Live Oak Investment Partners Invests $1.27 Million in Old Republic International Corporation $ORI

Live Oak Investment Partners bought a new position in shares of Old Republic International Corporation (NYSE:ORI) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 29,972 shares of the insurance provider’s stock, valued at approximately $1,273,000.

A number of other institutional investors have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its position in Old Republic International by 29.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 274 shares in the last quarter. Burney Co. raised its holdings in shares of Old Republic International by 0.3% in the second quarter. Burney Co. now owns 89,901 shares of the insurance provider’s stock valued at $3,456,000 after purchasing an additional 276 shares during the last quarter. Centennial Wealth Advisory LLC lifted its position in shares of Old Republic International by 2.3% in the third quarter. Centennial Wealth Advisory LLC now owns 13,099 shares of the insurance provider’s stock worth $556,000 after purchasing an additional 289 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Old Republic International by 37.1% in the third quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 298 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Old Republic International by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider’s stock worth $3,532,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In other Old Republic International news, Director Therace Risch bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average cost of $39.14 per share, with a total value of $39,140.00. Following the acquisition, the director owned 10,625 shares of the company’s stock, valued at $415,862.50. The trade was a 10.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 6,680 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $44.54, for a total value of $297,527.20. Following the sale, the senior vice president directly owned 29,075 shares of the company’s stock, valued at $1,295,000.50. This represents a 18.68% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Raymond James Financial upgraded shares of 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 research note on Monday, September 22nd. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Finally, Piper Sandler upped their target price on Old Republic International from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus price target of $49.00.

Old Republic International Stock Performance

Shares of ORI opened at $43.03 on Tuesday. The company has a market cap of $10.65 billion, a PE ratio of 14.39 and a beta of 0.76. The firm has a 50-day moving average of $44.55 and a 200-day moving average of $41.31. Old Republic International Corporation has a one year low of $34.43 and a one year high of $46.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.26 and a quick ratio of 0.26.

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

Old Republic International Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, January 2nd were paid a dividend of $2.50 per share. The ex-dividend date was Friday, January 2nd. Old Republic International’s payout ratio is currently 38.80%.

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.