Mutual Advisors LLC Has $305,000 Stake in Old Republic International Corporation (NYSE:ORI)

Mutual Advisors LLC lessened its stake in Old Republic International Corporation (NYSE:ORI - Free Report) by 45.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in Old Republic International by 1.6% in the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock valued at $683,000 after purchasing an additional 290 shares during the last quarter. Ironwood Investment Management LLC increased its holdings in Old Republic International by 1.3% in the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock valued at $850,000 after purchasing an additional 301 shares during the last quarter. Summit Financial LLC increased its holdings in Old Republic International by 6.1% in the fourth quarter. Summit Financial LLC now owns 6,017 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 347 shares during the last quarter. Penbrook Management LLC increased its holdings in Old Republic International by 5.0% in the first quarter. Penbrook Management LLC now owns 8,480 shares of the insurance provider's stock valued at $333,000 after purchasing an additional 400 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake 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 valued at $342,000 after acquiring an additional 404 shares during the period. Institutional investors own 70.92% of the company's stock.

Insider Activity

In other news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total value of $396,265.38. Following the transaction, the senior vice president owned 35,755 shares in the company, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Old Republic International Stock Performance

NYSE:ORI traded down $0.03 during mid-day trading on Friday, hitting $36.60. 1,625,460 shares of the stock were exchanged, compared to its average volume of 1,217,206. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 14.88 and a beta of 0.73. The firm's 50-day simple moving average is $37.69 and its 200 day simple moving average is $37.12. 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 Corporation has a fifty-two week low of $30.61 and a fifty-two week high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last posted 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 return on equity of 20.99% and a net margin of 9.37%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. The business's revenue for the quarter was up 11.4% on a year-over-year basis. As a group, equities analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently declared 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 3.17%. Old Republic International's payout ratio is 47.15%.

Analyst Ratings Changes

A number of research firms have issued reports on ORI. Raymond James Financial set a $42.00 target price on Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen raised 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 price objective on Old Republic International in a research report on Friday, April 25th.

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.