Delta Asset Management LLC TN Has $3.38 Million Position in Old Republic International Corporation $ORI

Delta Asset Management LLC TN cut its holdings in Old Republic International Corporation (NYSE:ORI) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,030 shares of the insurance provider’s stock after selling 1,795 shares during the quarter. Delta Asset Management LLC TN’s holdings in Old Republic International were worth $3,384,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Old Republic International by 46.6% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 95,628 shares of the insurance provider’s stock worth $3,676,000 after purchasing an additional 30,384 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Old Republic International by 45.3% in the second quarter. Rockefeller Capital Management L.P. now owns 15,737 shares of the insurance provider’s stock worth $605,000 after buying an additional 4,909 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Old Republic International by 90.8% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 48,903 shares of the insurance provider’s stock worth $1,880,000 after acquiring an additional 23,273 shares in the last quarter. Woodley Farra Manion Portfolio Management Inc. increased its holdings in shares of Old Republic International by 1.4% during the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 105,693 shares of the insurance provider’s stock valued at $4,063,000 after acquiring an additional 1,499 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Old Republic International by 32.5% in the 2nd quarter. Intech Investment Management LLC now owns 170,104 shares of the insurance provider’s stock valued at $6,539,000 after acquiring an additional 41,761 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

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

Old Republic International Price Performance

NYSE:ORI opened at $44.37 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.64 and a quick ratio of 0.25. Old Republic International Corporation has a one year low of $33.00 and a one year high of $44.76. The company has a fifty day moving average price of $41.35 and a 200 day moving average price of $39.04. The stock has a market cap of $10.98 billion, a P/E ratio of 14.84 and a beta of 0.79.

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. The company 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%. Analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Insider Activity

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

About Old Republic International

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.