Old Republic International Co. (NYSE:ORI) Stock Holdings Reduced by Swiss National Bank

Swiss National Bank lowered its position in Old Republic International Co. (NYSE:ORI) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 612,900 shares of the insurance provider’s stock after selling 11,000 shares during the quarter. Swiss National Bank’s holdings in Old Republic International were worth $15,427,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. CENTRAL TRUST Co grew its stake in Old Republic International by 14.7% in the second quarter. CENTRAL TRUST Co now owns 2,960 shares of the insurance provider’s stock valued at $75,000 after purchasing an additional 380 shares in the last quarter. Mutual Advisors LLC boosted its stake in shares of Old Republic International by 4.2% during the 2nd quarter. Mutual Advisors LLC now owns 11,546 shares of the insurance provider’s stock worth $258,000 after acquiring an additional 467 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of Old Republic International by 1.7% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 28,344 shares of the insurance provider’s stock worth $713,000 after acquiring an additional 470 shares in the last quarter. Avantax Planning Partners Inc. boosted its stake in shares of Old Republic International by 5.5% during the 2nd quarter. Avantax Planning Partners Inc. now owns 9,225 shares of the insurance provider’s stock worth $232,000 after acquiring an additional 484 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Old Republic International by 2.3% during the 1st quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider’s stock worth $553,000 after acquiring an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Old Republic International Price Performance

NYSE ORI opened at $28.36 on Tuesday. Old Republic International Co. has a twelve month low of $23.30 and a twelve month high of $29.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market capitalization of $7.95 billion, a PE ratio of 9.03 and a beta of 0.79. The stock has a 50-day simple moving average of $27.39 and a 200 day simple moving average of $26.49.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.09. Old Republic International had a return on equity of 12.98% and a net margin of 12.01%. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Research analysts anticipate that Old Republic International Co. will post 2.76 EPS for the current year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were issued a $0.245 dividend. This is a boost from Old Republic International’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, September 1st. This represents a $0.98 annualized dividend and a yield of 3.46%. Old Republic International’s dividend payout ratio is 31.21%.

Wall Street Analysts Forecast Growth

ORI has been the subject of several recent analyst reports. Piper Sandler decreased their price target on Old Republic International from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Raymond James upped their price target on Old Republic International from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 30th. Finally, StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th.

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 the Republic Financial Indemnity Group Run-off Business.