Allianz Asset Management GmbH Has $21 Million Stake in Old Republic International Corporation (NYSE:ORI)

Allianz Asset Management GmbH increased its stake in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 8.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,318 shares of the insurance provider's stock after purchasing an additional 43,697 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.22% of Old Republic International worth $20,995,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Summit Financial LLC boosted its position in Old Republic International by 6.1% during the 4th quarter. Summit Financial LLC now owns 6,017 shares of the insurance provider's stock worth $218,000 after buying an additional 347 shares during the period. Penbrook Management LLC raised its stake 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 valued at $333,000 after acquiring an additional 400 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Old Republic International by 4.5% during the fourth quarter. Advisory Services Network LLC now owns 9,452 shares of the insurance provider's stock worth $342,000 after purchasing an additional 404 shares during the period. Huntington National Bank lifted its holdings in shares of Old Republic International by 34.8% during the fourth quarter. Huntington National Bank now owns 1,737 shares of the insurance provider's stock worth $63,000 after purchasing an additional 448 shares during the period. Finally, NDVR Inc. increased its holdings in Old Republic International by 7.6% in the fourth quarter. NDVR Inc. now owns 7,516 shares of the insurance provider's stock valued at $272,000 after purchasing an additional 534 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the sale, the senior vice president directly owned 35,755 shares of the company's stock, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on ORI. Piper Sandler reduced their price target on Old Republic International from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Friday. Wall Street Zen lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Raymond James Financial set a $42.00 price objective on shares of Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th.

Old Republic International Trading Up 0.3%

Shares of NYSE:ORI traded up $0.10 during midday trading on Friday, reaching $35.84. The company's stock had a trading volume of 1,994,775 shares, compared to its average volume of 1,592,913. Old Republic International Corporation has a fifty-two week low of $32.93 and a fifty-two week high of $39.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.24 and a current ratio of 0.63. The firm has a 50 day moving average price of $37.42 and a two-hundred day moving average price of $37.17. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 12.27 and a beta of 0.73.

Old Republic International (NYSE:ORI - Get Free Report) last issued its earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%. Old Republic International's revenue was up 10.1% on a year-over-year basis. As a group, analysts forecast 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 announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.24%. Old Republic International's payout ratio is presently 47.15%.

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.