Inspire Investing LLC Has $3.49 Million Stake in Old Republic International Corporation $ORI

Inspire Investing LLC lifted its position in shares of Old Republic International Corporation (NYSE:ORI) by 16.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,491 shares of the insurance provider’s stock after purchasing an additional 12,320 shares during the period. Inspire Investing LLC’s holdings in Old Republic International were worth $3,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ORI. V Square Quantitative Management LLC bought a new stake in Old Republic International in the 4th quarter valued at $26,000. Torren Management LLC bought a new position in Old Republic International during the 4th quarter worth $27,000. Commonwealth Retirement Investments LLC bought a new position in Old Republic International during the 4th quarter worth $27,000. JPL Wealth Management LLC acquired a new stake in shares of Old Republic International during the third quarter worth $27,000. Finally, Quest 10 Wealth Builders Inc. acquired a new stake in shares of Old Republic International during the fourth quarter worth $31,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORI has been the topic of several research reports. Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Raymond James Financial set a $44.00 price objective on shares of Old Republic International in a research note on Monday, April 27th. Piper Sandler increased their target price on shares of Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Weiss Ratings cut shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Old Republic International currently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Old Republic International Stock Up 0.5%

Shares of ORI opened at $41.45 on Tuesday. Old Republic International Corporation has a one year low of $35.60 and a one year high of $46.76. The company has a market cap of $10.06 billion, a P/E ratio of 11.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a 50 day simple moving average of $39.33 and a two-hundred day simple moving average of $41.04.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 EPS. Research analysts forecast that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given a dividend of $0.315 per share. 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 currently 33.78%.

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 dated Tuesday, May 12th. The stock was 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 of the company’s stock, valued at $1,250,436.36. This trade represents a 29.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is currently owned by corporate insiders.

Old Republic International 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.