Inspire Investing LLC Buys 8,040 Shares of Old Republic International Co. (NYSE:ORI)

Inspire Investing LLC raised its stake in shares of Old Republic International Co. (NYSE:ORI) by 17.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,600 shares of the insurance provider’s stock after purchasing an additional 8,040 shares during the quarter. Inspire Investing LLC’s holdings in Old Republic International were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ORI. BKM Wealth Management LLC bought a new position in shares of Old Republic International during the 4th quarter valued at $29,000. Naples Money Management LLC bought a new stake in Old Republic International in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC bought a new position in shares of Old Republic International in the fourth quarter worth approximately $34,000. Blue Trust Inc. increased its stake in shares of Old Republic International by 62.7% in the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock worth $37,000 after buying an additional 526 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in Old Republic International by 526.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock valued at $39,000 after buying an additional 1,110 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In other Old Republic International news, Director Therace Risch acquired 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $29.77 per share, with a total value of $181,180.22. Following the completion of the purchase, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Carolyn Monroe sold 3,377 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total value of $101,445.08. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,008,022.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Therace Risch acquired 6,086 shares of Old Republic International stock in a transaction on Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, with a total value of $181,180.22. Following the completion of the purchase, the director now owns 6,086 shares in the company, valued at approximately $181,180.22. The disclosure for this purchase can be found here. Insiders sold a total of 9,172 shares of company stock worth $282,286 in the last three months. 1.00% of the stock is owned by corporate insiders.

Old Republic International Stock Up 2.0 %

ORI traded up $0.62 on Tuesday, hitting $32.18. The company had a trading volume of 460,452 shares, compared to its average volume of 1,611,645. The stock has a fifty day simple moving average of $30.89 and a 200-day simple moving average of $29.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $8.75 billion, a P/E ratio of 12.28 and a beta of 0.83. Old Republic International Co. has a 52-week low of $25.32 and a 52-week high of $32.26.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, April 25th. The insurance provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. As a group, equities analysts expect that Old Republic International Co. will post 2.7 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Tuesday, June 4th. Old Republic International’s dividend payout ratio is presently 41.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Piper Sandler increased their price objective on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 1st.

Old Republic International 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.