Old Republic International Corporation (NYSE:ORI) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 304,140 shares of the insurance provider's stock after buying an additional 67,971 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.12% of Old Republic International worth $11,928,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. HWG Holdings LP purchased a new stake in Old Republic International in the 1st quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in Old Republic International in the 4th quarter valued at about $29,000. Alpine Bank Wealth Management acquired a new stake in Old Republic International in the 1st quarter valued at about $31,000. SBI Securities Co. Ltd. acquired a new stake in Old Republic International in the 4th quarter valued at about $34,000. Finally, Dunhill Financial LLC acquired a new stake in Old Republic International in the 1st quarter valued at about $37,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Trading Up 0.8%

ORI opened at $38.13 on Monday. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 15.50 and a beta of 0.74. Old Republic International Corporation has a 52 week low of $29.83 and a 52 week high of $39.84. The business's 50 day moving average is $37.62 and its two-hundred day moving average is $37.03. 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 (NYSE:ORI - Get Free Report) last released 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 return on equity of 20.99% and a net margin of 9.37%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. The company's revenue for the quarter was up 11.4% on a year-over-year basis. On average, research analysts predict that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were given a dividend of $0.29 per share. The ex-dividend date was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a yield of 3.04%. Old Republic International's payout ratio is 47.15%.

Insider Activity

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 completion of the sale, the senior vice president now directly owns 35,755 shares in the company, valued at $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Raymond James Financial 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. Piper Sandler set a $42.00 price target on Old Republic International in a research report on Friday, April 25th. Finally, Wall Street Zen raised Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday.

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.

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