-month low of $30.02 and a 12-month high of $39.84.

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 analysts' consensus estimates of $0.73 by $0.08. The company had revenue of $2.06 billion for 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% on a year-over-year basis. Equities analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's payout ratio is 47.15%.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the transaction, the senior vice president owned 35,755 shares in the company, valued at $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ORI has been the subject of a number of research reports. Raymond James Financial set a $42.00 target price on shares of Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen upgraded shares of Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Finally, Piper Sandler set a $42.00 target price on shares of Old Republic International in a research report on Friday, April 25th.

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.