Elo Mutual Pension Insurance Co Has $2.08 Million Position in Old Republic International Corporation $ORI

Elo Mutual Pension Insurance Co lifted its position in shares of Old Republic International Corporation (NYSE:ORI) by 38.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,928 shares of the insurance provider’s stock after purchasing an additional 13,628 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Old Republic International were worth $2,078,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clearstead Trust LLC grew its holdings in Old Republic International by 65.6% during the third quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 288 shares during the period. Core Alternative Capital bought a new stake in Old Republic International in the third quarter valued at approximately $42,000. Caldwell Trust Co lifted its position in shares of Old Republic International by 75.0% in the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock valued at $45,000 after buying an additional 450 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Old Republic International during the 2nd quarter worth approximately $46,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Old Republic International by 29.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 274 shares during the period. 70.92% of the stock is owned by institutional investors.

Old Republic International Stock Performance

ORI opened at $42.46 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. The business has a fifty day simple moving average of $42.27 and a 200 day simple moving average of $42.24. Old Republic International Corporation has a 1 year low of $34.43 and a 1 year high of $46.76. The company has a market capitalization of $10.43 billion, a PE ratio of 12.53 and a beta of 0.73.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same period last year, the company posted $0.90 EPS. Research analysts expect that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be paid a $0.315 dividend. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, March 9th. This represents a $1.26 annualized dividend and a yield of 3.0%. Old Republic International’s dividend payout ratio is presently 34.22%.

Insider Transactions at Old Republic International

In related news, Director John Eric Smith acquired 1,135 shares of the stock in a transaction on Monday, March 2nd. The shares were purchased at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the purchase, the director directly owned 4,276 shares in the company, valued at approximately $184,295.60. The trade was a 36.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 5,526 shares of Old Republic International 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 of the company’s stock, valued at $1,094,930. This represents a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ORI. Piper Sandler restated a “neutral” rating and issued a $38.00 price target (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Weiss Ratings downgraded shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, February 27th. Finally, Zacks Research cut shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

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. 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.