Old Republic International Corporation $ORI Shares Bought by Woodley Farra Manion Portfolio Management Inc.

Woodley Farra Manion Portfolio Management Inc. grew its stake in Old Republic International Corporation (NYSE:ORI) by 1.4% during the 2nd quarter, Holdings Channel reports. The firm owned 105,693 shares of the insurance provider’s stock after purchasing an additional 1,499 shares during the quarter. Woodley Farra Manion Portfolio Management Inc.’s holdings in Old Republic International were worth $4,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORI. AQR Capital Management LLC boosted its position in shares of Old Republic International by 96.9% during the first quarter. AQR Capital Management LLC now owns 3,712,191 shares of the insurance provider’s stock worth $145,481,000 after buying an additional 1,827,180 shares during the period. Nuveen LLC purchased a new stake in Old Republic International during the 1st quarter worth approximately $31,866,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Old Republic International during the 2nd quarter worth approximately $19,299,000. GW&K Investment Management LLC grew its stake in shares of Old Republic International by 44.4% in the first quarter. GW&K Investment Management LLC now owns 1,436,051 shares of the insurance provider’s stock worth $56,322,000 after acquiring an additional 441,799 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Old Republic International by 106.4% during the first quarter. Royal Bank of Canada now owns 784,795 shares of the insurance provider’s stock worth $30,779,000 after acquiring an additional 404,570 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Old Republic International Stock Performance

Shares of ORI stock opened at $44.37 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.64. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 14.84 and a beta of 0.79. Old Republic International Corporation has a one year low of $33.00 and a one year high of $44.76. The company has a 50 day moving average price of $41.35 and a 200 day moving average price of $39.02.

Old Republic International (NYSE:ORI) last issued its earnings results on Friday, October 24th. The insurance provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.28 billion. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. Sell-side analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current year.

Insider Activity

In related news, EVP Stephen J. Oberst sold 4,797 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the sale, the executive vice president owned 54,661 shares in the company, valued at $2,147,630.69. This represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Therace Risch bought 1,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $39.14 per share, for a total transaction of $39,140.00. Following the completion of the transaction, the director directly owned 10,625 shares of the company’s stock, valued at $415,862.50. This trade represents 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 owned by insiders.

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.