36,977 Old Republic International Corporation $ORI Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its position in shares of Old Republic International Corporation (NYSE:ORI) by 5.9% in the third quarter, Holdings Channel reports. The firm owned 660,691 shares of the insurance provider’s stock after purchasing an additional 36,977 shares during the period. ProShare Advisors LLC’s holdings in Old Republic International were worth $24,650,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vise Technologies Inc. boosted its stake in Old Republic International by 1.0% during the third quarter. Vise Technologies Inc. now owns 40,785 shares of the insurance provider’s stock valued at $1,522,000 after buying an additional 386 shares during the period. Choreo LLC increased its stake in Old Republic International by 6.4% in the 3rd quarter. Choreo LLC now owns 44,179 shares of the insurance provider’s stock worth $1,648,000 after acquiring an additional 2,638 shares during the last quarter. Childress Capital Advisors LLC increased its stake in Old Republic International by 36.1% in the 3rd quarter. Childress Capital Advisors LLC now owns 13,951 shares of the insurance provider’s stock worth $521,000 after acquiring an additional 3,699 shares during the last quarter. North Star Investment Management Corp. increased its stake in Old Republic International by 0.3% in the 3rd quarter. North Star Investment Management Corp. now owns 802,185 shares of the insurance provider’s stock worth $29,930,000 after acquiring an additional 2,060 shares during the last quarter. Finally, Latitude Advisors LLC purchased a new stake in shares of Old Republic International in the 3rd quarter valued at about $38,000. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Up 1.3%

Shares of NYSE:ORI opened at $39.02 on Tuesday. Old Republic International Corporation has a 52-week low of $36.65 and a 52-week high of $46.76. The firm has a fifty day moving average of $39.60 and a 200 day moving average of $40.46. The firm has a market capitalization of $9.42 billion, a PE ratio of 12.97 and a beta of 0.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.30 and a current ratio of 0.67.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, October 22nd. The insurance provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.06). Old Republic International had a net margin of 11.19% and a return on equity of 12.13%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the company earned $0.78 EPS. As a group, research analysts anticipate that Old Republic International Corporation will post 2.78 EPS for the current fiscal year.

Old Republic International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th were issued a $0.3150 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, September 4th. Old Republic International’s dividend payout ratio is presently 28.38%.

Insider Activity

In other news, SVP Carolyn Monroe sold 4,386 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $42.01, for a total transaction of $184,255.86. Following the transaction, the senior vice president directly owned 27,875 shares in the company, valued at approximately $1,171,028.75. This represents a 13.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.32% of the company’s stock.

Analyst Upgrades and Downgrades

ORI has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on Old Republic International from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Weiss Ratings cut shares of Old Republic International from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, September 18th. Finally, Raymond James Financial downgraded shares of Old Republic International from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $48.00 to $45.00 in a research note on Friday, October 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Old Republic International presently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Old Republic International Company Profile

Old Republic International Corporation (NYSE: ORI) is an insurance holding company that provides a range of commercial and personal insurance products and related services in the United States and Canada. Founded in 1887, the company operates through businesses focused primarily on general insurance and title insurance.

Old Republic’s general insurance operations offer coverage for commercial property, workers’ compensation, commercial automobile, general liability, inland marine, aviation, and other specialty risks.