5,000 Shares in Old Republic International Co. (NYSE:ORI) Purchased by Curat Global LLC

Curat Global LLC purchased a new position in shares of Old Republic International Co. (NYSE:ORI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,000 shares of the insurance provider’s stock, valued at approximately $196,000.

Several other hedge funds have also recently modified their holdings of the stock. Bank & Trust Co raised its position in shares of Old Republic International by 3.1% during the 1st quarter. Bank & Trust Co now owns 93,980 shares of the insurance provider’s stock worth $3,686,000 after purchasing an additional 2,819 shares during the last quarter. Merit Financial Group LLC raised its position in shares of Old Republic International by 336.1% during the 1st quarter. Merit Financial Group LLC now owns 24,982 shares of the insurance provider’s stock worth $980,000 after purchasing an additional 19,254 shares during the last quarter. Affiance Financial LLC acquired a new position in shares of Old Republic International during the 1st quarter worth about $204,000. NBC Securities Inc. raised its position in shares of Old Republic International by 107,491.3% during the 1st quarter. NBC Securities Inc. now owns 24,746 shares of the insurance provider’s stock worth $970,000 after purchasing an additional 24,723 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Old Republic International by 4,738.8% during the 1st quarter. GAMMA Investing LLC now owns 216,730 shares of the insurance provider’s stock worth $8,500,000 after purchasing an additional 212,251 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Trading Down 0.2%

ORI opened at $37.33 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The company’s 50 day simple moving average is $37.64 and its two-hundred day simple moving average is $37.12. Old Republic International Co. has a 1-year low of $29.51 and a 1-year high of $39.84. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 14.19 and a beta of 0.74.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.11%. Old Republic International’s dividend payout ratio is currently 47.15%.

Analysts Set New Price Targets

ORI has been the subject of a number of recent research reports. Raymond James set a $42.00 price objective on shares of Old Republic International and gave the company an “outperform” rating in a report on Monday, April 28th. Wall Street Zen raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Finally, Piper Sandler set a $42.00 target price on shares of Old Republic International in a research note on Friday, April 25th.

Insider Transactions at Old Republic International

In other news, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the sale, the vice president now owns 46,556 shares in the company, valued at $1,699,294. This trade represents a 37.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carolyn Monroe sold 10,601 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the sale, the senior vice president now owns 35,755 shares of the company’s stock, valued at $1,336,521.90. This represents a 22.87% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.