Prosperity Consulting Group LLC Takes $535,000 Position in Old Republic International Co. (NYSE:ORI)

Prosperity Consulting Group LLC bought a new stake in Old Republic International Co. (NYSE:ORI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,402 shares of the insurance provider’s stock, valued at approximately $535,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at $29,000. Naples Money Management LLC bought a new position in shares of Old Republic International in the 4th quarter worth $34,000. GAMMA Investing LLC bought a new position in shares of Old Republic International in the 4th quarter worth $34,000. Global Retirement Partners LLC boosted its position in shares of Old Republic International by 526.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Old Republic International in the 4th quarter worth $39,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Trading Down 1.6 %

ORI stock traded down $0.48 during midday trading on Friday, hitting $29.89. 1,894,053 shares of the company’s stock were exchanged, compared to its average volume of 1,287,911. The stock’s fifty day moving average price is $30.86 and its 200-day moving average price is $29.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $8.12 billion, a PE ratio of 11.63 and a beta of 0.83. Old Republic International Co. has a one year low of $24.82 and a one year high of $32.26.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $1.85 billion for 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%. Research analysts predict that Old Republic International Co. will post 2.7 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.265 per share. The ex-dividend date was Tuesday, June 4th. This represents a $1.06 annualized dividend and a yield of 3.55%. Old Republic International’s dividend payout ratio is presently 41.25%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler raised their price target 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.

Insiders Place Their Bets

In other 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 sale, the senior vice president now directly owns 33,556 shares in the company, valued at $1,049,631.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other 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 sale, the senior vice president now directly owns 33,556 shares in the company, valued at $1,049,631.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Therace Risch purchased 6,086 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the completion of 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. Over the last ninety days, insiders have sold 9,172 shares of company stock worth $282,286. Corporate insiders own 0.78% of the company’s stock.

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.