Trust Co. of Toledo NA OH Purchases New Holdings in Old Republic International Corporation $ORI

Trust Co. of Toledo NA OH bought a new stake in Old Republic International Corporation (NYSE:ORI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,563 shares of the insurance provider’s stock, valued at approximately $60,000.

A number of other institutional investors have also modified their holdings of ORI. Wealth Enhancement Advisory Services LLC increased its stake in Old Republic International by 4.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 590,079 shares of the insurance provider’s stock valued at $23,143,000 after buying an additional 23,775 shares during the period. Farther Finance Advisors LLC increased its stake in Old Republic International by 304.7% in the 1st quarter. Farther Finance Advisors LLC now owns 15,319 shares of the insurance provider’s stock valued at $607,000 after buying an additional 11,534 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Old Republic International by 3.6% during 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 acquiring an additional 100,264 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Old Republic International by 28.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 304,140 shares of the insurance provider’s stock worth $11,928,000 after acquiring an additional 67,971 shares during the period. Finally, Wealthstar Advisors LLC acquired a new position in shares of Old Republic International during the first quarter worth about $327,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Activity at Old Republic International

In related news, EVP Stephen J. Oberst sold 4,797 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $39.29, for a total transaction of $188,474.13. Following the sale, the executive vice president owned 54,661 shares of the company’s stock, valued at $2,147,630.69. This trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Therace Risch acquired 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were bought at an average cost of $39.90 per share, for a total transaction of $59,850.00. Following the purchase, the director owned 9,625 shares of the company’s stock, valued at approximately $384,037.50. The trade was a 18.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ORI has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday, October 8th. Piper Sandler upped their price objective on Old Republic International from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Wall Street Zen lowered Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $43.00 to $47.00 in a research note on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus price target of $47.00.

Old Republic International Stock Up 0.2%

ORI stock opened at $43.16 on Monday. The company’s 50 day simple moving average is $40.16 and its 200-day simple moving average is $38.39. The firm has a market capitalization of $10.72 billion, a PE ratio of 14.78 and a beta of 0.76. Old Republic International Corporation has a 12 month low of $33.00 and a 12 month high of $44.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25.

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 the consensus estimate of $0.79 by $0.04. The business 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 quarterly revenue was up 10.1% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, September 5th. Old Republic International’s dividend payout ratio is 39.73%.

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.