Simon Quick Advisors LLC Purchases Shares of 7,698 Old Republic International Corporation (NYSE:ORI)

Simon Quick Advisors LLC acquired a new stake in Old Republic International Corporation (NYSE:ORI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,698 shares of the insurance provider's stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairway Wealth LLC acquired a new position in Old Republic International in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Old Republic International in the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC purchased a new stake in Old Republic International during the 4th quarter worth approximately $41,000. Millstone Evans Group LLC acquired a new stake in Old Republic International during the 4th quarter worth approximately $41,000. Finally, Transce3nd LLC acquired a new stake in Old Republic International during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 70.92% of the company's stock.

Old Republic International Trading Up 0.4%

NYSE:ORI traded up $0.14 during trading hours on Wednesday, reaching $37.01. 587,365 shares of the company were exchanged, compared to its average volume of 1,207,272. Old Republic International Corporation has a 52-week low of $29.83 and a 52-week high of $39.84. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 15.04 and a beta of 0.74. 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 simple moving average of $37.60 and a 200 day simple moving average of $37.02.

Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share 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 company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. The firm's quarterly revenue was up 11.4% compared to the same quarter last year. As a group, analysts predict that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a yield of 3.13%. Old Republic International's dividend payout ratio is currently 47.15%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 10,601 shares of the firm's stock in a transaction that occurred on 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 now owns 35,755 shares of the company's stock, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

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.