Applied Capital LLC FL Increases Position in Old Republic International Corporation (NYSE:ORI)

Applied Capital LLC FL raised its holdings in Old Republic International Corporation (NYSE:ORI) by 22.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 33,303 shares of the insurance provider’s stock after acquiring an additional 6,088 shares during the period. Applied Capital LLC FL’s holdings in Old Republic International were worth $1,306,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in ORI. Jones Financial Companies Lllp boosted its holdings in Old Republic International by 32.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,041 shares of the insurance provider’s stock valued at $74,000 after purchasing an additional 500 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Old Republic International by 7.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,707 shares of the insurance provider’s stock valued at $315,000 after purchasing an additional 583 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Old Republic International in the fourth quarter valued at $3,573,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Old Republic International by 1.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,881 shares of the insurance provider’s stock worth $2,276,000 after acquiring an additional 1,180 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of Old Republic International by 2.2% in the fourth quarter. Moors & Cabot Inc. now owns 23,030 shares of the insurance provider’s stock worth $833,000 after acquiring an additional 500 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 10,601 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the transaction, the senior vice president owned 35,755 shares in the company, valued at $1,336,521.90. This represents a 22.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Old Republic International Stock Down 0.1%

ORI opened at $36.60 on Friday. Old Republic International Corporation has a twelve month low of $31.17 and a twelve month high of $39.84. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $37.66 and a 200 day moving average price of $37.12. The company has a market cap of $9.05 billion, a PE ratio of 14.88 and a beta of 0.73.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.08. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were given a dividend of $0.29 per share. The ex-dividend date was Friday, June 6th. This represents a $1.16 annualized dividend and a dividend yield of 3.17%. Old Republic International’s dividend payout ratio (DPR) is presently 47.15%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ORI shares. Raymond James Financial set a $42.00 price objective on shares of Old Republic International and gave the stock an “outperform” rating in a research report on Monday, April 28th. Wall Street Zen downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Piper Sandler set a $42.00 price objective on shares of Old Republic International in a research report on Friday, April 25th.

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.