Inspire Investing LLC Has $1.94 Million Stake in Old Republic International Corporation $ORI

Inspire Investing LLC decreased its position in Old Republic International Corporation (NYSE:ORI) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,580 shares of the insurance provider’s stock after selling 5,620 shares during the quarter. Inspire Investing LLC’s holdings in Old Republic International were worth $1,944,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. HWG Holdings LP bought a new position in shares of Old Republic International in the 1st quarter valued at about $25,000. 1 North Wealth Services LLC bought a new position in shares of Old Republic International in the 1st quarter valued at about $29,000. Quarry LP grew its holdings in shares of Old Republic International by 6,645.5% in the 1st quarter. Quarry LP now owns 742 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 731 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Old Republic International in the 1st quarter valued at about $31,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Old Republic International in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Trading Up 0.2%

Shares of ORI stock opened at $43.16 on Friday. The firm has a 50 day moving average price of $40.16 and a two-hundred day moving average price of $38.39. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $10.72 billion, a PE ratio of 14.78 and a beta of 0.76. Old Republic International Corporation has a 12-month low of $33.00 and a 12-month high of $44.00.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. Old Republic International’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were given a dividend of $0.29 per share. The ex-dividend date was Friday, September 5th. This represents a $1.16 annualized dividend and a yield of 2.7%. Old Republic International’s dividend payout ratio (DPR) is 39.73%.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 6,849 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $36.52, for a total transaction of $250,125.48. Following the completion of the sale, the senior vice president directly owned 35,755 shares in the company, valued at $1,305,772.60. This trade represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Stephen J. Oberst sold 4,797 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $39.29, for a total transaction of $188,474.13. Following the sale, the executive vice president owned 54,661 shares of the company’s stock, valued at $2,147,630.69. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ORI has been the subject of several analyst reports. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $43.00 to $47.00 in a report on Monday, September 22nd. Weiss Ratings restated a “buy (a-)” rating on shares of Old Republic International in a report on Wednesday. Wall Street Zen cut Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Piper Sandler lifted their price target on Old Republic International from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus price target of $47.00.

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.