Old Republic International Corporation $ORI Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in shares of Old Republic International Corporation (NYSE:ORI) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 174,458 shares of the insurance provider’s stock after buying an additional 1,665 shares during the period. PNC Financial Services Group Inc.’s holdings in Old Republic International were worth $6,706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORI. 1 North Wealth Services LLC acquired a new position in Old Republic International in the 1st quarter valued at $29,000. Quarry LP grew its position in shares of Old Republic International by 6,645.5% in the first quarter. Quarry LP now owns 742 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 731 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Old Republic International in the second quarter valued at $34,000. N.E.W. Advisory Services LLC acquired a new position in Old Republic International in the first quarter valued at $35,000. Finally, Meeder Asset Management Inc. purchased a new position in Old Republic International during the first quarter worth about $36,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, Director Therace Risch bought 1,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $39.14 per share, with a total value of $39,140.00. Following the purchase, the director owned 10,625 shares in the company, valued at approximately $415,862.50. The trade was a 10.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen J. Oberst sold 4,797 shares of Old Republic International stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the transaction, the executive vice president owned 54,661 shares in the company, valued at $2,147,630.69. The trade was a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Old Republic International Stock Up 2.1%

Shares of NYSE:ORI opened at $44.37 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.64. Old Republic International Corporation has a 1 year low of $33.00 and a 1 year high of $44.76. The stock has a market capitalization of $10.98 billion, a P/E ratio of 14.84 and a beta of 0.79. The stock has a 50-day simple moving average of $41.35 and a 200-day simple moving average of $39.04.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Friday, October 24th. The insurance provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.28 billion. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. Equities analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on ORI shares. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $43.00 to $47.00 in a report on Monday, September 22nd. Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday, October 8th. Finally, Piper Sandler lowered their target price on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of $46.50.

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.