Twin Capital Management Inc. Raises Position in Old Republic International Corporation $ORI

Twin Capital Management Inc. lifted its stake in shares of Old Republic International Corporation (NYSE:ORI) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,526 shares of the insurance provider’s stock after buying an additional 1,704 shares during the period. Twin Capital Management Inc.’s holdings in Old Republic International were worth $2,557,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ORI. Martingale Asset Management L P lifted its stake in Old Republic International by 3.4% during the 1st quarter. Martingale Asset Management L P now owns 8,241 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 269 shares in the last quarter. Burney Co. raised its holdings in shares of Old Republic International by 0.3% in the second quarter. Burney Co. now owns 89,901 shares of the insurance provider’s stock valued at $3,456,000 after purchasing an additional 276 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Old Republic International by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider’s stock valued at $3,532,000 after purchasing an additional 300 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Old Republic International by 3.6% during the first quarter. Atria Wealth Solutions Inc. now owns 9,047 shares of the insurance provider’s stock valued at $355,000 after purchasing an additional 314 shares in the last quarter. Finally, Signet Financial Management LLC boosted its holdings in Old Republic International by 3.0% during the second quarter. Signet Financial Management LLC now owns 11,135 shares of the insurance provider’s stock worth $428,000 after purchasing an additional 320 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ORI shares. Wall Street Zen cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday, October 8th. Piper Sandler cut their price objective on Old Republic International from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $43.00 to $47.00 in a research note on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average price target of $46.50.

Insider Activity at Old Republic International

In other Old Republic International news, EVP Stephen J. Oberst sold 4,797 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $39.29, for a total transaction of $188,474.13. Following the sale, the executive vice president owned 54,661 shares in the company, valued at $2,147,630.69. This trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Therace Risch acquired 1,500 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was purchased at an average price of $39.90 per share, with a total value of $59,850.00. Following the completion of the acquisition, the director directly owned 9,625 shares in the company, valued at approximately $384,037.50. This represents a 18.46% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Old Republic International Price Performance

NYSE ORI opened at $40.70 on Thursday. The firm’s 50-day simple moving average is $41.06 and its two-hundred day simple moving average is $38.81. The company has a market cap of $10.07 billion, a PE ratio of 13.61 and a beta of 0.79. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $44.00. The company has a quick ratio of 0.25, a current ratio of 0.64 and a debt-to-equity ratio of 0.25.

Old Republic International (NYSE:ORI) last posted its earnings results on Friday, October 24th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%.The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.28 billion. Research analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.16 annualized dividend and a yield of 2.9%. Old Republic International’s dividend payout ratio (DPR) is currently 38.80%.

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.