Vanguard Group Inc. Has $1.08 Billion Stock Holdings in Old Republic International Corporation $ORI

Vanguard Group Inc. raised its holdings in Old Republic International Corporation (NYSE:ORI) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,470,798 shares of the insurance provider’s stock after buying an additional 123,954 shares during the period. Vanguard Group Inc. owned about 10.29% of Old Republic International worth $1,081,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ellsworth Advisors LLC bought a new position in Old Republic International in the 3rd quarter valued at $6,000,000. Vest Financial LLC purchased a new position in shares of Old Republic International in the 3rd quarter worth about $1,517,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Old Republic International by 261.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 277,350 shares of the insurance provider’s stock worth $11,779,000 after buying an additional 200,692 shares during the last quarter. American National Bank & Trust grew its position in Old Republic International by 80.0% during the third quarter. American National Bank & Trust now owns 45,000 shares of the insurance provider’s stock valued at $1,911,000 after buying an additional 20,000 shares during the period. Finally, Inspire Investing LLC increased its holdings in Old Republic International by 67.3% during the third quarter. Inspire Investing LLC now owns 84,624 shares of the insurance provider’s stock worth $3,594,000 after buying an additional 34,044 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 research analysts have weighed in on ORI shares. Piper Sandler reiterated a “neutral” rating and issued a $38.00 target price (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “buy (a)” rating on shares of Old Republic International in a research note on Wednesday, December 24th. Finally, Zacks Research lowered Old Republic International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Old Republic International presently has an average rating of “Moderate Buy” and an average target price of $42.50.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 5,526 shares of Old Republic International stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the completion of the transaction, the senior vice president owned 27,875 shares of the company’s stock, valued at $1,094,930. The trade was a 16.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Old Republic International Stock Performance

NYSE ORI opened at $41.27 on Friday. The firm has a market cap of $10.21 billion, a P/E ratio of 12.17 and a beta of 0.75. The company has a quick ratio of 0.26, a current ratio of 0.64 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $42.82 and its 200-day moving average is $41.98. Old Republic International Corporation has a 12-month low of $34.43 and a 12-month 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 for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Sell-side analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, January 14th. Shareholders 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 (DPR) is currently 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.