LSV Asset Management Buys 92,836 Shares of Old Republic International Corporation $ORI

LSV Asset Management boosted its stake in shares of Old Republic International Corporation (NYSE:ORI) by 3.4% during the third quarter, Holdings Channel.com reports. The fund owned 2,795,152 shares of the insurance provider’s stock after acquiring an additional 92,836 shares during the period. LSV Asset Management’s holdings in Old Republic International were worth $118,710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Old Republic International by 30.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock worth $477,000 after purchasing an additional 2,867 shares in the last quarter. NewEdge Advisors LLC lifted its position in Old Republic International by 121.9% during the first quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock worth $944,000 after purchasing an additional 13,224 shares during the period. Jones Financial Companies Lllp grew its stake in Old Republic International by 122.1% during the first quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock worth $178,000 after buying an additional 2,493 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Old Republic International by 10.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock valued at $62,480,000 after buying an additional 148,891 shares during the period. Finally, Sivia Capital Partners LLC increased its holdings in Old Republic International by 31.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock valued at $323,000 after buying an additional 2,028 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Old Republic International

In related news, SVP Carolyn Monroe sold 5,526 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the sale, the senior vice president owned 27,875 shares of the company’s stock, valued at $1,094,930. This trade represents a 16.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

ORI has been the topic of several analyst reports. Piper Sandler reiterated a “neutral” rating and set a $38.00 price target (down previously from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings restated a “buy (a)” rating on shares of Old Republic International in a research note on Wednesday, December 24th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Old Republic International Trading Up 0.6%

ORI opened at $42.62 on Friday. The company has a market cap of $10.55 billion, a P/E ratio of 12.57 and a beta of 0.75. The company has a current ratio of 0.64, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $43.03 and its 200-day moving average is $41.70. Old Republic International Corporation has a 1-year low of $34.43 and a 1-year high of $46.76.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the company earned $0.90 earnings per share. Equities research analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, January 2nd were paid a $2.50 dividend. The ex-dividend date was Friday, January 2nd. Old Republic International’s dividend payout ratio is presently 34.22%.

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.