Old Republic International Corporation $ORI Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,632 shares of the insurance provider’s stock after purchasing an additional 16,319 shares during the quarter. Corient Private Wealth LLC’s holdings in Old Republic International were worth $4,640,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in Old Republic International by 230.6% in the fourth quarter. Bank of New York Mellon Corp now owns 11,852,387 shares of the insurance provider’s stock valued at $540,943,000 after buying an additional 8,266,829 shares during the last quarter. AQR Capital Management LLC increased its holdings in Old Republic International by 30.7% in 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 purchasing an additional 1,774,807 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Old Republic International by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,717,255 shares of the insurance provider’s stock valued at $285,268,000 after purchasing an additional 116,549 shares during the period. Geode Capital Management LLC raised its position in Old Republic International by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 4,181,149 shares of the insurance provider’s stock valued at $190,870,000 after purchasing an additional 72,857 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in Old Republic International by 0.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,949,102 shares of the insurance provider’s stock worth $170,364,000 after purchasing an additional 22,496 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of NYSE ORI opened at $41.16 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23. Old Republic International Corporation has a fifty-two week low of $35.60 and a fifty-two week high of $46.76. The firm has a market capitalization of $10.00 billion, a PE ratio of 11.04 and a beta of 0.59. The stock’s 50-day simple moving average is $39.33 and its 200-day simple moving average is $41.07.

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

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, June 5th. Old Republic International’s payout ratio is currently 33.78%.

Insider Activity

In other news, SVP Carolyn Monroe sold 13,330 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the transaction, the senior vice president owned 32,261 shares in the company, valued at approximately $1,250,436.36. This represents a 29.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.