Cozad Asset Management Inc. Acquires 3,004 Shares of Old Republic International Corporation (NYSE:ORI)

Cozad Asset Management Inc. grew its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,264 shares of the insurance provider’s stock after purchasing an additional 3,004 shares during the quarter. Cozad Asset Management Inc.’s holdings in Old Republic International were worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in shares of Old Republic International by 1.8% during the 1st quarter. Venturi Wealth Management LLC now owns 19,055 shares of the insurance provider’s stock worth $747,000 after purchasing an additional 340 shares during the period. Summit Financial LLC boosted its position in shares of Old Republic International by 6.1% during the 4th quarter. Summit Financial LLC now owns 6,017 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 347 shares in the last quarter. Penbrook Management LLC boosted its position in shares of Old Republic International by 5.0% during the 1st quarter. Penbrook Management LLC now owns 8,480 shares of the insurance provider’s stock valued at $333,000 after acquiring an additional 400 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Old Republic International by 4.5% during the 4th quarter. Advisory Services Network LLC now owns 9,452 shares of the insurance provider’s stock valued at $342,000 after acquiring an additional 404 shares in the last quarter. Finally, Huntington National Bank boosted its position in shares of Old Republic International by 34.8% during the 4th quarter. Huntington National Bank now owns 1,737 shares of the insurance provider’s stock valued at $63,000 after acquiring an additional 448 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the transaction, the senior vice president directly owned 35,755 shares of the company’s stock, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

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

Old Republic International Price Performance

NYSE:ORI opened at $36.31 on Wednesday. The firm has a market cap of $8.97 billion, a PE ratio of 12.43 and a beta of 0.73. Old Republic International Corporation has a 12 month low of $33.00 and a 12 month high of $39.84. The company has a quick ratio of 0.24, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $37.28 and its two-hundred day moving average price is $37.23.

Old Republic International (NYSE:ORI) last released 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 firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, equities analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were given 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 3.20%. Old Republic International’s dividend payout ratio (DPR) is presently 39.73%.

Old Republic International 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.