Old Republic International Corporation $ORI Shares Bought by Ethic Inc.

Ethic Inc. grew its holdings in Old Republic International Corporation (NYSE:ORI) by 145.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,721 shares of the insurance provider’s stock after purchasing an additional 24,144 shares during the quarter. Ethic Inc.’s holdings in Old Republic International were worth $1,858,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Old Republic International by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 25,470,798 shares of the insurance provider’s stock valued at $1,081,745,000 after buying an additional 123,954 shares in the last quarter. AQR Capital Management LLC raised its holdings 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 worth $319,155,000 after acquiring an additional 1,774,807 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Old Republic International by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,717,255 shares of the insurance provider’s stock worth $285,268,000 after acquiring an additional 116,549 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Old Republic International by 2,840.8% in the third quarter. Thrivent Financial for Lutherans now owns 3,926,606 shares of the insurance provider’s stock valued at $166,763,000 after acquiring an additional 3,793,085 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Old Republic International by 19.1% during the third quarter. Bank of New York Mellon Corp now owns 3,585,558 shares of the insurance provider’s stock valued at $152,279,000 after acquiring an additional 575,778 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on ORI shares. Piper Sandler lifted their price objective on Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Raymond James Financial set a $44.00 price target on shares of Old Republic International in a research note on Monday, April 27th. Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Insider Buying and Selling at Old Republic International

In related news, Director John Eric Smith acquired 1,135 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were acquired at an average cost of $43.10 per share, for a total transaction 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.32% of the stock is currently owned by insiders.

Old Republic International Price Performance

ORI stock opened at $39.20 on Wednesday. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 10.51 and a beta of 0.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a 52-week low of $35.60 and a 52-week high of $46.76. The stock’s fifty day simple moving average is $40.43 and its 200-day simple moving average is $42.00.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts expect that Old Republic International Corporation will post 2.95 EPS for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 9th were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. Old Republic International’s dividend payout ratio is currently 33.78%.

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.