Jefferies Financial Group Inc. Makes New $2.59 Million Investment in Old Republic International Corporation $ORI

Jefferies Financial Group Inc. purchased a new position in Old Republic International Corporation (NYSE:ORI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 56,798 shares of the insurance provider’s stock, valued at approximately $2,592,000.

Several other institutional investors have also added to or reduced their stakes in ORI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Old Republic International by 30.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock worth $477,000 after acquiring an additional 2,867 shares during the period. NewEdge Advisors LLC raised its position in 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 acquiring an additional 13,224 shares during the period. Jones Financial Companies Lllp raised its position in 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 acquiring an additional 2,493 shares during the period. Goldman Sachs Group Inc. raised its position 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 worth $62,480,000 after acquiring an additional 148,891 shares during the period. Finally, Sivia Capital Partners LLC raised its position 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 worth $323,000 after acquiring an additional 2,028 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ORI. Weiss Ratings downgraded shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, March 27th. Piper Sandler raised their price objective on shares of Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Raymond James Financial set a $44.00 price objective on shares of Old Republic International in a research report on Monday, April 27th. Finally, Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Insider Buying and Selling at Old Republic International

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 completion of the transaction, the senior vice president directly owned 32,261 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Eric Smith bought 1,135 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were bought at an average cost of $43.10 per share, with a total value of $48,918.50. Following the completion of the purchase, the director directly owned 4,276 shares of the company’s stock, valued at $184,295.60. This represents a 36.13% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.32% of the company’s stock.

Old Republic International Stock Up 0.2%

Shares of ORI stock opened at $39.43 on Wednesday. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 10.57 and a beta of 0.63. Old Republic International Corporation has a one year low of $35.60 and a one year high of $46.76. The company’s fifty day moving average price is $40.05 and its 200-day moving average price is $41.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.23.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Sell-side analysts expect that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, June 5th. Old Republic International’s dividend payout ratio (DPR) is presently 33.78%.

About Old Republic International

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.