Inspire Investing LLC Sells 5,043 Shares of Old Republic International Corporation $ORI

Inspire Investing LLC decreased its holdings in Old Republic International Corporation (NYSE:ORI) by 8.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,200 shares of the insurance provider’s stock after selling 5,043 shares during the period. Inspire Investing LLC’s holdings in Old Republic International were worth $2,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. HWG Holdings LP acquired a new position in shares of Old Republic International during the first quarter worth $25,000. 1 North Wealth Services LLC acquired a new position in shares of Old Republic International during the first quarter worth $29,000. Quarry LP increased its position in shares of Old Republic International by 6,645.5% during the first quarter. Quarry LP now owns 742 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 731 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Old Republic International during the first quarter worth $31,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Old Republic International during the first quarter worth $34,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORI. Piper Sandler upped their price target on Old Republic International from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Wall Street Zen downgraded Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $43.50.

Old Republic International Price Performance

NYSE ORI opened at $40.60 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25. The stock’s fifty day moving average price is $38.09 and its 200 day moving average price is $37.80. Old Republic International Corporation has a 1 year low of $33.00 and a 1 year high of $41.15. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 13.90 and a beta of 0.78.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.04. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. The firm’s revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Old Republic International’s dividend payout ratio is presently 39.73%.

Insider Activity at Old Republic International

In related news, EVP Stephen J. Oberst sold 4,797 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Therace Risch bought 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was purchased at an average cost of $39.90 per share, for a total transaction of $59,850.00. Following the completion of the transaction, the director owned 9,625 shares in the company, valued at $384,037.50. This trade represents a 18.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

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.