D.B. Root & Company LLC Sells 2,801 Shares of Old Republic International Co. (NYSE:ORI)

D.B. Root & Company LLC lowered its stake in Old Republic International Co. (NYSE:ORI) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,392 shares of the insurance provider’s stock after selling 2,801 shares during the period. D.B. Root & Company LLC’s holdings in Old Republic International were worth $1,517,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Viking Fund Management LLC boosted its holdings in Old Republic International by 9.1% in the first quarter. Viking Fund Management LLC now owns 120,000 shares of the insurance provider’s stock valued at $3,686,000 after acquiring an additional 10,000 shares in the last quarter. Ridgewood Investments LLC boosted its holdings in Old Republic International by 1.6% in the first quarter. Ridgewood Investments LLC now owns 50,188 shares of the insurance provider’s stock valued at $1,542,000 after acquiring an additional 790 shares in the last quarter. Richard P Slaughter Associates Inc boosted its holdings in Old Republic International by 2.4% in the first quarter. Richard P Slaughter Associates Inc now owns 53,807 shares of the insurance provider’s stock valued at $1,653,000 after acquiring an additional 1,236 shares in the last quarter. Alaska Permanent Fund Corp boosted its holdings in Old Republic International by 8.7% in the first quarter. Alaska Permanent Fund Corp now owns 474,904 shares of the insurance provider’s stock valued at $14,589,000 after acquiring an additional 38,188 shares in the last quarter. Finally, NBC Securities Inc. boosted its holdings in Old Republic International by 5.4% in the first quarter. NBC Securities Inc. now owns 21,159 shares of the insurance provider’s stock valued at $651,000 after acquiring an additional 1,086 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 4,503 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $31.28, for a total value of $140,853.84. Following the completion of the transaction, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,049,631.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Old Republic International news, Director Therace Risch bought 6,086 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was acquired at an average price of $29.77 per share, with a total value of $181,180.22. Following the transaction, the director now owns 6,086 shares in the company, valued at $181,180.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Carolyn Monroe sold 4,503 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $31.28, for a total value of $140,853.84. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,049,631.68. The disclosure for this sale can be found here. Insiders sold a total of 9,172 shares of company stock valued at $282,286 in the last quarter. 1.00% of the stock is owned by insiders.

Old Republic International Stock Up 0.3 %

Old Republic International stock traded up $0.08 on Friday, hitting $30.90. 2,354,193 shares of the stock traded hands, compared to its average volume of 1,366,790. The business’s fifty day simple moving average is $30.84 and its 200 day simple moving average is $29.80. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. The firm has a market cap of $8.40 billion, a P/E ratio of 12.02 and a beta of 0.83. Old Republic International Co. has a 1 year low of $24.75 and a 1 year high of $32.26.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. As a group, sell-side analysts forecast that Old Republic International Co. will post 2.73 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Tuesday, June 4th. Old Republic International’s dividend payout ratio is presently 41.25%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ORI shares. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler raised their price objective on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 1st.

Old Republic International 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.