153,591 Shares in Old Republic International Corporation $ORI Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new stake in Old Republic International Corporation (NYSE:ORI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 153,591 shares of the insurance provider’s stock, valued at approximately $6,523,000. WINTON GROUP Ltd owned about 0.06% of Old Republic International at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ellsworth Advisors LLC acquired a new position in shares of Old Republic International in the third quarter valued at approximately $6,000,000. Vest Financial LLC purchased a new stake in Old Republic International in the 3rd quarter worth approximately $1,517,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in 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 during the last quarter. American National Bank & Trust raised its holdings in Old Republic International by 80.0% in 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, Thrivent Financial for Lutherans lifted its stake in shares of Old Republic International by 2,840.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,926,606 shares of the insurance provider’s stock worth $166,763,000 after purchasing an additional 3,793,085 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insiders Place Their Bets

In related news, Director John Eric Smith acquired 1,135 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was bought at an average cost of $43.10 per share, with a total value of $48,918.50. Following the acquisition, the director directly owned 4,276 shares in the company, valued at approximately $184,295.60. The trade was a 36.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Carolyn Monroe sold 5,526 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,094,930. The trade was a 16.54% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ORI shares. Zacks Research cut shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Weiss Ratings downgraded shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, February 27th. Finally, Piper Sandler reissued a “neutral” rating and issued a $38.00 price objective (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.50.

Old Republic International Stock Down 0.4%

Shares of NYSE ORI opened at $41.90 on Monday. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 12.36 and a beta of 0.73. Old Republic International Corporation has a 1 year low of $34.43 and a 1 year high of $46.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s 50-day simple moving average is $42.08 and its 200-day simple moving average is $42.31.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share 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%. During the same period last year, the business posted $0.90 EPS. As a group, equities analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, March 9th. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. Old Republic International’s dividend payout ratio is 34.22%.

About Old Republic International

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.