Inspire Investing LLC Has $3.49 Million Stock Holdings in Old Republic International Corporation $ORI

Inspire Investing LLC grew its position in shares of Old Republic International Corporation (NYSE:ORI) by 16.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,491 shares of the insurance provider’s stock after acquiring an additional 12,320 shares during the quarter. Inspire Investing LLC’s holdings in Old Republic International were worth $3,491,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in shares of Old Republic International in the fourth quarter worth $26,000. Torren Management LLC acquired a new position in Old Republic International during the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC bought a new position in Old Republic International in the fourth quarter valued at $27,000. JPL Wealth Management LLC acquired a new stake in Old Republic International in the 3rd quarter valued at $27,000. Finally, Quest 10 Wealth Builders Inc. bought a new stake in Old Republic International during the 4th quarter worth about $31,000. 70.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORI has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, March 27th. Piper Sandler lifted their target price on Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Zacks Research lowered Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial set a $44.00 price target on Old Republic International in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.00.

Old Republic International Stock Up 0.5%

ORI stock opened at $41.45 on Tuesday. 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 firm has a market capitalization of $10.06 billion, a PE ratio of 11.11 and a beta of 0.60. Old Republic International Corporation has a 1-year low of $35.60 and a 1-year high of $46.76. The business’s 50 day simple moving average is $39.33 and its 200 day simple moving average is $41.04.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the business earned $0.81 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, research analysts anticipate that Old Republic International Corporation will post 2.95 EPS for the current year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a $0.315 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.26 annualized dividend and a dividend yield of 3.0%. Old Republic International’s dividend payout ratio is presently 33.78%.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 13,330 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is owned by 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.