Pallas Capital Advisors LLC Purchases 12,473 Shares of Old Republic International Co. (NYSE:ORI)

Pallas Capital Advisors LLC boosted its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 168.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,894 shares of the insurance provider's stock after acquiring an additional 12,473 shares during the period. Pallas Capital Advisors LLC's holdings in Old Republic International were worth $780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new position in Old Republic International in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Old Republic International during the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC purchased a new stake in shares of Old Republic International during the fourth quarter valued at approximately $41,000. Millstone Evans Group LLC purchased a new stake in shares of Old Republic International during the fourth quarter valued at approximately $41,000. Finally, Transce3nd LLC acquired a new stake in shares of Old Republic International during the fourth quarter worth approximately $41,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the business'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 now owns 35,755 shares in the company, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

Old Republic International Stock Performance

Shares of NYSE ORI traded up $0.11 during midday trading on Friday, reaching $37.34. 1,477,429 shares of the company traded hands, compared to its average volume of 1,204,742. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The stock has a 50-day moving average price of $37.57 and a 200 day moving average price of $37.04. Old Republic International Co. has a 52 week low of $29.57 and a 52 week high of $39.84. The company has a market cap of $9.23 billion, a price-to-earnings ratio of 14.20 and a beta of 0.74.

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

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 of this dividend is Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

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.