Baader Bank Aktiengesellschaft Purchases Shares of 13,645 Old Republic International Corporation $ORI

Baader Bank Aktiengesellschaft purchased a new stake in shares of Old Republic International Corporation (NYSE:ORI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 13,645 shares of the insurance provider’s stock, valued at approximately $607,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Old Republic International by 30.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock valued at $477,000 after purchasing an additional 2,867 shares during the last quarter. NewEdge Advisors LLC raised its position in Old Republic International by 121.9% during the 1st quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock valued at $944,000 after purchasing an additional 13,224 shares during the last quarter. Jones Financial Companies Lllp raised its position in Old Republic International by 122.1% during the 1st quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock valued at $178,000 after purchasing an additional 2,493 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Old Republic International by 10.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock valued at $62,480,000 after purchasing an additional 148,891 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in shares of Old Republic International by 31.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 2,028 shares during the period. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Old Republic International stock opened at $39.15 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $9.51 billion, a P/E ratio of 10.49 and a beta of 0.63. The stock’s 50 day moving average is $40.28 and its 200 day moving average is $41.98. Old Republic International Corporation has a twelve month low of $35.60 and a twelve month high of $46.76.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). The company had revenue of $2.40 billion during 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 business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 EPS. On average, equities research analysts predict that Old Republic International Corporation will post 2.95 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Monday, March 9th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, March 9th. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. Old Republic International’s dividend payout ratio (DPR) is currently 33.78%.

Insider Activity at Old Republic International

In related news, SVP Carolyn Monroe sold 13,330 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $38.76, for a total value of $516,670.80. Following the sale, the senior vice president owned 32,261 shares in the company, valued at $1,250,436.36. This represents a 29.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Eric Smith purchased 1,135 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was bought at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the purchase, the director directly owned 4,276 shares in the company, valued at $184,295.60. The trade was a 36.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ORI. Weiss Ratings downgraded 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 target price on Old Republic International in a report on Monday, April 27th. Piper Sandler upped their target price on Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. 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 assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.00.

About Old Republic International

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.