Strs Ohio Has $232,000 Stake in Old Republic International Corporation $ORI

Strs Ohio trimmed its stake in shares of Old Republic International Corporation (NYSE:ORI) by 93.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,464 shares of the insurance provider’s stock after selling 79,509 shares during the quarter. Strs Ohio’s holdings in Old Republic International were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ORI. SBI Securities Co. Ltd. raised its holdings in 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 during the last quarter. Burney Co. increased its position in shares of Old Republic International by 0.3% during the second quarter. Burney Co. now owns 89,901 shares of the insurance provider’s stock worth $3,456,000 after buying an additional 276 shares during the period. Centennial Wealth Advisory LLC raised its stake in Old Republic International by 2.3% during the third quarter. Centennial Wealth Advisory LLC now owns 13,099 shares of the insurance provider’s stock worth $556,000 after buying an additional 289 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in Old Republic International by 37.1% in the third quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock valued at $47,000 after buying an additional 298 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Old Republic International by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider’s stock valued at $3,532,000 after buying an additional 300 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORI. Weiss Ratings restated a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Zacks Research lowered shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $38.00 price target (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.50.

Old Republic International Stock Up 0.2%

Old Republic International stock opened at $39.27 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.64. The stock has a market cap of $9.72 billion, a PE ratio of 11.58 and a beta of 0.75. Old Republic International Corporation has a fifty-two week low of $34.43 and a fifty-two week high of $46.76. The firm’s 50-day simple moving average is $43.65 and its 200 day simple moving average is $41.48.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same quarter in the previous year, the firm earned $0.90 EPS. Research analysts predict that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, January 2nd were paid a $2.50 dividend. The ex-dividend date was Friday, January 2nd. Old Republic International’s dividend payout ratio is 34.22%.

Insider Activity

In other news, SVP Carolyn Monroe sold 6,680 shares of Old Republic International stock in a transaction on Friday, November 14th. The stock was sold at an average price of $44.54, for a total transaction of $297,527.20. Following the sale, the senior vice president directly owned 29,075 shares in the company, valued at $1,295,000.50. The trade was a 18.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate 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. 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.