Inceptionr LLC Purchases Shares of 51,379 Old Republic International Corporation $ORI

Inceptionr LLC acquired a new stake in shares of Old Republic International Corporation (NYSE:ORIFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,379 shares of the insurance provider’s stock, valued at approximately $2,050,000. Old Republic International accounts for 0.5% of Inceptionr LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in ORI. Bank of New York Mellon Corp grew its holdings in Old Republic International by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 12,241,253 shares of the insurance provider’s stock worth $488,426,000 after buying an additional 388,866 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Old Republic International by 30.7% in the third quarter. AQR Capital Management LLC now owns 7,553,963 shares of the insurance provider’s stock valued at $319,155,000 after buying an additional 1,774,807 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Old Republic International by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 6,721,774 shares of the insurance provider’s stock valued at $268,202,000 after purchasing an additional 60,395 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Old Republic International by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 4,181,149 shares of the insurance provider’s stock valued at $190,870,000 after buying an additional 72,857 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Old Republic International by 0.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,949,102 shares of the insurance provider’s stock worth $170,364,000 after acquiring an additional 22,496 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Down 0.7%

NYSE ORI opened at $41.30 on Friday. Old Republic International Corporation has a 1-year low of $35.60 and a 1-year high of $46.76. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $39.81 and a 200-day moving average of $40.53. The firm has a market cap of $10.03 billion, a PE ratio of 11.07 and a beta of 0.58.

Old Republic International (NYSE:ORIGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. Old Republic International’s revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Old Republic International Corporation will post 2.95 EPS for the current year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, June 5th. Old Republic International’s payout ratio is presently 33.78%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ORI. Raymond James Financial set a $44.00 price target on shares of Old Republic International in a report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Old Republic International in a research note on Wednesday, July 8th. Piper Sandler lifted their price target on Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

View Our Latest Research Report on ORI

Insider Activity at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 13,330 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total transaction of $516,670.80. Following the completion of the sale, the senior vice president owned 32,261 shares of the company’s stock, valued at $1,250,436.36. This represents a 29.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is currently owned by insiders.

Old Republic International News Roundup

Here are the key news stories impacting Old Republic International this week:

About Old Republic International

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ORI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Republic International Corporation (NYSE:ORIFree Report).

Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.