Farther Finance Advisors LLC Purchases 11,534 Shares of Old Republic International Co. (NYSE:ORI)

Farther Finance Advisors LLC grew its holdings in shares of Old Republic International Co. (NYSE:ORI) by 304.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,319 shares of the insurance provider’s stock after buying an additional 11,534 shares during the period. Farther Finance Advisors LLC’s holdings in Old Republic International were worth $607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Old Republic International by 4,738.8% in the first quarter. GAMMA Investing LLC now owns 216,730 shares of the insurance provider’s stock worth $8,500,000 after purchasing an additional 212,251 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Old Republic International in the 4th quarter worth approximately $362,000. A&I Financial Services LLC purchased a new stake in shares of Old Republic International in the 4th quarter worth approximately $497,000. Merit Financial Group LLC increased its position in Old Republic International by 336.1% during the 1st quarter. Merit Financial Group LLC now owns 24,982 shares of the insurance provider’s stock valued at $980,000 after buying an additional 19,254 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in Old Republic International during the fourth quarter valued at $283,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Stock Up 0.3%

Old Republic International stock opened at $37.34 on Friday. Old Republic International Co. has a 12 month low of $29.57 and a 12 month high of $39.84. The stock has a fifty day simple moving average of $37.57 and a two-hundred day simple moving average of $37.05. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 14.20 and a beta of 0.74.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. The firm’s revenue was up 11.4% compared to the same quarter last year. Equities analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be paid a $0.29 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.11%. Old Republic International’s dividend payout ratio is presently 47.15%.

Insider Activity

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the sale, the senior vice president now owns 35,755 shares of the company’s stock, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ORI. Piper Sandler set a $42.00 target price on Old Republic International in a research note on Friday, April 25th. Raymond James set a $42.00 price objective on shares of Old Republic International and gave the company an “outperform” rating in a research report on Monday, April 28th. Finally, Wall Street Zen cut shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday.

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.