Old Republic International Corporation (NYSE:ORI) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC reduced its stake in Old Republic International Corporation (NYSE:ORI - Free Report) by 45.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in Old Republic International by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 590,079 shares of the insurance provider's stock worth $23,143,000 after acquiring an additional 23,775 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Old Republic International by 304.7% during the 1st quarter. Farther Finance Advisors LLC now owns 15,319 shares of the insurance provider's stock worth $607,000 after purchasing an additional 11,534 shares during the period. GAMMA Investing LLC increased its position in shares of Old Republic International by 4,738.8% during the 1st quarter. GAMMA Investing LLC now owns 216,730 shares of the insurance provider's stock worth $8,500,000 after purchasing an additional 212,251 shares during the last quarter. Merit Financial Group LLC increased its position in shares of Old Republic International by 336.1% during the 1st quarter. Merit Financial Group LLC now owns 24,982 shares of the insurance provider's stock worth $980,000 after purchasing an additional 19,254 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Old Republic International by 28.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 304,140 shares of the insurance provider's stock valued at $11,928,000 after buying an additional 67,971 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Old Republic International

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

Old Republic International Trading Down 0.1%

NYSE:ORI traded down $0.03 on Friday, reaching $36.60. 1,625,460 shares of the company's stock were exchanged, compared to its average volume of 1,216,333. The business has a fifty day moving average of $37.66 and a 200-day moving average of $37.13. 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 52-week low of $31.36 and a 52-week high of $39.84. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 14.88 and a beta of 0.73.

Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. The firm's revenue was up 11.4% on a year-over-year basis. As a group, analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a yield of 3.17%. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday. Piper Sandler set a $42.00 target price on Old Republic International in a research report on Friday, April 25th. Finally, 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.

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.