Vanguard Group Inc. Decreases Stake in Old Republic International Co. (NYSE:ORI)

Vanguard Group Inc. trimmed its holdings in Old Republic International Co. (NYSE:ORI) by 0.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 26,495,483 shares of the insurance provider’s stock after selling 3,896 shares during the quarter. Vanguard Group Inc. owned about 9.52% of Old Republic International worth $778,967,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ORI. BKM Wealth Management LLC bought a new stake in shares of Old Republic International during the 4th quarter valued at $29,000. Naples Money Management LLC bought a new stake in Old Republic International during the fourth quarter valued at about $34,000. GAMMA Investing LLC purchased a new position in Old Republic International during the fourth quarter valued at approximately $34,000. Blue Trust Inc. boosted its position in shares of Old Republic International by 62.7% in the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 526 shares during the period. Finally, Global Retirement Partners LLC increased its stake in shares of Old Republic International by 526.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 1,110 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

ORI has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 26th.

Insider Activity

In other news, VP Thomas Dare sold 1,292 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $30.95, for a total transaction of $39,987.40. Following the completion of the sale, the vice president now owns 47,764 shares in the company, valued at approximately $1,478,295.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Old Republic International news, Director Therace Risch purchased 6,086 shares of Old Republic International stock in a transaction on Tuesday, April 30th. The stock was bought at an average cost of $29.77 per share, with a total value of $181,180.22. Following the transaction, the director now owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas Dare sold 1,292 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $30.95, for a total transaction of $39,987.40. Following the transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at approximately $1,478,295.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,172 shares of company stock worth $282,286. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Price Performance

Shares of ORI stock opened at $30.76 on Friday. The company has a market capitalization of $8.36 billion, a P/E ratio of 11.97 and a beta of 0.83. The company’s 50-day simple moving average is $30.66 and its two-hundred day simple moving average is $29.74. Old Republic International Co. has a one year low of $24.17 and a one year high of $32.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.27 and a quick ratio of 0.27.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. As a group, equities analysts anticipate that Old Republic International Co. will post 2.73 EPS for the current year.

Old Republic International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend was Tuesday, June 4th. Old Republic International’s payout ratio is 41.25%.

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.