Old Republic International Corporation $ORI Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 1.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,181,149 shares of the insurance provider’s stock after acquiring an additional 72,857 shares during the quarter. Geode Capital Management LLC’s holdings in Old Republic International were worth $190,870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Old Republic International by 0.5% during the third quarter. Vanguard Group Inc. now owns 25,470,798 shares of the insurance provider’s stock valued at $1,081,745,000 after buying an additional 123,954 shares in the last quarter. AQR Capital Management LLC lifted its position in Old Republic International by 30.7% during the third quarter. AQR Capital Management LLC now owns 7,553,963 shares of the insurance provider’s stock valued at $319,155,000 after buying an additional 1,774,807 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Old Republic International by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,717,255 shares of the insurance provider’s stock valued at $285,268,000 after buying an additional 116,549 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Old Republic International by 0.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,949,102 shares of the insurance provider’s stock valued at $170,364,000 after buying an additional 22,496 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in Old Republic International by 98.0% during the third quarter. Captrust Financial Advisors now owns 3,197,538 shares of the insurance provider’s stock valued at $135,799,000 after buying an additional 1,582,895 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Old Republic International Trading Down 0.1%

NYSE ORI opened at $37.09 on Thursday. The company’s fifty day simple moving average is $39.86 and its 200-day simple moving average is $41.78. Old Republic International Corporation has a 52 week low of $35.60 and a 52 week 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 $9.01 billion, a P/E ratio of 9.94 and a beta of 0.59.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The firm had revenue of $2.40 billion for 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 company’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts predict that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, June 5th. Old Republic International’s payout ratio is 33.78%.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 13,330 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the sale, the senior vice president directly owned 32,261 shares of the company’s stock, valued at $1,250,436.36. This represents a 29.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 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.