Live Oak Investment Partners Invests $1.27 Million in Old Republic International Corporation $ORI

Live Oak Investment Partners bought a new position in shares of Old Republic International Corporation (NYSE:ORI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 29,972 shares of the insurance provider’s stock, valued at approximately $1,273,000.

A number of other large investors have also recently bought and sold shares of the stock. Ameritas Advisory Services LLC acquired a new position in Old Republic International during the second quarter worth $34,000. Caldwell Trust Co grew its holdings in shares of Old Republic International by 75.0% in the 3rd quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 450 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Old Republic International in the 2nd quarter worth about $46,000. SBI Securities Co. Ltd. increased its position in shares of Old Republic International by 29.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 274 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in Old Republic International by 37.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 298 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, Director Therace Risch bought 1,000 shares of the business’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 transaction, the director owned 10,625 shares in the company, valued at approximately $415,862.50. This trade represents a 10.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Carolyn Monroe sold 6,680 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $44.54, for a total transaction of $297,527.20. Following the completion of the transaction, the senior vice president directly owned 29,075 shares in the company, valued at approximately $1,295,000.50. The trade was a 18.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on ORI. Weiss Ratings restated a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Piper Sandler lifted their target price on shares of Old Republic International from $46.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Finally, Raymond James Financial upgraded 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. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Strong Buy” and an average target price of $49.00.

Old Republic International Trading Down 0.7%

ORI opened at $43.03 on Tuesday. Old Republic International Corporation has a 1-year low of $34.43 and a 1-year high of $46.76. The stock has a market capitalization of $10.65 billion, a PE ratio of 14.39 and a beta of 0.76. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $44.55 and a two-hundred day moving average price of $41.31.

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

Old Republic International Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, January 2nd were given a $2.50 dividend. The ex-dividend date was Friday, January 2nd. 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. 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.