Stephens Inc. AR Boosts Stock Position in Old Republic International Corporation $ORI

Stephens Inc. AR boosted its position in Old Republic International Corporation (NYSE:ORI) by 33.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 253,824 shares of the insurance provider’s stock after purchasing an additional 64,129 shares during the quarter. Stephens Inc. AR’s holdings in Old Republic International were worth $10,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Old Republic International by 30.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock worth $477,000 after buying an additional 2,867 shares in the last quarter. NewEdge Advisors LLC boosted its position in Old Republic International by 121.9% during the first quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock worth $944,000 after acquiring an additional 13,224 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Old Republic International by 122.1% in the 1st quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock worth $178,000 after acquiring an additional 2,493 shares during the period. Goldman Sachs Group Inc. grew its stake in Old Republic International by 10.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock worth $62,480,000 after acquiring an additional 148,891 shares during the period. Finally, Sivia Capital Partners LLC raised its holdings in Old Republic International by 31.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 2,028 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Trading Up 1.6%

Shares of ORI traded up $0.66 during trading hours on Tuesday, hitting $42.23. The stock had a trading volume of 94,468 shares, compared to its average volume of 1,756,471. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market cap of $10.25 billion, a P/E ratio of 11.33 and a beta of 0.58. The company’s fifty day simple moving average is $39.28 and its 200 day simple moving average is $40.92. Old Republic International Corporation has a 12-month low of $35.60 and a 12-month high of $46.76.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. Old Republic International’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. Equities research analysts forecast that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a dividend of $0.315 per share. The ex-dividend date was Friday, June 5th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. Old Republic International’s payout ratio is presently 33.78%.

Analyst Upgrades and Downgrades

ORI has been the topic of a number of recent analyst reports. Weiss Ratings lowered Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, March 27th. Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Piper Sandler increased their target price on Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Raymond James Financial set a $44.00 price target on Old Republic International in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.00.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 13,330 shares of Old Republic International stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total transaction of $516,670.80. Following the transaction, the senior vice president directly owned 32,261 shares of the company’s stock, valued at $1,250,436.36. The trade was a 29.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.32% of the company’s stock.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.