Old Republic International Corporation (NYSE:ORI) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in Old Republic International Corporation (NYSE:ORI - Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 466,700 shares of the insurance provider's stock after selling 16,300 shares during the quarter. Swiss National Bank owned about 0.19% of Old Republic International worth $18,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new position in Old Republic International in the 1st quarter valued at about $25,000. Alpine Bank Wealth Management acquired a new position in Old Republic International in the 1st quarter valued at about $31,000. Wayfinding Financial LLC acquired a new position in Old Republic International in the 1st quarter valued at about $34,000. N.E.W. Advisory Services LLC acquired a new position in Old Republic International in the 1st quarter valued at about $35,000. Finally, Meeder Asset Management Inc. acquired a new position in Old Republic International in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Insider Activity

In other Old Republic International 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 value of $250,125.48. Following the sale, the senior vice president directly owned 35,755 shares of the company's stock, valued at $1,305,772.60. This trade represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company's stock.

Old Republic International Stock Down 0.1%

Shares of NYSE ORI traded down $0.05 during trading on Friday, reaching $38.66. 2,011,883 shares of the stock were exchanged, compared to its average volume of 1,470,201. The business's 50-day moving average price is $37.19 and its 200 day moving average price is $37.35. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $39.84. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of 13.24 and a beta of 0.74.

Old Republic International (NYSE:ORI - Get Free Report) last posted its earnings results on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. The business had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. Old Republic International's revenue was up 10.1% on a year-over-year basis. As a group, equities analysts forecast that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.0%. Old Republic International's dividend payout ratio is currently 39.73%.

Analyst Upgrades and Downgrades

ORI has been the subject of several recent analyst reports. Piper Sandler lowered their price target 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. Raymond James Financial set a $42.00 price target on Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, Wall Street Zen lowered Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th.

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.