Vanguard Group Inc. Boosts Holdings in Old Republic International Corporation $ORI

Vanguard Group Inc. raised its position in Old Republic International Corporation (NYSE:ORI) by 0.5% in the 3rd quarter, Holdings Channel reports. The firm owned 25,470,798 shares of the insurance provider’s stock after buying an additional 123,954 shares during the quarter. Vanguard Group Inc. owned 0.10% of Old Republic International worth $1,081,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ORI. Ellsworth Advisors LLC bought a new stake in Old Republic International during the third quarter valued at $6,000,000. Vest Financial LLC bought a new position in Old Republic International in the 3rd quarter worth about $1,517,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Old Republic International by 261.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 277,350 shares of the insurance provider’s stock valued at $11,779,000 after acquiring an additional 200,692 shares in the last quarter. American National Bank & Trust boosted its position in shares of Old Republic International by 80.0% during the 3rd quarter. American National Bank & Trust now owns 45,000 shares of the insurance provider’s stock valued at $1,911,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Old Republic International by 67.3% during the 3rd quarter. Inspire Investing LLC now owns 84,624 shares of the insurance provider’s stock valued at $3,594,000 after acquiring an additional 34,044 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Trading Down 0.6%

ORI stock opened at $41.27 on Friday. The company has a market capitalization of $10.21 billion, a PE ratio of 12.17 and a beta of 0.75. Old Republic International Corporation has a one year low of $34.43 and a one year high of $46.76. The company’s 50 day moving average price is $42.82 and its two-hundred day moving average price is $41.98. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.64.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period last year, the company posted $0.90 EPS. As a group, analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, January 2nd were paid a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 2nd. Old Republic International’s dividend payout ratio (DPR) is 34.22%.

Analyst Ratings Changes

ORI has been the topic of several research analyst reports. Weiss Ratings restated a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Piper Sandler restated a “neutral” rating and set a $38.00 price objective (down previously from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Old Republic International presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Insider Activity

In other news, SVP Carolyn Monroe sold 5,526 shares of Old Republic International stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total value of $217,061.28. Following the transaction, the senior vice president owned 27,875 shares in the company, valued at approximately $1,094,930. The trade was a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

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. 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.