Old Republic International Corporation $ORI Stock Position Boosted by UBS Group AG

UBS Group AG boosted its stake in Old Republic International Corporation (NYSE:ORI) by 11.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,120,224 shares of the insurance provider’s stock after buying an additional 118,645 shares during the period. UBS Group AG owned 0.45% of Old Republic International worth $51,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Old Republic International by 0.5% in the third quarter. Vanguard Group Inc. now owns 25,470,798 shares of the insurance provider’s stock valued at $1,081,745,000 after buying an additional 123,954 shares during the period. AQR Capital Management LLC lifted its position in shares of Old Republic International by 30.7% during the 3rd quarter. AQR Capital Management LLC now owns 7,553,963 shares of the insurance provider’s stock valued at $319,155,000 after acquiring an additional 1,774,807 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Old Republic International by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,717,255 shares of the insurance provider’s stock valued at $285,268,000 after acquiring an additional 116,549 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Old Republic International by 2,840.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,926,606 shares of the insurance provider’s stock valued at $166,763,000 after acquiring an additional 3,793,085 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Old Republic International by 19.1% in the third quarter. Bank of New York Mellon Corp now owns 3,585,558 shares of the insurance provider’s stock worth $152,279,000 after buying an additional 575,778 shares during the period. Institutional investors own 70.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Raymond James Financial set a $44.00 price target on shares of Old Republic International in a research report on Monday, April 27th. Piper Sandler raised their price target on Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings lowered Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 27th. Finally, Zacks Research lowered Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Old Republic International currently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Insider Buying and Selling

In other news, Director John Eric Smith bought 1,135 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the acquisition, the director directly owned 4,276 shares of the company’s stock, valued at $184,295.60. The trade was a 36.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.32% of the stock is owned by company insiders.

Old Republic International Price Performance

NYSE ORI opened at $39.25 on Wednesday. Old Republic International Corporation has a fifty-two week low of $35.60 and a fifty-two week high of $46.76. The stock’s 50-day moving average is $40.74 and its two-hundred day moving average is $42.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.27. The firm has a market cap of $9.56 billion, a P/E ratio of 10.52 and a beta of 0.63.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 EPS. On average, analysts anticipate that Old Republic International Corporation will post 2.95 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Monday, March 9th were issued a $0.315 dividend. This is a boost from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, March 9th. This represents a $1.26 annualized dividend and a yield of 3.2%. Old Republic International’s payout ratio is 33.78%.

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. 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.