Old Republic International Corporation $ORI Stock Holdings Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of Old Republic International Corporation (NYSE:ORI) by 19.1% during the third quarter, Holdings Channel reports. The fund owned 3,585,558 shares of the insurance provider’s stock after acquiring an additional 575,778 shares during the quarter. Bank of New York Mellon Corp’s holdings in Old Republic International were worth $152,279,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ORI. SBI Securities Co. Ltd. lifted its stake in Old Republic International by 29.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 274 shares during the last quarter. Burney Co. boosted its holdings in Old Republic International by 0.3% during the second quarter. Burney Co. now owns 89,901 shares of the insurance provider’s stock valued at $3,456,000 after acquiring an additional 276 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in shares of Old Republic International by 2.3% during the third quarter. Centennial Wealth Advisory LLC now owns 13,099 shares of the insurance provider’s stock worth $556,000 after buying an additional 289 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in Old Republic International by 37.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 298 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Old Republic International by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider’s stock valued at $3,532,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ORI. Zacks Research downgraded Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Piper Sandler restated a “neutral” rating and set a $38.00 target price (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “buy (a)” rating on shares of Old Republic International in a research note on Wednesday, December 24th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Insider Activity

In other Old Republic International news, SVP Carolyn Monroe sold 6,680 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $44.54, for a total transaction of $297,527.20. Following the completion of the sale, the senior vice president owned 29,075 shares in the company, valued at approximately $1,295,000.50. The trade was a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Therace Risch bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of $39.14 per share, for a total transaction of $39,140.00. Following the transaction, the director owned 10,625 shares of the company’s stock, valued at $415,862.50. The trade was a 10.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

Old Republic International Stock Performance

ORI opened at $39.17 on Friday. The firm has a market cap of $9.69 billion, a P/E ratio of 11.55 and a beta of 0.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.64. Old Republic International Corporation has a 52-week low of $34.43 and a 52-week high of $46.76. The business’s fifty day moving average is $43.78 and its 200-day moving average is $41.43.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.15). The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.31 billion. Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. During the same period last year, the firm posted $0.90 earnings per share. Sell-side analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, January 2nd were given a dividend of $2.50 per share. The ex-dividend date was Friday, January 2nd. Old Republic International’s 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.