47,254 Shares in Old Republic International Corporation $ORI Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Old Republic International Corporation (NYSE:ORI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 47,254 shares of the insurance provider’s stock, valued at approximately $2,157,000.

A number of other institutional investors have also made changes to their positions in ORI. V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International during the fourth quarter worth $26,000. Torren Management LLC acquired a new stake in shares of Old Republic International during the fourth quarter worth $27,000. JPL Wealth Management LLC acquired a new stake in shares of Old Republic International during the third quarter worth $27,000. Clearstead Trust LLC grew its stake in shares of Old Republic International by 65.6% during the third quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 288 shares during the period. Finally, Quest 10 Wealth Builders Inc. acquired a new stake in shares of Old Republic International during the fourth quarter worth $31,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ORI shares. Raymond James Financial set a $44.00 price objective on Old Republic International in a research note on Monday, April 27th. Zacks Research cut Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Piper Sandler boosted their target price on Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Weiss Ratings cut Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.00.

Insider Transactions at Old Republic International

In other news, Director John Eric Smith purchased 1,135 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $43.10 per share, for a total transaction of $48,918.50. Following the completion of the acquisition, the director directly owned 4,276 shares in the company, valued at approximately $184,295.60. This trade represents a 36.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 13,330 shares of the business’s stock in a transaction dated 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 sale, the senior vice president owned 32,261 shares in the company, valued at approximately $1,250,436.36. This trade represents a 29.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

Old Republic International Stock Up 0.7%

NYSE:ORI opened at $39.85 on Thursday. Old Republic International Corporation has a 1 year low of $35.60 and a 1 year high of $46.76. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 10.68 and a beta of 0.63. The stock has a 50-day moving average price of $40.11 and a two-hundred day moving average price of $41.99.

Old Republic International (NYSE:ORI) last posted its 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). Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. As a group, equities analysts expect that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, June 5th. Old Republic International’s payout ratio is 33.78%.

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.