Old Republic International Corporation (NYSE:ORI) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY trimmed its holdings in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,018,211 shares of the insurance provider's stock after selling 31,036 shares during the period. Old Republic International accounts for about 2.5% of Miller Howard Investments Inc. NY's investment portfolio, making the stock its 7th biggest holding. Miller Howard Investments Inc. NY owned approximately 0.82% of Old Republic International worth $79,154,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wealthstar Advisors LLC bought a new stake in shares of Old Republic International during the 1st quarter valued at $327,000. KBC Group NV lifted its stake in Old Republic International by 10.8% in the first quarter. KBC Group NV now owns 10,224 shares of the insurance provider's stock valued at $401,000 after buying an additional 996 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Old Republic International by 28.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 304,140 shares of the insurance provider's stock worth $11,928,000 after buying an additional 67,971 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Old Republic International during the first quarter worth about $31,000. Finally, Golden State Equity Partners grew its position in shares of Old Republic International by 6.4% during the 1st quarter. Golden State Equity Partners now owns 19,442 shares of the insurance provider's stock worth $763,000 after buying an additional 1,171 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Piper Sandler set a $42.00 price objective on shares of Old Republic International in a research note on Friday, April 25th. Wall Street Zen upgraded shares of Old Republic International from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Finally, Raymond James Financial 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.

Old Republic International Trading Up 1.2%

Shares of Old Republic International stock traded up $0.45 during trading hours on Thursday, hitting $37.98. The company's stock had a trading volume of 449,145 shares, compared to its average volume of 1,270,072. The company has a market capitalization of $9.39 billion, a PE ratio of 15.44 and a beta of 0.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a 50 day moving average of $37.66 and a 200 day moving average of $37.05. Old Republic International Corporation has a 12 month low of $29.83 and a 12 month high of $39.84.

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

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were given a $0.29 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.16 annualized dividend and a yield of 3.05%. Old Republic International's dividend payout ratio is currently 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.