NBC Securities Inc. Acquires 1,086 Shares of Old Republic International Co. (NYSE:ORI)

NBC Securities Inc. grew its holdings in shares of Old Republic International Co. (NYSE:ORI) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,159 shares of the insurance provider’s stock after acquiring an additional 1,086 shares during the period. NBC Securities Inc.’s holdings in Old Republic International were worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. BKM Wealth Management LLC bought a new stake in shares of Old Republic International during the 4th quarter valued at $29,000. Naples Money Management LLC bought a new stake in shares of Old Republic International during the 4th quarter valued at $34,000. GAMMA Investing LLC bought a new stake in shares of Old Republic International during the 4th quarter valued at $34,000. Blue Trust Inc. grew its position in shares of Old Republic International by 62.7% during the 4th quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 526 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of Old Republic International by 526.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 1,110 shares during the period. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Up 1.0 %

ORI opened at $30.59 on Friday. 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 Co. has a fifty-two week low of $24.17 and a fifty-two week high of $32.26. The firm’s fifty day moving average is $30.64 and its 200 day moving average is $29.73. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 11.90 and a beta of 0.83.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. On average, sell-side analysts forecast that Old Republic International Co. will post 2.73 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.47%. The ex-dividend date was Tuesday, June 4th. Old Republic International’s payout ratio is currently 41.25%.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 3,377 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total value of $101,445.08. Following the sale, the senior vice president now 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 can be accessed through the SEC website. In other Old Republic International news, Director Therace Risch purchased 6,086 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased 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 in the company, valued at $181,180.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carolyn Monroe sold 3,377 shares of the 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 approximately $1,008,022.24. The disclosure for this sale can be found here. Insiders have sold a total of 9,172 shares of company stock worth $282,286 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler lifted their target price on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 26th.

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 Republic Financial Indemnity Group Run-off Business.