Mutual of America Capital Management LLC Reduces Stock Position in Old Republic International Co. (NYSE:ORI)

Mutual of America Capital Management LLC cut its holdings in Old Republic International Co. (NYSE:ORIFree Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,366 shares of the insurance provider’s stock after selling 6,085 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Old Republic International worth $4,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Schroder Investment Management Group raised its stake in shares of Old Republic International by 0.7% during the 3rd quarter. Schroder Investment Management Group now owns 190,883 shares of the insurance provider’s stock valued at $5,142,000 after purchasing an additional 1,331 shares during the period. GSA Capital Partners LLP purchased a new position in Old Republic International during the third quarter valued at approximately $747,000. Integrated Wealth Concepts LLC increased its holdings in Old Republic International by 76.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 55,218 shares of the insurance provider’s stock worth $1,488,000 after acquiring an additional 23,870 shares during the period. Diversified Trust Co purchased a new stake in Old Republic International in the 3rd quarter worth approximately $423,000. Finally, Graham Capital Management L.P. purchased a new position in shares of Old Republic International during the 3rd quarter valued at $408,000. Institutional investors own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ORI. Piper Sandler boosted their target price on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

Read Our Latest Report on ORI

Old Republic International Stock Performance

Old Republic International stock opened at $30.01 on Wednesday. Old Republic International Co. has a fifty-two week low of $24.89 and a fifty-two week high of $32.26. The firm’s fifty day moving average price is $30.87 and its 200-day moving average price is $29.86. The stock has a market cap of $8.16 billion, a P/E ratio of 11.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27.

Old Republic International (NYSE:ORIGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 9.52% and a return on equity of 12.15%. On average, equities research analysts expect that Old Republic International Co. will post 2.7 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.06 annualized dividend and a yield of 3.53%. Old Republic International’s payout ratio is currently 41.25%.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 3,377 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total transaction of $101,445.08. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at $1,008,022.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Carolyn Monroe sold 3,377 shares of Old Republic International stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total value of $101,445.08. Following the sale, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,008,022.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Therace Risch bought 6,086 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $29.77 per share, with a total value of $181,180.22. Following the acquisition, the director now owns 6,086 shares of the company’s stock, valued at $181,180.22. The disclosure for this purchase can be found here. Insiders sold 9,172 shares of company stock valued at $282,286 in the last quarter. Company insiders own 0.78% of the company’s stock.

Old Republic International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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