LSV Asset Management Sells 25,593 Shares of Old Republic International Co. (NYSE:ORI)

LSV Asset Management decreased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,606,707 shares of the insurance provider’s stock after selling 25,593 shares during the quarter. LSV Asset Management owned 0.58% of Old Republic International worth $49,358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC boosted its holdings in Old Republic International by 3.3% in the first quarter. Moloney Securities Asset Management LLC now owns 14,216 shares of the insurance provider’s stock valued at $437,000 after acquiring an additional 452 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Old Republic International by 5.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,424 shares of the insurance provider’s stock worth $248,000 after acquiring an additional 465 shares during the last quarter. Blue Trust Inc. increased its stake in Old Republic International by 62.7% in the 4th quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock valued at $37,000 after buying an additional 526 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Old Republic International by 3.7% during the 1st quarter. UMB Bank n.a. now owns 15,185 shares of the insurance provider’s stock worth $466,000 after purchasing an additional 538 shares during the period. Finally, Coldstream Capital Management Inc. raised its stake in shares of Old Republic International by 3.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 18,710 shares of the insurance provider’s stock valued at $550,000 after buying an additional 543 shares during the period. Institutional investors own 70.92% of the company’s stock.

Insider Activity

In other news, VP Thomas Dare sold 1,292 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $30.95, for a total transaction of $39,987.40. Following the sale, the vice president now directly owns 47,764 shares of the company’s stock, valued at $1,478,295.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Old Republic International news, VP Thomas Dare sold 1,292 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $30.95, for a total value of $39,987.40. Following the completion of the transaction, the vice president now owns 47,764 shares in the company, valued at $1,478,295.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Therace Risch bought 6,086 shares of Old Republic International stock in a transaction dated Tuesday, April 30th. The shares were acquired at an average cost of $29.77 per share, with a total value of $181,180.22. Following the completion of the purchase, the director now owns 6,086 shares in the company, valued at $181,180.22. The disclosure for this purchase can be found here. In the last quarter, insiders sold 9,172 shares of company stock worth $282,286. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

ORI has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 26th.

Old Republic International Stock Up 0.6 %

NYSE ORI traded up $0.20 during trading hours on Friday, reaching $31.29. 1,458,520 shares of the company’s stock traded hands, compared to its average volume of 1,621,766. Old Republic International Co. has a 52-week low of $25.32 and a 52-week high of $32.26. The firm has a 50-day simple moving average of $30.89 and a 200 day simple moving average of $29.89. The firm has a market cap of $8.51 billion, a PE ratio of 12.18 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.27 and a quick ratio of 0.27.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. Sell-side analysts anticipate that Old Republic International Co. will post 2.7 EPS for the current fiscal year.

Old Republic International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, June 4th were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.06 annualized dividend and a dividend yield of 3.39%. Old Republic International’s dividend payout ratio (DPR) is presently 41.25%.

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.