Northern Trust Corp Has $139.31 Million Holdings in Old Republic International Corporation $ORI

Key Points

• Northern Trust Corp increased its stake in Old Republic International Corporation by 11.8%, acquiring an additional 375,916 shares, bringing its total holdings to approximately 3.55 million shares valued at $139.3 million.
• Old Republic International's latest quarterly earnings report revealed an **EPS of $0.83**, exceeding analyst expectations, along with a **10.1% year-over-year revenue growth** to **$2.21 billion**.
• The company recently declared a quarterly dividend of $0.29 per share, resulting in a **dividend yield of 2.9%**, with the payout ratio currently at **39.73%**.

Northern Trust Corp increased its stake in Old Republic International Corporation (NYSE:ORI - Free Report) by 11.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,551,918 shares of the insurance provider's stock after buying an additional 375,916 shares during the quarter. Northern Trust Corp owned approximately 1.44% of Old Republic International worth $139,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hamlin Capital Management LLC raised its position in Old Republic International by 1.6% during the first quarter. Hamlin Capital Management LLC now owns 5,191,308 shares of the insurance provider's stock worth $203,603,000 after acquiring an additional 79,796 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Old Republic International by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider's stock valued at $114,453,000 after purchasing an additional 100,264 shares during the period. Invesco Ltd. lifted its stake in Old Republic International by 7.3% in the 1st quarter. Invesco Ltd. now owns 2,521,439 shares of the insurance provider's stock valued at $98,891,000 after purchasing an additional 171,497 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Old Republic International by 9.7% in the 1st quarter. Raymond James Financial Inc. now owns 2,032,093 shares of the insurance provider's stock valued at $79,699,000 after purchasing an additional 179,254 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Old Republic International by 2.7% during the 4th 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 period. 70.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 6,849 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $36.52, for a total value of $250,125.48. Following the transaction, the senior vice president directly owned 35,755 shares of the company's stock, valued at $1,305,772.60. This trade represents a 16.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen J. Oberst sold 4,797 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the completion of the transaction, the executive vice president owned 54,661 shares of the company's stock, valued at $2,147,630.69. The trade was a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ORI. Wall Street Zen downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Piper Sandler decreased their price target on shares of Old Republic International from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Old Republic International presently has an average rating of "Buy" and an average target price of $41.50.

Old Republic International Stock Performance

Shares of ORI traded down $0.45 during mid-day trading on Thursday, hitting $39.59. 403,346 shares of the company's stock were exchanged, compared to its average volume of 1,318,594. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $40.21. The stock's 50-day simple moving average is $37.58 and its 200-day simple moving average is $37.51. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 13.55 and a beta of 0.74.

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

Old Republic International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Old Republic International's dividend payout ratio is 39.73%.

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.