Old Republic International Corporation $ORI Stake Boosted by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Old Republic International Corporation by 13.2%, resulting in ownership of 122,518 shares valued at approximately $4.8 million.
• The company has announced a quarterly dividend of $0.29 per share, representing a 3.0% dividend yield with an ex-dividend date on September 5th.
• Old Republic International reported earnings of $0.83 per share for the last quarter, exceeding analyst expectations and indicating a 10.1% increase in revenue compared to the previous year.

Fuller & Thaler Asset Management Inc. increased its holdings in Old Republic International Corporation (NYSE:ORI - Free Report) by 13.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,518 shares of the insurance provider's stock after buying an additional 14,294 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Old Republic International were worth $4,805,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ORI. HWG Holdings LP bought a new position in Old Republic International in the 1st quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new position in Old Republic International in the 1st quarter worth approximately $31,000. Wayfinding Financial LLC bought a new position in Old Republic International in the 1st quarter worth approximately $34,000. N.E.W. Advisory Services LLC bought a new position in Old Republic International in the 1st quarter worth approximately $35,000. Finally, Meeder Asset Management Inc. bought a new position in Old Republic International in the 1st quarter worth approximately $36,000. 70.92% of the stock is owned by institutional investors.

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 6,849 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $36.52, for a total transaction of $250,125.48. Following the completion of the sale, the senior vice president owned 35,755 shares in the company, valued at approximately $1,305,772.60. This represents a 16.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

ORI has been the subject of a number of recent analyst reports. Piper Sandler decreased their price objective on Old Republic International from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, July 25th. Wall Street Zen lowered 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 target price on Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Old Republic International has an average rating of "Buy" and an average price target of $41.50.

Old Republic International Stock Performance

ORI opened at $39.2590 on Thursday. The company has a market capitalization of $9.75 billion, a price-to-earnings ratio of 13.44 and a beta of 0.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25. Old Republic International Corporation has a 1-year low of $33.00 and a 1-year high of $39.84. The business has a 50 day moving average price of $37.32 and a two-hundred day moving average price of $37.39.

Old Republic International (NYSE:ORI - Get Free Report) last released 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 firm 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%.The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts predict that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, September 5th. Old Republic International's dividend payout ratio is 39.73%.

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.

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