Advisor Group Inc. lifted its holdings in Old Republic International Co. (NYSE:ORI) by 4.5% during the 1st quarter, Holdings Channel reports. The firm owned 56,096 shares of the insurance provider’s stock after acquiring an additional 2,399 shares during the quarter. Advisor Group Inc.’s holdings in Old Republic International were worth $1,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Old Republic International by 3.1% in the first quarter. BlackRock Inc. now owns 32,854,067 shares of the insurance provider’s stock worth $687,308,000 after acquiring an additional 998,205 shares in the last quarter. Jackson Wealth Management LLC increased its position in shares of Old Republic International by 4.5% in the first quarter. Jackson Wealth Management LLC now owns 106,687 shares of the insurance provider’s stock worth $2,232,000 after acquiring an additional 4,572 shares in the last quarter. Crawford Investment Counsel Inc. increased its position in shares of Old Republic International by 4.1% in the first quarter. Crawford Investment Counsel Inc. now owns 681,861 shares of the insurance provider’s stock worth $14,265,000 after acquiring an additional 26,800 shares in the last quarter. Synovus Financial Corp increased its position in shares of Old Republic International by 25.1% in the first quarter. Synovus Financial Corp now owns 17,359 shares of the insurance provider’s stock worth $369,000 after acquiring an additional 3,478 shares in the last quarter. Finally, ARP Americas LP purchased a new position in shares of Old Republic International in the first quarter worth approximately $437,000. 73.59% of the stock is currently owned by institutional investors.

ORI stock opened at $22.69 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.17. The company has a market cap of $6.85 billion, a P/E ratio of 12.20 and a beta of 0.87. Old Republic International Co. has a 52 week low of $19.55 and a 52 week high of $23.05.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Old Republic International had a net margin of 11.87% and a return on equity of 10.66%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.44 earnings per share. As a group, analysts anticipate that Old Republic International Co. will post 1.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Monday, June 3rd. Old Republic International’s dividend payout ratio is currently 43.01%.

Several research analysts have recently weighed in on ORI shares. Zacks Investment Research raised shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday, April 25th. TheStreet upgraded shares of Old Republic International from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th.

In related news, insider Charles S. Boone sold 30,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $22.69, for a total transaction of $692,045.00. Following the completion of the sale, the insider now directly owns 22,750 shares in the company, valued at $516,197.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.90% of the company’s stock.

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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. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.

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

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