Old Republic International Co. (NYSE:ORI) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Old Republic International Co. (NYSE:ORI) by 26.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 57,976 shares of the insurance provider’s stock after acquiring 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 filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORI. Avantax Planning Partners Inc. raised its position in Old Republic International by 5.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,688 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 463 shares during the last quarter. MBM Wealth Consultants LLC boosted its stake in shares of Old Republic International by 4.8% during the third quarter. MBM Wealth Consultants LLC now owns 10,280 shares of the insurance provider’s stock worth $277,000 after buying an additional 467 shares during the period. Fifth Third Bancorp grew its holdings in shares of Old Republic International by 26.6% during the third quarter. Fifth Third Bancorp now owns 2,277 shares of the insurance provider’s stock worth $61,000 after buying an additional 479 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Old Republic International by 13.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,210 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 500 shares during the period. Finally, Moors & Cabot Inc. raised its stake in Old Republic International by 2.4% during the 3rd quarter. Moors & Cabot Inc. now owns 21,030 shares of the insurance provider’s stock valued at $567,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Activity

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

Old Republic International Price Performance

Shares of ORI opened at $30.30 on Thursday. 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 stock’s 50 day moving average is $29.53 and its two-hundred day moving average is $28.87. Old Republic International Co. has a twelve month low of $24.03 and a twelve month high of $31.22. The firm has a market capitalization of $8.35 billion, a PE ratio of 14.43 and a beta of 0.81.

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

Old Republic International Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on ORI. StockNews.com downgraded Old Republic International from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Piper Sandler boosted their price objective on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 1st.

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.