Dubuque Bank & Trust Co. bought a new stake in shares of Old Republic International (NYSE:ORI) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,796 shares of the insurance provider’s stock, valued at approximately $103,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wedge Capital Management L L P NC lifted its holdings in shares of Old Republic International by 6.4% during the first quarter. Wedge Capital Management L L P NC now owns 44,024 shares of the insurance provider’s stock valued at $944,000 after purchasing an additional 2,658 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Old Republic International by 1.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 200,897 shares of the insurance provider’s stock worth $4,295,000 after acquiring an additional 2,713 shares in the last quarter. Amalgamated Bank lifted its stake in Old Republic International by 6.0% in the 4th quarter. Amalgamated Bank now owns 49,302 shares of the insurance provider’s stock worth $1,054,000 after acquiring an additional 2,787 shares in the last quarter. Advisor Group Inc. lifted its stake in Old Republic International by 6.5% in the 4th quarter. Advisor Group Inc. now owns 50,151 shares of the insurance provider’s stock worth $1,073,000 after acquiring an additional 3,073 shares in the last quarter. Finally, State Treasurer State of Michigan lifted its stake in Old Republic International by 3.5% in the 1st quarter. State Treasurer State of Michigan now owns 91,327 shares of the insurance provider’s stock worth $1,959,000 after acquiring an additional 3,100 shares in the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.
Shares of Old Republic International opened at $21.23 on Friday, Marketbeat.com reports. The stock has a market capitalization of $6.41 billion, a P/E ratio of 19.13 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.47 and a quick ratio of 0.47. Old Republic International has a 1 year low of $17.92 and a 1 year high of $22.34.
Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, April 26th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Old Republic International had a return on equity of 6.80% and a net margin of 7.34%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. research analysts forecast that Old Republic International will post 1.7 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, June 5th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Monday, June 4th. Old Republic International’s payout ratio is currently 70.27%.
ORI has been the subject of several research analyst reports. ValuEngine downgraded Old Republic International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. JMP Securities raised Old Republic International from a “market perform” rating to an “outperform” rating in a research note on Monday, February 12th. Finally, Zacks Investment Research downgraded Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Old Republic International has an average rating of “Hold” and a consensus target price of $24.00.
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. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
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