Public Employees Retirement System of Ohio purchased a new stake in Old Republic International Corporation (NYSE:ORI – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 69,762 shares of the insurance provider’s stock, valued at approximately $2,855,000.
Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its stake in shares of Old Republic International by 28.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 222 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Old Republic International by 5.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 5,421 shares of the insurance provider’s stock valued at $247,000 after buying an additional 257 shares in the last quarter. Waverly Advisors LLC increased its holdings in Old Republic International by 2.3% during the first quarter. Waverly Advisors LLC now owns 12,760 shares of the insurance provider’s stock worth $509,000 after buying an additional 288 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Old Republic International by 1.1% during the first quarter. Pacer Advisors Inc. now owns 27,033 shares of the insurance provider’s stock worth $1,079,000 after buying an additional 293 shares during the last quarter. Finally, Mainsail Asset Management LLC raised its position in Old Republic International by 5.9% during the fourth quarter. Mainsail Asset Management LLC now owns 5,389 shares of the insurance provider’s stock worth $246,000 after acquiring an additional 300 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors.
Insider Transactions at Old Republic International
In related news, EVP Stephen Oberst sold 13,125 shares of Old Republic International stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $43.96, for a total transaction of $576,975.00. Following the completion of the sale, the executive vice president directly owned 82,205 shares of the company’s stock, valued at approximately $3,613,731.80. This trade represents a 13.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jeffrey Lange sold 14,075 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $43.76, for a total value of $615,922.00. Following the completion of the sale, the senior vice president owned 12,244 shares of the company’s stock, valued at $535,797.44. This trade represents a 53.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 33,374 shares of company stock worth $1,452,714. Company insiders own 1.32% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on ORI
Old Republic International Stock Performance
NYSE ORI opened at $41.37 on Friday. The stock has a market cap of $9.99 billion, a PE ratio of 9.78 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a 50-day moving average of $42.21 and a 200-day moving average of $40.79. Old Republic International Corporation has a 52-week low of $36.65 and a 52-week high of $46.76.
Old Republic International (NYSE:ORI – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.38 billion. Old Republic International had a net margin of 11.71% and a return on equity of 15.41%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. On average, sell-side analysts anticipate that Old Republic International Corporation will post 2.91 EPS for the current year.
Old Republic International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a $0.315 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.26 annualized dividend and a dividend yield of 3.0%. Old Republic International’s dividend payout ratio is presently 29.79%.
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. 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.
See Also
- Five stocks we like better than Old Republic International
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.
