Assetmark Inc. Raises Holdings in Old Republic International Corporation $ORI

Assetmark Inc. grew its stake in shares of Old Republic International Corporation (NYSE:ORI) by 19.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,238 shares of the insurance provider’s stock after acquiring an additional 24,059 shares during the quarter. Assetmark Inc.’s holdings in Old Republic International were worth $6,168,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Core Alternative Capital purchased a new stake in Old Republic International during the 3rd quarter worth approximately $42,000. Caldwell Trust Co lifted its stake in shares of Old Republic International by 75.0% during the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after buying an additional 450 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Old Republic International during the second quarter valued at $46,000. SBI Securities Co. Ltd. increased its position in shares of 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 during the period. Finally, SJS Investment Consulting Inc. increased its position in shares of Old Republic International by 37.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 298 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORI has been the subject of a number of research reports. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 price target (down previously from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Zacks Research cut Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reiterated a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Old Republic International presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Insider Activity at Old Republic International

In related news, SVP Carolyn Monroe sold 5,526 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the transaction, the senior vice president directly owned 27,875 shares in the company, valued at $1,094,930. The trade was a 16.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Old Republic International Stock Performance

NYSE ORI opened at $42.59 on Tuesday. The firm has a market capitalization of $10.54 billion, a P/E ratio of 12.56 and a beta of 0.75. The stock has a 50-day simple moving average of $43.01 and a two-hundred day simple moving average of $41.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.64. Old Republic International Corporation has a fifty-two week low of $34.43 and a fifty-two week high of $46.76.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same quarter in the previous year, the company earned $0.90 EPS. On average, 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 company also recently disclosed 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 of this dividend was Friday, January 2nd. Old Republic International’s dividend payout ratio (DPR) is presently 34.22%.

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.