Old Republic International Corporation $ORI Shares Sold by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. decreased its stake in shares of Old Republic International Corporation (NYSE:ORI) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 323,667 shares of the insurance provider’s stock after selling 19,815 shares during the period. Crawford Investment Counsel Inc.’s holdings in Old Republic International were worth $14,772,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Old Republic International during the fourth quarter worth about $26,000. Torren Management LLC acquired a new position in Old Republic International during the fourth quarter worth about $27,000. Commonwealth Retirement Investments LLC acquired a new position in Old Republic International during the fourth quarter worth about $27,000. JPL Wealth Management LLC acquired a new position in Old Republic International during the third quarter worth about $27,000. Finally, Quest 10 Wealth Builders Inc. acquired a new position in Old Republic International during the fourth quarter worth about $31,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Trading Up 1.3%

NYSE:ORI opened at $39.07 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a 1-year low of $35.60 and a 1-year high of $46.76. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 10.47 and a beta of 0.59. The stock has a fifty day simple moving average of $39.57 and a 200 day simple moving average of $41.34.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business earned $0.81 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts forecast that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given a $0.315 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.2%. Old Republic International’s dividend payout ratio (DPR) is 33.78%.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 13,330 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the transaction, the senior vice president owned 32,261 shares in the company, valued at $1,250,436.36. This trade represents a 29.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on ORI shares. Weiss Ratings lowered Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 27th. Piper Sandler lifted their target price on Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Raymond James Financial set a $44.00 target price on Old Republic International in a report on Monday, April 27th. Finally, Zacks Research lowered Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.