Securian Asset Management Inc. Trims Stock Position in Old Republic International Corporation $ORI

Securian Asset Management Inc. lessened its position in shares of Old Republic International Corporation (NYSE:ORI) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,317 shares of the insurance provider’s stock after selling 318 shares during the quarter. Securian Asset Management Inc.’s holdings in Old Republic International were worth $666,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ORI. GAMMA Investing LLC raised its position in shares of Old Republic International by 23.4% during the 1st quarter. GAMMA Investing LLC now owns 5,526 shares of the insurance provider’s stock valued at $217,000 after buying an additional 1,047 shares during the period. Alpine Bank Wealth Management purchased a new stake in shares of Old Republic International during the 1st quarter valued at approximately $31,000. Robeco Institutional Asset Management B.V. raised its position in shares of Old Republic International by 28.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 304,140 shares of the insurance provider’s stock valued at $11,928,000 after buying an additional 67,971 shares during the period. KBC Group NV raised its position in shares of Old Republic International by 10.8% during the 1st quarter. KBC Group NV now owns 10,224 shares of the insurance provider’s stock valued at $401,000 after buying an additional 996 shares during the period. Finally, Wealthstar Advisors LLC purchased a new stake in shares of Old Republic International during the 1st quarter valued at approximately $327,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on ORI shares. Raymond James Financial raised 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 report on Monday, September 22nd. Piper Sandler dropped 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. Weiss Ratings reiterated a “buy (a-)” rating on shares of Old Republic International in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus target price of $46.50.

Old Republic International Stock Down 0.6%

Old Republic International stock opened at $40.51 on Friday. The firm has a 50 day moving average price of $41.01 and a 200 day moving average price of $38.65. The company has a market capitalization of $10.06 billion, a PE ratio of 13.55 and a beta of 0.76. 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 fifty-two week low of $33.00 and a fifty-two week high of $44.00.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, October 23rd. The insurance provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.73 by $0.05. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.28 billion. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. Research analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were paid a $0.29 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. Old Republic International’s payout ratio is 39.73%.

Insiders Place Their Bets

In other Old Republic International news, Director Therace Risch purchased 1,500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was acquired at an average price of $39.90 per share, for a total transaction of $59,850.00. Following the completion of the purchase, the director directly owned 9,625 shares in the company, valued at approximately $384,037.50. The trade was a 18.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Stephen J. Oberst sold 4,797 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president owned 54,661 shares of the company’s stock, valued at approximately $2,147,630.69. This trade represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.