Thrivent Financial for Lutherans Purchases 22,496 Shares of Old Republic International Corporation $ORI

Thrivent Financial for Lutherans grew its position in Old Republic International Corporation (NYSE:ORI) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,949,102 shares of the insurance provider’s stock after acquiring an additional 22,496 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Old Republic International were worth $170,364,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Old Republic International in the 4th quarter worth approximately $26,000. Torren Management LLC bought a new stake in shares of Old Republic International in the 4th quarter worth approximately $27,000. JPL Wealth Management LLC bought a new stake in shares of Old Republic International in the 3rd quarter worth approximately $27,000. Clearstead Trust LLC lifted its position 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 worth $31,000 after acquiring an additional 288 shares during the period. Finally, Quest 10 Wealth Builders Inc. bought a new position in shares of Old Republic International during the 4th quarter worth approximately $31,000. Institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

Old Republic International stock opened at $39.15 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $9.51 billion, a PE ratio of 10.49 and a beta of 0.63. Old Republic International Corporation has a one year low of $35.60 and a one year high of $46.76. The business has a 50 day simple moving average of $40.28 and a 200 day simple moving average of $41.98.

Old Republic International (NYSE:ORI) last posted 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). The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.Old Republic International’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 EPS. On average, sell-side analysts forecast that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were given a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 3.2%. The ex-dividend date was Monday, March 9th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. Old Republic International’s dividend payout ratio is presently 33.78%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, Director John Eric Smith acquired 1,135 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the transaction, the director owned 4,276 shares in the company, valued at $184,295.60. This trade represents a 36.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Carolyn Monroe sold 13,330 shares of Old Republic International stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the transaction, the senior vice president owned 32,261 shares of the company’s stock, valued at approximately $1,250,436.36. The trade was a 29.24% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ORI. Weiss Ratings downgraded Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, March 27th. Piper Sandler raised their target price 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. Zacks Research downgraded Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial set a $44.00 target price on Old Republic International in a research report on Monday, April 27th. One investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

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.