Dimensional Fund Advisors LP Purchases 60,395 Shares of Old Republic International Corporation $ORI

Dimensional Fund Advisors LP raised its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,721,774 shares of the insurance provider’s stock after purchasing an additional 60,395 shares during the period. Dimensional Fund Advisors LP’s holdings in Old Republic International were worth $268,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new position in Old Republic International in the fourth quarter valued at approximately $2,592,000. Oak Thistle LLC acquired a new stake in Old Republic International during the 4th quarter worth $1,264,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Old Republic International by 8.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 708,917 shares of the insurance provider’s stock valued at $30,159,000 after purchasing an additional 57,728 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Old Republic International in the 4th quarter valued at $2,157,000. Finally, Jefferson Bridge Capital LLC bought a new position in shares of Old Republic International in the 4th quarter worth $2,663,000. Institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Old Republic International Stock Performance

ORI stock opened at $41.63 on Thursday. The business’s 50-day moving average price is $39.76 and its two-hundred day moving average price is $40.54. 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 cap of $10.11 billion, a PE ratio of 11.16 and a beta of 0.58. Old Republic International Corporation has a 1-year low of $35.60 and a 1-year high of $46.76.

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

Insider Activity

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

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.