North Star Investment Management Corp. Acquires 18,229 Shares of Old Republic International Corporation $ORI

North Star Investment Management Corp. grew its holdings in Old Republic International Corporation (NYSE:ORI) by 2.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 799,237 shares of the insurance provider’s stock after purchasing an additional 18,229 shares during the quarter. Old Republic International accounts for about 1.9% of North Star Investment Management Corp.’s holdings, making the stock its 9th biggest holding. North Star Investment Management Corp. owned about 0.33% of Old Republic International worth $31,890,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in shares of Old Republic International by 230.6% during the fourth quarter. Bank of New York Mellon Corp now owns 11,852,387 shares of the insurance provider’s stock worth $540,943,000 after buying an additional 8,266,829 shares in the last quarter. AQR Capital Management LLC lifted its stake in Old Republic International by 30.7% in the third quarter. AQR Capital Management LLC now owns 7,553,963 shares of the insurance provider’s stock worth $319,155,000 after acquiring an additional 1,774,807 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Old Republic International by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,717,255 shares of the insurance provider’s stock worth $285,268,000 after acquiring an additional 116,549 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Old Republic International by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 4,181,149 shares of the insurance provider’s stock valued at $190,870,000 after purchasing an additional 72,857 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Old Republic International by 0.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,949,102 shares of the insurance provider’s stock valued at $170,364,000 after purchasing an additional 22,496 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Activity

In related 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 value of $516,670.80. Following the transaction, the senior vice president owned 32,261 shares in the company, valued at $1,250,436.36. The trade was a 29.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings lowered Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 27th. Raymond James Financial set a $44.00 price target on Old Republic International in a research note on Monday, April 27th. Finally, Zacks Research downgraded Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Old Republic International presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Old Republic International Stock Down 0.2%

ORI stock opened at $41.16 on Monday. The company has a fifty day moving average price of $39.33 and a 200 day moving average price of $41.06. Old Republic International Corporation has a 12 month low of $35.60 and a 12 month high of $46.76. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 11.04 and a beta of 0.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.23.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. Sell-side analysts expect that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Dividend Announcement

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

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.