Old Republic International Corporation $ORI Shares Sold by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC trimmed its holdings in Old Republic International Corporation (NYSE:ORI) by 70.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 36,123 shares of the insurance provider’s stock after selling 84,176 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Old Republic International were worth $1,389,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORI. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Old Republic International by 7.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,533,958 shares of the insurance provider’s stock valued at $60,162,000 after acquiring an additional 108,711 shares during the period. Brandywine Global Investment Management LLC increased its holdings in shares of Old Republic International by 15.9% during the 1st quarter. Brandywine Global Investment Management LLC now owns 635,855 shares of the insurance provider’s stock valued at $24,938,000 after purchasing an additional 87,398 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Old Republic International by 83.2% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 22,702 shares of the insurance provider’s stock valued at $890,000 after purchasing an additional 10,312 shares during the period. Foster & Motley Inc. lifted its stake in shares of Old Republic International by 32.5% in the 2nd quarter. Foster & Motley Inc. now owns 40,272 shares of the insurance provider’s stock valued at $1,548,000 after purchasing an additional 9,876 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Old Republic International by 19.0% during the first quarter. Russell Investments Group Ltd. now owns 88,747 shares of the insurance provider’s stock worth $3,480,000 after buying an additional 14,167 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Old Republic International news, Director Therace Risch bought 1,500 shares of the stock in a transaction on Tuesday, September 2nd. The shares were bought at an average price of $39.90 per share, with a total value of $59,850.00. Following the purchase, the director directly owned 9,625 shares in the company, valued at $384,037.50. This trade represents a 18.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Stephen J. Oberst sold 4,797 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $39.29, for a total transaction of $188,474.13. Following the sale, the executive vice president directly owned 54,661 shares of the company’s stock, valued at $2,147,630.69. The trade was a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ORI has been the topic of several analyst reports. Piper Sandler dropped their price target on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $43.00 to $47.00 in a research note on Monday, September 22nd. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, Old Republic International presently has an average rating of “Strong Buy” and an average target price of $46.50.

Old Republic International Stock Up 1.9%

ORI opened at $42.16 on Wednesday. The company has a market cap of $10.43 billion, a PE ratio of 14.10 and a beta of 0.79. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $44.00. The company has a 50-day moving average price of $41.17 and a 200 day moving average price of $38.92. The company has a quick ratio of 0.25, a current ratio of 0.64 and a debt-to-equity ratio of 0.25.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Friday, October 24th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%.The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Sell-side analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, September 5th. Old Republic International’s dividend payout ratio is currently 38.80%.

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.