Old Republic International Corporation $ORI Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lessened its holdings in shares of Old Republic International Corporation (NYSE:ORIFree Report) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 785,758 shares of the insurance provider’s stock after selling 21,433 shares during the period. Systematic Financial Management LP owned approximately 0.32% of Old Republic International worth $31,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORI. Bank of New York Mellon Corp grew its stake in shares of Old Republic International by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 12,241,253 shares of the insurance provider’s stock worth $488,426,000 after purchasing an additional 388,866 shares during the period. AQR Capital Management LLC increased its holdings in shares of Old Republic International by 30.7% in the 3rd quarter. AQR Capital Management LLC now owns 7,553,963 shares of the insurance provider’s stock valued at $319,155,000 after purchasing an additional 1,774,807 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Old Republic International by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 6,721,774 shares of the insurance provider’s stock valued at $268,202,000 after purchasing an additional 60,395 shares during the period. Geode Capital Management LLC lifted its stake in shares of Old Republic International by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 4,181,149 shares of the insurance provider’s stock valued at $190,870,000 after purchasing an additional 72,857 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings 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 worth $170,364,000 after buying an additional 22,496 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

More Old Republic International News

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Analysts Set New Price Targets

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

Get Our Latest Research Report on ORI

Old Republic International Trading Down 0.7%

NYSE:ORI opened at $41.30 on Friday. Old Republic International Corporation has a 52-week low of $35.60 and a 52-week high of $46.76. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $39.81 and a 200-day simple moving average of $40.53. The company has a market capitalization of $10.03 billion, a PE ratio of 11.07 and a beta of 0.58.

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

Old Republic International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, June 5th. Old Republic International’s dividend payout ratio is 33.78%.

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 13,330 shares of the stock in a transaction that occurred 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 in the company, valued at $1,250,436.36. This represents a 29.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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

(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.

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

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