Vise Technologies Inc. Acquires Shares of 10,928 Old Republic International Corporation $ORI

Vise Technologies Inc. acquired a new stake in shares of Old Republic International Corporation (NYSE:ORI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,928 shares of the insurance provider’s stock, valued at approximately $420,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. 1 North Wealth Services LLC bought a new position in Old Republic International in the 1st quarter valued at about $29,000. Quarry LP raised its stake in shares of Old Republic International by 6,645.5% in the first quarter. Quarry LP now owns 742 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 731 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Old Republic International in the second quarter valued at approximately $34,000. N.E.W. Advisory Services LLC purchased a new position in shares of Old Republic International during the first quarter valued at approximately $35,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Old Republic International during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stephen J. Oberst sold 4,797 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the sale, the executive vice president owned 54,661 shares in the company, valued at approximately $2,147,630.69. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Therace Risch bought 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was bought at an average price of $39.90 per share, with a total value of $59,850.00. Following the completion of the transaction, the director directly owned 9,625 shares of the company’s stock, valued at $384,037.50. This represents a 18.46% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by corporate insiders.

Old Republic International Price Performance

Shares of NYSE ORI opened at $44.37 on Friday. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 14.84 and a beta of 0.79. The stock has a fifty day simple moving average of $41.35 and a two-hundred day simple moving average of $39.03. The company has a current ratio of 0.64, a quick ratio of 0.25 and a debt-to-equity ratio of 0.25. Old Republic International Corporation has a 1-year low of $33.00 and a 1-year high of $44.76.

Old Republic International (NYSE:ORI) last posted its earnings results on Friday, October 24th. The insurance provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.05. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.28 billion. Analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $43.00 to $47.00 in a research note on Monday, September 22nd. Piper Sandler reduced their price objective on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus target price of $46.50.

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.