Interval Partners LP Has $12.86 Million Stake in Old Republic International Corporation $ORI

Interval Partners LP grew its position in Old Republic International Corporation (NYSE:ORI) by 176.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 302,824 shares of the insurance provider’s stock after purchasing an additional 193,447 shares during the quarter. Interval Partners LP owned approximately 0.12% of Old Republic International worth $12,861,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ORI. Vanguard Group Inc. raised its stake in Old Republic International by 0.5% during the third quarter. Vanguard Group Inc. now owns 25,470,798 shares of the insurance provider’s stock worth $1,081,745,000 after buying an additional 123,954 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Old Republic International by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,717,255 shares of the insurance provider’s stock valued at $285,268,000 after acquiring an additional 116,549 shares during the last quarter. AQR Capital Management LLC grew its holdings in Old Republic International by 55.7% during the 2nd quarter. AQR Capital Management LLC now owns 5,779,156 shares of the insurance provider’s stock worth $221,457,000 after acquiring an additional 2,066,965 shares during the period. Thrivent Financial for Lutherans grew its holdings in Old Republic International by 2,840.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,926,606 shares of the insurance provider’s stock worth $166,763,000 after acquiring an additional 3,793,085 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Old Republic International by 19.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,585,558 shares of the insurance provider’s stock worth $152,279,000 after acquiring an additional 575,778 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John Eric Smith acquired 1,135 shares of the firm’s stock in a transaction dated 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 completion of the acquisition, the director directly owned 4,276 shares in the company, valued at $184,295.60. The trade was a 36.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Carolyn Monroe sold 5,526 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.28, for a total value of $217,061.28. Following the sale, the senior vice president owned 27,875 shares of the company’s stock, valued at approximately $1,094,930. This represents a 16.54% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Old Republic International Trading Up 0.2%

NYSE:ORI opened at $40.06 on Friday. Old Republic International Corporation has a 12 month low of $34.43 and a 12 month high of $46.76. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 11.82 and a beta of 0.73. The firm has a fifty day simple moving average of $41.57 and a two-hundred day simple moving average of $42.29.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. During the same quarter last year, the business posted $0.90 EPS. Analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be paid a dividend of $0.315 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.26 dividend on an annualized basis and a yield of 3.1%. Old Republic International’s dividend payout ratio (DPR) is currently 37.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Zacks Research downgraded Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings downgraded Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, February 27th. Finally, Piper Sandler reissued a “neutral” rating and issued a $38.00 price target (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Old Republic International has an average rating of “Moderate Buy” and an average target price of $42.50.

Old Republic International Company 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.