HFG Advisors Inc. Acquires 639 Shares of Old Republic International Corporation (NYSE:ORI)

HFG Advisors Inc. increased its stake in shares of Old Republic International Corporation (NYSE:ORI) by 7.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,844 shares of the insurance provider’s stock after purchasing an additional 639 shares during the quarter. HFG Advisors Inc.’s holdings in Old Republic International were worth $347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its holdings in shares of Old Republic International by 0.4% in the first quarter. State of Alaska Department of Revenue now owns 194,922 shares of the insurance provider’s stock worth $7,644,000 after purchasing an additional 730 shares during the last quarter. Dunhill Financial LLC acquired a new stake in shares of Old Republic International in the 1st quarter worth $37,000. Sagespring Wealth Partners LLC purchased a new stake in Old Republic International in the 1st quarter worth approximately $254,000. Trust Point Inc. boosted its stake in shares of Old Republic International by 17.8% during the 1st quarter. Trust Point Inc. now owns 8,068 shares of the insurance provider’s stock worth $316,000 after acquiring an additional 1,217 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC raised its stake in shares of Old Republic International by 7.3% during the 1st quarter. Cyndeo Wealth Partners LLC now owns 205,035 shares of the insurance provider’s stock worth $8,041,000 after buying an additional 13,976 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI stock opened at $36.85 on Wednesday. The firm has a fifty day moving average price of $37.60 and a 200 day moving average price of $37.02. The company has a market cap of $9.11 billion, a P/E ratio of 14.98 and a beta of 0.74. Old Republic International Corporation has a 12 month low of $29.83 and a 12 month high of $39.84. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.27.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Old Republic International had a return on equity of 20.99% and a net margin of 9.37%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Sell-side analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were issued a $0.29 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a yield of 3.15%. Old Republic International’s payout ratio is 47.15%.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 35,755 shares in the company, valued at approximately $1,336,521.90. This represents a 22.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ORI. Piper Sandler set a $42.00 price target on shares of Old Republic International in a research report on Friday, April 25th. Raymond James Financial set a $42.00 price objective on shares of Old Republic International and gave the company an “outperform” rating in a report on Monday, April 28th. Finally, Wall Street Zen cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday.

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.