Old Republic International Corporation $ORI Holdings Boosted by North Star Investment Management Corp.

North Star Investment Management Corp. raised its position in Old Republic International Corporation (NYSE:ORI) by 2.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 799,237 shares of the insurance provider’s stock after acquiring an additional 18,229 shares during the quarter. Old Republic International makes up about 1.9% of North Star Investment Management Corp.’s holdings, making the stock its 9th largest holding. North Star Investment Management Corp.’s holdings in Old Republic International were worth $31,890,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Old Republic International by 30.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock worth $477,000 after acquiring an additional 2,867 shares during the period. NewEdge Advisors LLC increased its stake in shares of Old Republic International by 121.9% during the first quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock worth $944,000 after acquiring an additional 13,224 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Old Republic International by 122.1% during the first quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock worth $178,000 after acquiring an additional 2,493 shares during the period. Goldman Sachs Group Inc. raised its holdings in Old Republic International by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock worth $62,480,000 after purchasing an additional 148,891 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in Old Republic International by 31.8% during the second quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 2,028 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Down 0.2%

ORI opened at $41.16 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 11.04 and a beta of 0.60. Old Republic International Corporation has a one year low of $35.60 and a one year high of $46.76. The business’s fifty day moving average is $39.33 and its two-hundred day moving average is $41.06.

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

Old Republic International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, June 5th. Old Republic International’s dividend payout ratio (DPR) is 33.78%.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 13,330 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the sale, the senior vice president owned 32,261 shares of the company’s stock, valued at $1,250,436.36. This represents a 29.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

Analyst Ratings Changes

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

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. 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.