Old Republic International Co. (NYSE:ORI) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. grew its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 107,491.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,746 shares of the insurance provider's stock after buying an additional 24,723 shares during the period. NBC Securities Inc.'s holdings in Old Republic International were worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in 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 buying an additional 212,251 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Old Republic International by 244.2% during the first quarter. Versant Capital Management Inc now owns 5,160 shares of the insurance provider's stock worth $202,000 after purchasing an additional 3,661 shares in the last quarter. Insight Wealth Strategies LLC increased its position in shares of Old Republic International by 3.7% during the first quarter. Insight Wealth Strategies LLC now owns 69,235 shares of the insurance provider's stock worth $2,715,000 after purchasing an additional 2,439 shares in the last quarter. Penbrook Management LLC increased its position in shares of Old Republic International by 5.0% during the first quarter. Penbrook Management LLC now owns 8,480 shares of the insurance provider's stock worth $333,000 after purchasing an additional 400 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Old Republic International by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 566,304 shares of the insurance provider's stock worth $20,495,000 after purchasing an additional 6,897 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on ORI. Wall Street Zen upgraded Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Raymond James set a $42.00 target price on Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, Piper Sandler set a $42.00 target price on Old Republic International in a research report on Friday, April 25th.

Old Republic International Stock Performance

ORI stock traded down $0.08 during trading on Thursday, hitting $37.33. The company had a trading volume of 1,521,560 shares, compared to its average volume of 1,207,406. The firm has a market cap of $9.23 billion, a PE ratio of 14.19 and a beta of 0.74. Old Republic International Co. has a 1-year low of $29.51 and a 1-year high of $39.84. The firm has a 50-day moving average price of $37.68 and a 200-day moving average price of $37.12. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.11%. The ex-dividend date is Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

Insider Activity at Old Republic International

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now owns 46,556 shares in the company, valued at approximately $1,699,294. The trade was a 37.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 10,601 shares of the business's stock in a transaction that occurred 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 now owns 35,755 shares in the company, valued at $1,336,521.90. The trade was a 22.87% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by 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.