Huntington National Bank Has $63,000 Stake in Old Republic International Co. (NYSE:ORI)

Huntington National Bank increased its stake in Old Republic International Co. (NYSE:ORI) by 34.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,737 shares of the insurance provider’s stock after acquiring an additional 448 shares during the quarter. Huntington National Bank’s holdings in Old Republic International were worth $63,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA bought a new position in Old Republic International in the fourth quarter worth approximately $1,173,000. Franklin Resources Inc. lifted its holdings in shares of Old Republic International by 15.4% in the 4th quarter. Franklin Resources Inc. now owns 525,004 shares of the insurance provider’s stock worth $19,000,000 after purchasing an additional 70,212 shares in the last quarter. Rodgers Brothers Inc. grew its position in Old Republic International by 115.6% in the 4th quarter. Rodgers Brothers Inc. now owns 160,300 shares of the insurance provider’s stock valued at $5,801,000 after purchasing an additional 85,950 shares during the period. Summit Financial LLC grew its position in Old Republic International by 6.1% in the 4th quarter. Summit Financial LLC now owns 6,017 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 347 shares during the period. Finally, Maridea Wealth Management LLC bought a new stake in Old Republic International during the 4th quarter valued at $269,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling

In related news, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the sale, the chief executive officer now directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,039 shares of company stock worth $1,580,733. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ORI shares. StockNews.com cut shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Piper Sandler boosted their price objective on Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $35.24 on Tuesday. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.84. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $8.71 billion, a PE ratio of 13.40 and a beta of 0.68. The stock’s fifty day simple moving average is $37.27 and its two-hundred day simple moving average is $36.56.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. Old Republic International’s dividend payout ratio (DPR) is presently 44.11%.

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.