Interval Partners LP Has $12.86 Million Stock Holdings in Old Republic International Corporation $ORI

Interval Partners LP raised its holdings in Old Republic International Corporation (NYSE:ORI) by 176.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 302,824 shares of the insurance provider’s stock after buying an additional 193,447 shares during the period. Interval Partners LP’s holdings in Old Republic International were worth $12,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Old Republic International by 30.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock valued at $477,000 after acquiring an additional 2,867 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Old Republic International by 121.9% during the 1st quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock worth $944,000 after acquiring an additional 13,224 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Old Republic International by 122.1% in the 1st quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock worth $178,000 after acquiring an additional 2,493 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Old Republic International by 10.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock valued at $62,480,000 after purchasing an additional 148,891 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in shares of Old Republic International by 31.8% in the second quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 2,028 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John Eric Smith purchased 1,135 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the purchase, the director directly owned 4,276 shares in the company, valued at approximately $184,295.60. This trade represents a 36.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 5,526 shares of Old Republic International stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the completion of the sale, the senior vice president directly owned 27,875 shares in the company, valued at $1,094,930. This trade represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ORI has been the topic of several analyst reports. Piper Sandler restated a “neutral” rating and set a $38.00 price target (down from $51.00) on shares of Old Republic International in a report on Thursday, January 22nd. Zacks Research lowered shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings cut shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Old Republic International presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Old Republic International Stock Up 0.2%

Shares of NYSE:ORI opened at $40.06 on Friday. Old Republic International Corporation has a 1 year low of $34.43 and a 1 year high of $46.76. The company has a market capitalization of $9.84 billion, a PE ratio of 11.82 and a beta of 0.73. The business has a fifty day moving average price of $41.57 and a two-hundred day moving average price of $42.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same period in the prior year, the firm earned $0.90 EPS. Analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be given a $0.315 dividend. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, March 9th. Old Republic International’s payout ratio is presently 37.17%.

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.