Signaturefd LLC lifted its holdings in shares of Old Republic International Co. (NYSE:ORI – Free Report) by 35.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,390 shares of the insurance provider’s stock after buying an additional 1,420 shares during the period. Signaturefd LLC’s holdings in Old Republic International were worth $135,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of ORI. State Street Corp grew its position in Old Republic International by 6.6% in the 3rd quarter. State Street Corp now owns 25,907,464 shares of the insurance provider’s stock worth $542,243,000 after purchasing an additional 1,601,571 shares during the last quarter. Victory Capital Management Inc. grew its position in Old Republic International by 9.0% in the 4th quarter. Victory Capital Management Inc. now owns 13,954,258 shares of the insurance provider’s stock worth $337,348,000 after purchasing an additional 1,147,189 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Old Republic International by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,798,271 shares of the insurance provider’s stock worth $188,329,000 after purchasing an additional 303,257 shares during the last quarter. Hamlin Capital Management LLC grew its position in Old Republic International by 3.2% in the 1st quarter. Hamlin Capital Management LLC now owns 4,846,529 shares of the insurance provider’s stock worth $121,018,000 after purchasing an additional 152,194 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Old Republic International by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 4,690,892 shares of the insurance provider’s stock worth $113,542,000 after purchasing an additional 96,781 shares during the last quarter. Institutional investors own 70.66% of the company’s stock.
Analyst Ratings Changes
ORI has been the subject of a number of research analyst reports. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Piper Sandler initiated coverage on shares of Old Republic International in a research note on Wednesday, May 17th. They issued a “neutral” rating and a $27.00 price target for the company.
Old Republic International Stock Up 0.4 %
Old Republic International (NYSE:ORI – Get Free Report) last issued its quarterly earnings results on Thursday, April 27th. The insurance provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. Old Republic International had a net margin of 7.60% and a return on equity of 13.55%. On average, research analysts predict that Old Republic International Co. will post 2.4 EPS for the current fiscal year.
Old Republic International Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Monday, June 5th were issued a dividend of $0.244 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, June 2nd. Old Republic International’s payout ratio is 49.75%.
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 the Republic Financial Indemnity Group Run-off Business.
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