Old Republic International Corporation (NYSE:ORI) Stake Boosted by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. increased its position in shares of Old Republic International Corporation (NYSE:ORI) by 4.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,888 shares of the insurance provider’s stock after purchasing an additional 886 shares during the quarter. Klein Pavlis & Peasley Financial Inc.’s holdings in Old Republic International were worth $907,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Old Republic International by 4.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 590,079 shares of the insurance provider’s stock worth $23,143,000 after purchasing an additional 23,775 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Old Republic International by 304.7% during the first quarter. Farther Finance Advisors LLC now owns 15,319 shares of the insurance provider’s stock worth $607,000 after purchasing an additional 11,534 shares during the last quarter. GAMMA Investing LLC lifted its stake in Old Republic International by 4,738.8% during the first quarter. GAMMA Investing LLC now owns 216,730 shares of the insurance provider’s stock worth $8,500,000 after purchasing an additional 212,251 shares during the last quarter. Bank of New York Mellon Corp increased its position in Old Republic International by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider’s stock worth $114,453,000 after buying an additional 100,264 shares during the period. Finally, Merit Financial Group LLC increased its position in Old Republic International by 336.1% in the first quarter. Merit Financial Group LLC now owns 24,982 shares of the insurance provider’s stock worth $980,000 after buying an additional 19,254 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler dropped their target price on Old Republic International from $42.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, July 25th. Wall Street Zen lowered Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Raymond James Financial set a $42.00 target price on Old Republic International and gave the stock an “outperform” rating in a research report on Monday, April 28th.

Old Republic International Price Performance

Shares of NYSE ORI opened at $35.88 on Friday. Old Republic International Corporation has a 1-year low of $33.00 and a 1-year high of $39.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.24. The business’s fifty day moving average price is $37.20 and its two-hundred day moving average price is $37.25. The firm has a market capitalization of $8.87 billion, a PE ratio of 12.29 and a beta of 0.73.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The company 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 firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, research analysts expect that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Dividend Announcement

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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis 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 39.73%.

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.