Huntington National Bank Buys 448 Shares of Old Republic International Co. (NYSE:ORI)

Huntington National Bank grew its stake in shares of Old Republic International Co. (NYSE:ORI) by 34.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,737 shares of the insurance provider’s stock after buying an additional 448 shares during the period. Huntington National Bank’s holdings in Old Republic International were worth $63,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORI. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International during the 3rd quarter valued at about $28,000. Fairway Wealth LLC bought a new stake in Old Republic International during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new position in Old Republic International in the 4th quarter worth approximately $34,000. Core Alternative Capital bought a new position in shares of Old Republic International in the 4th quarter worth $36,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Old Republic International during the 4th quarter valued at $39,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ORI. Piper Sandler upped their target price on shares of Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. StockNews.com downgraded Old Republic International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Insiders Place Their Bets

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total transaction of $204,425.60. Following the sale, the chief executive officer now directly owns 138,222 shares of the company’s stock, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas Dare sold 27,457 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the transaction, the vice president now directly owns 46,556 shares of the company’s stock, valued at $1,699,294. This represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,039 shares of company stock worth $1,580,733. 1.00% of the stock is currently owned by company insiders.

Old Republic International Stock Down 2.9 %

ORI opened at $35.24 on Tuesday. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.84. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The business’s 50-day moving average price is $37.27 and its 200-day moving average price is $36.56. The company has a market cap of $8.71 billion, a P/E ratio of 13.40 and a beta of 0.68.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. On average, equities analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a dividend of $0.29 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.29%. Old Republic International’s dividend payout ratio is presently 44.11%.

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.