Old Republic International Corporation $ORI Shares Purchased by Savant Capital LLC

Savant Capital LLC boosted its position in shares of Old Republic International Corporation (NYSE:ORI) by 33.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 49,212 shares of the insurance provider’s stock after acquiring an additional 12,452 shares during the quarter. Savant Capital LLC’s holdings in Old Republic International were worth $1,892,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ORI. Hamlin Capital Management LLC raised its stake in shares of Old Republic International by 0.3% in the second quarter. Hamlin Capital Management LLC now owns 5,207,228 shares of the insurance provider’s stock worth $200,166,000 after purchasing an additional 15,920 shares during the last quarter. AQR Capital Management LLC raised its position in Old Republic International by 96.9% during the 1st 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 last quarter. Northern Trust Corp raised its position in Old Republic International by 11.8% during the 1st quarter. Northern Trust Corp now owns 3,551,918 shares of the insurance provider’s stock worth $139,306,000 after buying an additional 375,916 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Old Republic International by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,009,780 shares of the insurance provider’s stock valued at $115,696,000 after acquiring an additional 91,544 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Old Republic International by 7.3% in the 1st quarter. Invesco Ltd. now owns 2,521,439 shares of the insurance provider’s stock valued at $98,891,000 after acquiring an additional 171,497 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In related news, Director Therace Risch acquired 1,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were acquired at an average cost of $39.90 per share, with a total value of $59,850.00. Following the completion of the acquisition, 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen J. Oberst sold 4,797 shares of Old Republic International 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 completion of the sale, the executive vice president owned 54,661 shares in the company, valued at approximately $2,147,630.69. This trade represents 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 Analyst Weigh In

Several research analysts recently issued reports on ORI shares. Piper Sandler reduced their target price on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $43.00 to $47.00 in a research report on Monday, September 22nd. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus price target of $46.50.

Old Republic International Stock Performance

Shares of ORI stock opened at $42.16 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.25 and a debt-to-equity ratio of 0.25. Old Republic International Corporation has a 12-month low of $33.00 and a 12-month high of $44.00. The business’s 50 day moving average is $41.17 and its two-hundred day moving average is $38.92. The company has a market capitalization of $10.43 billion, a P/E ratio of 14.10 and a beta of 0.79.

Old Republic International (NYSE:ORI) last announced its earnings results on Friday, October 24th. The insurance provider reported $0.78 earnings per share 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 business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.28 billion. Analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were issued a dividend of $0.29 per share. 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 (DPR) is presently 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.