Woodmont Investment Counsel LLC Acquires 1,987 Shares of Old Republic International Co. (NYSE:ORI)

Woodmont Investment Counsel LLC raised its holdings in Old Republic International Co. (NYSE:ORI) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,464 shares of the insurance provider’s stock after purchasing an additional 1,987 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Old Republic International were worth $3,762,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB increased its stake in shares of Old Republic International by 12.7% in the 4th quarter. Nordea Investment Management AB now owns 436,420 shares of the insurance provider’s stock valued at $12,826,000 after buying an additional 49,329 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Old Republic International during the fourth quarter worth $980,000. Alaska Permanent Fund Corp lifted its holdings in Old Republic International by 9.2% during the fourth quarter. Alaska Permanent Fund Corp now owns 436,716 shares of the insurance provider’s stock worth $12,839,000 after acquiring an additional 36,754 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Old Republic International during the fourth quarter worth about $3,421,000. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Old Republic International by 92.2% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 93,599 shares of the insurance provider’s stock worth $2,522,000 after acquiring an additional 44,895 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Stock Up 0.7 %

Shares of Old Republic International stock traded up $0.20 during trading on Tuesday, reaching $30.71. The stock had a trading volume of 690,063 shares, compared to its average volume of 1,640,811. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 11.87 and a beta of 0.83. The stock has a fifty day moving average price of $30.85 and a two-hundred day moving average price of $29.81. Old Republic International Co. has a 52 week low of $24.75 and a 52 week high of $32.26. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. Sell-side analysts predict that Old Republic International Co. will post 2.73 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, June 4th were issued a dividend of $0.265 per share. The ex-dividend date was Tuesday, June 4th. This represents a $1.06 annualized dividend and a yield of 3.45%. Old Republic International’s payout ratio is presently 41.25%.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 4,503 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $31.28, for a total transaction of $140,853.84. Following the transaction, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,049,631.68. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Therace Risch purchased 6,086 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was acquired at an average cost of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the purchase, the director now owns 6,086 shares in the company, valued at approximately $181,180.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carolyn Monroe sold 4,503 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $31.28, for a total value of $140,853.84. Following the completion of the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,049,631.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,172 shares of company stock worth $282,286. Corporate insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on ORI shares. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Piper Sandler boosted their price target on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 1st.

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.