Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Old Republic International Co. (NYSE:ORI)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Old Republic International Co. (NYSE:ORI) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,976 shares of the insurance provider’s stock after purchasing an additional 12,197 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Old Republic International were worth $1,704,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. CWM LLC lifted its holdings in shares of Old Republic International by 4.5% in the 3rd quarter. CWM LLC now owns 16,205 shares of the insurance provider’s stock valued at $437,000 after acquiring an additional 691 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Old Republic International by 3.1% during the 3rd quarter. SG Americas Securities LLC now owns 40,200 shares of the insurance provider’s stock valued at $1,083,000 after purchasing an additional 1,216 shares during the last quarter. Measured Wealth Private Client Group LLC raised its holdings in Old Republic International by 14.9% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 31,165 shares of the insurance provider’s stock valued at $840,000 after buying an additional 4,037 shares during the period. Oak Thistle LLC purchased a new position in Old Republic International during the third quarter worth $1,017,000. Finally, MBM Wealth Consultants LLC raised its stake in shares of Old Republic International by 4.8% in the third quarter. MBM Wealth Consultants LLC now owns 10,280 shares of the insurance provider’s stock valued at $277,000 after acquiring an additional 467 shares during the period. Institutional investors own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Piper Sandler upped their price target on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 1st. StockNews.com cut Old Republic International from a “buy” rating to a “hold” rating in a research note on Friday, January 26th.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the sale, the senior vice president now directly owns 35,340 shares in the company, valued at approximately $979,271.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Carolyn Monroe sold 6,528 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the transaction, the senior vice president now directly owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Barbara Adachi bought 1,925 shares of the business’s stock in a transaction on Friday, February 16th. The stock was bought at an average price of $28.60 per share, for a total transaction of $55,055.00. Following the purchase, the director now directly owns 7,845 shares of the company’s stock, valued at $224,367. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by company insiders.

Old Republic International Stock Down 0.0 %

Shares of ORI opened at $30.30 on Thursday. The firm has a fifty day moving average price of $29.53 and a 200-day moving average price of $28.87. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $8.35 billion, a P/E ratio of 14.43 and a beta of 0.81. Old Republic International Co. has a 12-month low of $24.03 and a 12-month high of $31.22.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.03). The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. Equities research analysts expect that Old Republic International Co. will post 2.7 earnings per share for the current year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were paid a $0.265 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.06 annualized dividend and a yield of 3.50%. This is a boost from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s dividend payout ratio is 50.48%.

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.