SG Americas Securities LLC Decreases Stake in Old Republic International Corporation $ORI

SG Americas Securities LLC lowered its stake in Old Republic International Corporation (NYSE:ORI) by 72.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 19,055 shares of the insurance provider’s stock after selling 49,185 shares during the period. SG Americas Securities LLC’s holdings in Old Republic International were worth $760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Forty three Eighteen Advisors LLC purchased a new position in shares of Old Republic International in the fourth quarter worth $2,126,000. Rockefeller Capital Management L.P. raised its holdings in Old Republic International by 2.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 14,388 shares of the insurance provider’s stock valued at $657,000 after buying an additional 323 shares during the last quarter. World Investment Advisors boosted its position in Old Republic International by 42.9% during the 4th quarter. World Investment Advisors now owns 13,194 shares of the insurance provider’s stock valued at $602,000 after buying an additional 3,963 shares during the period. Nalls Sherbakoff Group LLC purchased a new position in shares of Old Republic International in the fourth quarter valued at about $92,000. Finally, Corient Private Wealth LLC raised its stake in shares of Old Republic International by 19.1% during the fourth quarter. Corient Private Wealth LLC now owns 101,632 shares of the insurance provider’s stock valued at $4,640,000 after acquiring an additional 16,319 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Up 0.9%

ORI opened at $41.95 on Tuesday. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 11.28 and a beta of 0.58. The firm has a 50 day moving average price of $39.28 and a 200-day moving average price of $40.92. Old Republic International Corporation has a twelve month low of $35.60 and a twelve month 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 for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $2.40 billion for 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%. Old Republic International’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Equities research analysts forecast that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, June 5th. Old Republic International’s dividend payout ratio (DPR) is presently 33.78%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ORI shares. Weiss Ratings cut 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 objective on Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Raymond James Financial set a $44.00 target price on shares of Old Republic International in a report on Monday, April 27th. Finally, Zacks Research raised shares of Old Republic International from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 13,330 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $38.76, for a total transaction of $516,670.80. Following the completion of the sale, the senior vice president directly owned 32,261 shares in the company, valued at $1,250,436.36. The trade was a 29.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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.

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. 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.