Universal Beteiligungs und Servicegesellschaft mbH Invests $2.56 Million in Old Republic International Corporation (NYSE:ORI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in Old Republic International Corporation, purchasing 65,244 shares valued at approximately $2,559,000.
• Old Republic International recently reported a quarterly earnings per share of $0.83, surpassing analysts' expectations, with revenue increasing 10.1% year-over-year.
• The company's latest quarterly dividend announced was $0.29, leading to an annualized dividend yield of 3.20%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Old Republic International Corporation (NYSE:ORI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 65,244 shares of the insurance provider's stock, valued at approximately $2,559,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new position in Old Republic International in the first quarter valued at $25,000. Alpine Bank Wealth Management bought a new stake in shares of Old Republic International during the 1st quarter valued at approximately $31,000. Wayfinding Financial LLC bought a new stake in shares of Old Republic International during the 1st quarter valued at approximately $34,000. Transce3nd LLC acquired a new stake in Old Republic International during the 4th quarter worth approximately $41,000. Finally, Huntington National Bank lifted its position in shares of Old Republic International by 34.8% in the 4th 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. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of Old Republic International stock traded down $0.29 on Friday, reaching $35.88. The company's stock had a trading volume of 1,220,295 shares, compared to its average volume of 1,334,287. The company has a market capitalization of $8.87 billion, a P/E ratio of 12.29 and a beta of 0.73. Old Republic International Corporation has a 52-week low of $33.00 and a 52-week high of $39.84. The stock has a 50-day moving average price of $37.23 and a 200-day moving average price of $37.24. The company has a quick ratio of 0.24, a current ratio of 0.63 and a debt-to-equity ratio of 0.26.

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

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, June 6th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is currently 39.73%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Raymond James Financial set a $42.00 target price on shares of Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th. Piper Sandler decreased their price target on shares of Old Republic International from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, July 25th. Finally, Wall Street Zen cut shares of Old Republic International from a "buy" rating to a "hold" rating in a 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.