Old Republic International Corporation $ORI Stake Cut by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. cut its position in shares of Old Republic International Corporation (NYSE:ORI) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 323,667 shares of the insurance provider’s stock after selling 19,815 shares during the quarter. Crawford Investment Counsel Inc. owned 0.13% of Old Republic International worth $14,772,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its stake in Old Republic International by 1.8% during the fourth quarter. Captrust Financial Advisors now owns 3,256,162 shares of the insurance provider’s stock worth $148,611,000 after purchasing an additional 58,624 shares during the last quarter. &PARTNERS bought a new position in Old Republic International during the fourth quarter worth $294,000. Blair William & Co. IL lifted its stake in Old Republic International by 4.3% during the fourth quarter. Blair William & Co. IL now owns 36,194 shares of the insurance provider’s stock worth $1,652,000 after purchasing an additional 1,487 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Old Republic International by 1.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 83,745 shares of the insurance provider’s stock worth $3,822,000 after purchasing an additional 1,187 shares during the last quarter. Finally, MML Investors Services LLC bought a new position in Old Republic International during the fourth quarter worth $264,000. 70.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Piper Sandler raised their target price on Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings cut shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 27th. Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial set a $44.00 target price on shares of Old Republic International in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Old Republic International Price Performance

Shares of NYSE ORI opened at $39.07 on Wednesday. The stock has a market cap of $9.49 billion, a P/E ratio of 10.47 and a beta of 0.59. The firm’s 50-day simple moving average is $39.57 and its 200 day simple moving average is $41.34. Old Republic International Corporation has a fifty-two week low of $35.60 and a fifty-two week high of $46.76. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. Equities analysts expect that Old Republic International Corporation will post 2.95 EPS for the current year.

Old Republic International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.26 annualized dividend and a yield of 3.2%. Old Republic International’s dividend payout ratio (DPR) is presently 33.78%.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 13,330 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total transaction of $516,670.80. Following the transaction, the senior vice president owned 32,261 shares of the company’s stock, valued at approximately $1,250,436.36. This trade represents a 29.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.32% of the company’s stock.

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. 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.