ProShare Advisors LLC Acquires 36,977 Shares of Old Republic International Corporation $ORI

ProShare Advisors LLC boosted its holdings in Old Republic International Corporation (NYSE:ORI) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 660,691 shares of the insurance provider’s stock after purchasing an additional 36,977 shares during the period. ProShare Advisors LLC owned about 0.27% of Old Republic International worth $24,650,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vise Technologies Inc. grew its position in Old Republic International by 1.0% during the third quarter. Vise Technologies Inc. now owns 40,785 shares of the insurance provider’s stock valued at $1,522,000 after buying an additional 386 shares during the period. Choreo LLC increased its holdings in Old Republic International by 6.4% during the third quarter. Choreo LLC now owns 44,179 shares of the insurance provider’s stock worth $1,648,000 after buying an additional 2,638 shares during the last quarter. Childress Capital Advisors LLC increased its holdings in Old Republic International by 36.1% during the third quarter. Childress Capital Advisors LLC now owns 13,951 shares of the insurance provider’s stock worth $521,000 after buying an additional 3,699 shares during the last quarter. North Star Investment Management Corp. raised its position in Old Republic International by 0.3% in the third quarter. North Star Investment Management Corp. now owns 802,185 shares of the insurance provider’s stock worth $29,930,000 after acquiring an additional 2,060 shares during the period. Finally, Latitude Advisors LLC bought a new stake in Old Republic International in the third quarter worth about $38,000. Institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

Old Republic International stock opened at $39.02 on Tuesday. The firm has a market capitalization of $9.42 billion, a P/E ratio of 12.97 and a beta of 0.56. Old Republic International Corporation has a one year low of $36.65 and a one year high of $46.76. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.67 and a quick ratio of 0.30. The business has a fifty day moving average price of $39.60 and a 200-day moving average price of $40.46.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, October 22nd. The insurance provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.06). The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.49 billion. Old Republic International had a net margin of 11.19% and a return on equity of 12.13%. During the same quarter in the previous year, the firm posted $0.78 earnings per share. As a group, equities research analysts forecast that Old Republic International Corporation will post 2.78 EPS for the current year.

Old Republic International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th were issued a dividend of $0.3150 per share. This represents a $1.26 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, September 4th. Old Republic International’s payout ratio is presently 28.38%.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 4,386 shares of Old Republic International stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $42.01, for a total transaction of $184,255.86. Following the completion of the transaction, the senior vice president owned 27,875 shares of the company’s stock, valued at $1,171,028.75. The trade was a 13.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.32% of the stock is owned by insiders.

Analyst Ratings Changes

ORI has been the topic of a number of research analyst reports. Weiss Ratings cut shares of Old Republic International from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, September 18th. Piper Sandler raised their price target on shares of Old Republic International from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Finally, Raymond James Financial cut shares of Old Republic International from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $48.00 to $45.00 in a report on Friday, October 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.50.

About Old Republic International

Old Republic International Corporation (NYSE: ORI) is an insurance holding company that provides a range of commercial and personal insurance products and related services in the United States and Canada. Founded in 1887, the company operates through businesses focused primarily on general insurance and title insurance.

Old Republic’s general insurance operations offer coverage for commercial property, workers’ compensation, commercial automobile, general liability, inland marine, aviation, and other specialty risks.