Old Republic International Corporation $ORI Stock Holdings Lessened by DDD Partners LLC

DDD Partners LLC cut its stake in shares of Old Republic International Corporation (NYSE:ORI) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,558 shares of the insurance provider’s stock after selling 63,227 shares during the quarter. Old Republic International accounts for 1.3% of DDD Partners LLC’s portfolio, making the stock its 14th largest holding. DDD Partners LLC owned 0.20% of Old Republic International worth $20,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Ellsworth Advisors LLC purchased a new stake in Old Republic International during the third quarter valued at about $6,000,000. Vest Financial LLC purchased a new stake in shares of Old Republic International in the 3rd quarter valued at approximately $1,517,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Old Republic International by 261.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 277,350 shares of the insurance provider’s stock valued at $11,779,000 after acquiring an additional 200,692 shares in the last quarter. American National Bank & Trust boosted its stake in Old Republic International by 80.0% in the 3rd quarter. American National Bank & Trust now owns 45,000 shares of the insurance provider’s stock worth $1,911,000 after purchasing an additional 20,000 shares during the period. Finally, Inspire Investing LLC grew its position in Old Republic International by 67.3% during the 3rd quarter. Inspire Investing LLC now owns 84,624 shares of the insurance provider’s stock worth $3,594,000 after purchasing an additional 34,044 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $42.59 on Friday. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 12.56 and a beta of 0.75. Old Republic International Corporation has a 1 year low of $34.43 and a 1 year high of $46.76. The company has a current ratio of 0.64, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $43.03 and a 200 day simple moving average of $41.75.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the company earned $0.90 earnings per share. As a group, sell-side analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, January 2nd were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 2nd. Old Republic International’s dividend payout ratio (DPR) is presently 34.22%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ORI. Weiss Ratings restated a “buy (a)” rating on shares of Old Republic International in a report on Wednesday, December 24th. Piper Sandler reissued a “neutral” rating and set a $38.00 price target (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Finally, Zacks Research lowered Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Old Republic International has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 5,526 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the sale, the senior vice president directly owned 27,875 shares of the company’s stock, valued at $1,094,930. The trade was a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.