Susquehanna Fundamental Investments LLC Has $489,000 Stake in Old Republic International Corporation $ORI

Susquehanna Fundamental Investments LLC reduced its stake in shares of Old Republic International Corporation (NYSE:ORI) by 51.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,962 shares of the insurance provider’s stock after selling 12,800 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Old Republic International were worth $489,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp raised its position in Old Republic International by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 12,241,253 shares of the insurance provider’s stock worth $488,426,000 after purchasing an additional 388,866 shares during the last quarter. AQR Capital Management LLC boosted its position in Old Republic International by 30.7% in the 3rd 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 last quarter. Dimensional Fund Advisors LP increased its stake in shares of Old Republic International by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,721,774 shares of the insurance provider’s stock valued at $268,202,000 after buying an additional 60,395 shares during the period. Geode Capital Management LLC increased its stake in shares of Old Republic International by 1.8% in 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 during the period. Finally, Thrivent Financial for Lutherans raised 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 during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jeffrey Lange sold 14,075 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $43.76, for a total value of $615,922.00. Following the completion of the sale, the senior vice president owned 12,244 shares in the company, valued at approximately $535,797.44. This represents a 53.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Carolyn Monroe sold 1,788 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $42.26, for a total value of $75,560.88. Following the completion of the transaction, the senior vice president directly owned 32,261 shares in the company, valued at $1,363,349.86. The trade was a 5.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 28,988 shares of company stock valued at $1,268,458 over the last three months. Company insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler cut their price target on Old Republic International from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Old Republic International in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $41.50.

Old Republic International Price Performance

Shares of ORI stock opened at $42.08 on Thursday. Old Republic International Corporation has a 52-week low of $36.65 and a 52-week high of $46.76. The stock has a market cap of $10.16 billion, a PE ratio of 9.95 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s 50 day moving average price is $42.15 and its two-hundred day moving average price is $40.78.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.38 billion. Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.Old Republic International’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. As a group, analysts forecast that Old Republic International Corporation will post 2.91 EPS for the current year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. Old Republic International’s payout ratio is 29.79%.

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.