ProShare Advisors LLC Has $34.89 Million Stake in Old Republic International Co. (NYSE:ORI)

ProShare Advisors LLC trimmed its position in shares of Old Republic International Co. (NYSE:ORI) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 964,150 shares of the insurance provider’s stock after selling 44,713 shares during the quarter. ProShare Advisors LLC owned approximately 0.38% of Old Republic International worth $34,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ORI. Barclays PLC lifted its holdings in shares of Old Republic International by 51.3% during the 3rd quarter. Barclays PLC now owns 272,914 shares of the insurance provider’s stock valued at $9,665,000 after buying an additional 92,591 shares during the last quarter. Burney Co. lifted its holdings in shares of Old Republic International by 2.2% during the 4th quarter. Burney Co. now owns 98,430 shares of the insurance provider’s stock valued at $3,562,000 after buying an additional 2,120 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Old Republic International by 4.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 81,456 shares of the insurance provider’s stock valued at $2,948,000 after buying an additional 3,694 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Old Republic International during the 4th quarter valued at about $207,000. Finally, HB Wealth Management LLC acquired a new stake in shares of Old Republic International during the 4th quarter valued at about $251,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on ORI. Piper Sandler set a $42.00 price target on Old Republic International in a report on Friday, April 25th. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Finally, Raymond James set a $42.00 target price on Old Republic International and gave the stock an “outperform” rating in a report on Monday, April 28th.

Old Republic International Stock Up 1.6%

ORI opened at $37.93 on Friday. The business has a 50 day moving average price of $37.66 and a 200 day moving average price of $36.96. Old Republic International Co. has a twelve month low of $29.51 and a twelve month high of $39.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The firm has a market cap of $9.37 billion, a P/E ratio of 14.42 and a beta of 0.74.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.08. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.06%. The ex-dividend date was Monday, March 10th. Old Republic International’s payout ratio is currently 47.15%.

Insiders Place Their Bets

In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the transaction, the chief executive officer now directly owns 138,222 shares of the company’s stock, valued at $5,335,369.20. The trade was a 3.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the transaction, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. This represents a 37.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,354 shares of company stock valued at $1,602,871 in the last three months. Company insiders own 1.10% of the company’s stock.

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.