Intech Investment Management LLC Has $5.27 Million Position in Old Republic International Corporation $ORI

Intech Investment Management LLC trimmed its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 27.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,975 shares of the insurance provider’s stock after selling 46,129 shares during the period. Intech Investment Management LLC owned about 0.05% of Old Republic International worth $5,265,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ORI. SBI Securities Co. Ltd. boosted its position in Old Republic International by 29.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 274 shares during the last quarter. Burney Co. increased its position in shares of Old Republic International by 0.3% during the 2nd quarter. Burney Co. now owns 89,901 shares of the insurance provider’s stock worth $3,456,000 after purchasing an additional 276 shares during the last quarter. Clearstead Trust LLC boosted its holdings in shares of Old Republic International by 65.6% in the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after buying an additional 288 shares during the last quarter. Centennial Wealth Advisory LLC grew its stake in shares of Old Republic International by 2.3% in the third quarter. Centennial Wealth Advisory LLC now owns 13,099 shares of the insurance provider’s stock valued at $556,000 after buying an additional 289 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in shares of Old Republic International by 37.1% in the third quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock valued at $47,000 after buying an additional 298 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 5,526 shares of the stock in a transaction 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 transaction, the senior vice president owned 27,875 shares in the company, valued at $1,094,930. This trade represents a 16.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on ORI shares. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 price target (down from $51.00) on shares of Old Republic International in a research 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 downgraded shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. One 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 company’s stock. Based on data from MarketBeat.com, Old Republic International currently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Old Republic International Stock Up 0.5%

Old Republic International stock opened at $42.91 on Friday. The stock has a market cap of $10.62 billion, a P/E ratio of 12.66 and a beta of 0.75. The company has a quick ratio of 0.26, a current ratio of 0.64 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a twelve month low of $34.43 and a twelve month high of $46.76. The company’s 50-day moving average price is $42.49 and its two-hundred day moving average price is $42.16.

Old Republic International (NYSE:ORI) last issued 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 return on equity of 16.21% and a net margin of 10.24%.During the same period in the prior year, the firm posted $0.90 EPS. As a group, analysts expect that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be paid a $0.315 dividend. This is a boost from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, March 9th. This represents a $1.26 annualized dividend and a yield of 2.9%. Old Republic International’s dividend payout ratio is presently 34.22%.

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. 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.