Inspire Investing LLC Purchases 34,044 Shares of Old Republic International Corporation $ORI

Inspire Investing LLC grew its position in Old Republic International Corporation (NYSE:ORI) by 67.3% during the third quarter, HoldingsChannel.com reports. The fund owned 84,624 shares of the insurance provider’s stock after acquiring an additional 34,044 shares during the quarter. Inspire Investing LLC’s holdings in Old Republic International were worth $3,594,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in Old Republic International by 55.7% during the second quarter. AQR Capital Management LLC now owns 5,779,156 shares of the insurance provider’s stock valued at $221,457,000 after purchasing an additional 2,066,965 shares during the last quarter. Hamlin Capital Management LLC increased its stake in Old Republic International by 0.3% during the second quarter. Hamlin Capital Management LLC now owns 5,207,228 shares of the insurance provider’s stock worth $200,166,000 after acquiring an additional 15,920 shares during the last quarter. Bank of New York Mellon Corp raised its position in Old Republic International by 3.1% during the second 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 purchasing an additional 91,544 shares during the period. Norges Bank bought a new stake in shares of Old Republic International in the 2nd quarter valued at approximately $115,071,000. Finally, LSV Asset Management boosted its holdings in shares of Old Republic International by 43.7% in the 2nd quarter. LSV Asset Management now owns 2,702,316 shares of the insurance provider’s stock worth $103,877,000 after purchasing an additional 821,975 shares during the period. Institutional investors own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ORI. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $43.00 to $47.00 in a research report on Monday, September 22nd. Piper Sandler raised their target price on shares of Old Republic International from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “buy (a)” rating on shares of Old Republic International in a research note on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, Old Republic International currently has a consensus rating of “Strong Buy” and an average price target of $49.00.

Old Republic International Stock Performance

Shares of Old Republic International stock opened at $46.62 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $43.31 and its two-hundred day moving average is $40.46. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $46.63. The company has a market capitalization of $11.54 billion, a PE ratio of 15.59 and a beta of 0.77.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Friday, October 24th. The insurance provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.28 billion. As a group, analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, January 2nd will be given a dividend of $2.50 per share. The ex-dividend date of this dividend is Friday, January 2nd. Old Republic International’s payout ratio is 38.80%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, Director Therace Risch bought 1,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were bought at an average cost of $39.14 per share, for a total transaction of $39,140.00. Following the acquisition, the director directly owned 10,625 shares in the company, valued at approximately $415,862.50. The trade was a 10.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Carolyn Monroe sold 6,680 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $44.54, for a total transaction of $297,527.20. Following the transaction, the senior vice president directly owned 29,075 shares in the company, valued at $1,295,000.50. This trade represents a 18.68% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate 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.