Old Republic International Corporation (NYSE:ORI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 16.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,716 shares of the insurance provider's stock after selling 12,000 shares during the quarter. Nisa Investment Advisors LLC's holdings in Old Republic International were worth $2,342,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. HWG Holdings LP purchased a new stake in Old Republic International in the first quarter valued at about $25,000. Alpine Bank Wealth Management acquired a new stake in Old Republic International in the first quarter valued at approximately $31,000. Wayfinding Financial LLC acquired a new stake in Old Republic International in the first quarter valued at approximately $34,000. Transce3nd LLC acquired a new stake in Old Republic International in the fourth quarter valued at approximately $41,000. Finally, Millstone Evans Group LLC acquired a new stake in Old Republic International in the fourth quarter valued at approximately $41,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Carolyn Monroe sold 10,601 shares of the 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 transaction, the senior vice president owned 35,755 shares in the company, valued at approximately $1,336,521.90. This represents a 22.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ORI shares. Raymond James Financial set a $42.00 price target on Old Republic International and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen lowered Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Piper Sandler set a $42.00 price target on Old Republic International in a research note on Friday, April 25th.

Old Republic International Trading Down 0.6%

Old Republic International stock traded down $0.23 during trading on Thursday, reaching $36.50. 181,164 shares of the company were exchanged, compared to its average volume of 1,216,221. The company has a market capitalization of $9.02 billion, a P/E ratio of 14.82 and a beta of 0.73. Old Republic International Corporation has a 52-week low of $31.78 and a 52-week high of $39.84. The stock's 50 day simple moving average is $37.58 and its two-hundred day simple moving average is $37.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.24 and a quick ratio of 0.24.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. The business's quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 annualized dividend and a yield of 3.18%. Old Republic International's dividend payout ratio (DPR) is 47.15%.

About Old Republic International

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.