Naples Global Advisors LLC grew its holdings in Old Republic International Co. (NYSE:ORI) by 11.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 43,829 shares of the insurance provider’s stock after buying an additional 4,525 shares during the period. Naples Global Advisors LLC’s holdings in Old Republic International were worth $917,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. State of Alaska Department of Revenue raised its holdings in Old Republic International by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 30,080 shares of the insurance provider’s stock worth $618,000 after purchasing an additional 583 shares in the last quarter. Manning & Napier Group LLC grew its position in Old Republic International by 1.9% during the first quarter. Manning & Napier Group LLC now owns 34,990 shares of the insurance provider’s stock worth $731,000 after buying an additional 660 shares during the period. Louisiana State Employees Retirement System grew its position in Old Republic International by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 76,200 shares of the insurance provider’s stock worth $1,594,000 after buying an additional 700 shares during the period. Whittier Trust Co. grew its position in Old Republic International by 38.3% during the fourth quarter. Whittier Trust Co. now owns 3,164 shares of the insurance provider’s stock worth $65,000 after buying an additional 876 shares during the period. Finally, Parallel Advisors LLC grew its position in Old Republic International by 55.8% during the fourth quarter. Parallel Advisors LLC now owns 2,751 shares of the insurance provider’s stock worth $56,000 after buying an additional 985 shares during the period. 73.22% of the stock is owned by institutional investors and hedge funds.
Shares of ORI stock traded up $0.13 during trading hours on Wednesday, hitting $22.71. The company’s stock had a trading volume of 1,456,700 shares, compared to its average volume of 1,538,335. The firm has a market capitalization of $6.77 billion, a PE ratio of 12.21 and a beta of 0.92. Old Republic International Co. has a twelve month low of $19.55 and a twelve month high of $23.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.47 and a quick ratio of 0.47.
Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, April 25th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.05. Old Republic International had a net margin of 11.87% and a return on equity of 10.66%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business earned $0.44 earnings per share. Old Republic International’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Old Republic International Co. will post 1.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Monday, June 3rd. Old Republic International’s dividend payout ratio is currently 43.01%.
ORI has been the topic of several recent analyst reports. TheStreet lowered shares of Old Republic International from a “b” rating to a “c+” rating in a research report on Thursday, January 24th. Zacks Investment Research upgraded shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Thursday, April 25th.
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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. 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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