First Trust Advisors LP Boosts Stake in Old Republic International Corporation $ORI

First Trust Advisors LP grew its holdings in shares of Old Republic International Corporation (NYSE:ORIFree Report) by 18.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,823,545 shares of the insurance provider’s stock after acquiring an additional 441,094 shares during the period. First Trust Advisors LP’s holdings in Old Republic International were worth $112,659,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ORI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Old Republic International by 30.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock valued at $477,000 after buying an additional 2,867 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Old Republic International by 121.9% in the first quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock worth $944,000 after buying an additional 13,224 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Old Republic International by 122.1% in the first quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock worth $178,000 after buying an additional 2,493 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Old Republic International by 10.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock valued at $62,480,000 after acquiring an additional 148,891 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in Old Republic International by 31.8% in the second quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 2,028 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Raymond James Financial set a $44.00 price objective on shares of Old Republic International in a research note on Monday, April 27th. Piper Sandler boosted their target price on shares of Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Old Republic International in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Read Our Latest Report on ORI

Old Republic International News Summary

Here are the key news stories impacting Old Republic International this week:

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 13,330 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was 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 in the company, valued at approximately $1,250,436.36. This trade represents a 29.24% decrease in their ownership of the stock. 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. Insiders own 1.32% of the company’s stock.

Old Republic International Stock Down 0.7%

Shares of Old Republic International stock opened at $41.30 on Friday. 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 business’s 50 day simple moving average is $39.81 and its 200-day simple moving average is $40.53. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 11.07 and a beta of 0.58. Old Republic International Corporation has a twelve month low of $35.60 and a twelve month high of $46.76.

Old Republic International (NYSE:ORIGet Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts forecast that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders 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 yield of 3.1%. Old Republic International’s dividend payout ratio (DPR) is currently 33.78%.

About Old Republic International

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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