Global Retirement Partners LLC Boosts Holdings in Old Republic International Corporation $ORI

Global Retirement Partners LLC lifted its stake in Old Republic International Corporation (NYSE:ORI) by 6,183.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,760 shares of the insurance provider’s stock after acquiring an additional 13,541 shares during the period. Global Retirement Partners LLC’s holdings in Old Republic International were worth $628,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Old Republic International in the 4th quarter valued at $26,000. Torren Management LLC purchased a new position in Old Republic International during the 4th quarter worth $27,000. JPL Wealth Management LLC purchased a new position in Old Republic International during the 3rd quarter worth $27,000. Clearstead Trust LLC grew its position in Old Republic International by 65.6% during the 3rd 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 last quarter. Finally, Quest 10 Wealth Builders Inc. purchased a new position in Old Republic International during the 4th quarter worth $31,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 13,330 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the sale, the senior vice president owned 32,261 shares in the company, valued at approximately $1,250,436.36. This trade represents a 29.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Eric Smith bought 1,135 shares of Old Republic International stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $43.10 per share, with a total value of $48,918.50. Following the purchase, the director directly owned 4,276 shares in the company, valued at approximately $184,295.60. This trade represents a 36.13% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ORI shares. Weiss Ratings downgraded shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, March 27th. Piper Sandler raised their price objective on shares of Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Raymond James Financial set a $44.00 price objective on shares of Old Republic International in a research report on Monday, April 27th. One equities 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

Old Republic International Trading Up 0.2%

Shares of Old Republic International stock opened at $39.43 on Wednesday. Old Republic International Corporation has a 1 year low of $35.60 and a 1 year high of $46.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $9.57 billion, a P/E ratio of 10.57 and a beta of 0.63. The company’s fifty day moving average is $40.05 and its two-hundred day moving average is $41.98.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same quarter last year, the business posted $0.81 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. Analysts forecast that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, June 5th. Old Republic International’s dividend payout ratio (DPR) is 33.78%.

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.