6,598 Shares in Old Republic International Corporation $ORI Acquired by NorthRock Partners LLC

NorthRock Partners LLC bought a new position in shares of Old Republic International Corporation (NYSE:ORI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,598 shares of the insurance provider’s stock, valued at approximately $254,000.

Several other hedge funds also recently made changes to their positions in ORI. AQR Capital Management LLC grew its stake in shares of Old Republic International by 96.9% during the 1st quarter. AQR Capital Management LLC now owns 3,712,191 shares of the insurance provider’s stock worth $145,481,000 after acquiring an additional 1,827,180 shares in the last quarter. Nuveen LLC bought a new position in shares of Old Republic International during the 1st quarter worth approximately $31,866,000. GW&K Investment Management LLC grew its stake in shares of Old Republic International by 44.4% during the 1st quarter. GW&K Investment Management LLC now owns 1,436,051 shares of the insurance provider’s stock worth $56,322,000 after acquiring an additional 441,799 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Old Republic International by 106.4% during the 1st quarter. Royal Bank of Canada now owns 784,795 shares of the insurance provider’s stock worth $30,779,000 after acquiring an additional 404,570 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Old Republic International by 11.8% during the 1st quarter. Northern Trust Corp now owns 3,551,918 shares of the insurance provider’s stock worth $139,306,000 after acquiring an additional 375,916 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 6,849 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $36.52, for a total transaction of $250,125.48. Following the completion of the sale, the senior vice president owned 35,755 shares of the company’s stock, valued at $1,305,772.60. This trade represents a 16.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Therace Risch purchased 1,500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were acquired at an average cost of $39.90 per share, with a total value of $59,850.00. Following the acquisition, the director directly owned 9,625 shares in the company, valued at approximately $384,037.50. The trade was a 18.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ORI shares. Wall Street Zen cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday, October 8th. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $43.00 to $47.00 in a research note on Monday, September 22nd. Finally, Piper Sandler increased their price objective on Old Republic International from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy” and an average price target of $47.00.

Old Republic International Trading Down 4.4%

NYSE ORI opened at $40.91 on Friday. The company has a market cap of $10.16 billion, a PE ratio of 14.01 and a beta of 0.76. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.26. Old Republic International Corporation has a 12 month low of $33.00 and a 12 month high of $44.00. The stock has a 50 day moving average of $40.62 and a 200-day moving average of $38.49.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.79 by $0.04. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. The business’s revenue was up 10.1% on a year-over-year basis. On average, equities research analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.16 annualized dividend and a yield of 2.8%. Old Republic International’s dividend payout ratio (DPR) is currently 39.73%.

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.