Arbejdsmarkedets Tillaegspension Buys 108,687 Shares of Old Republic International Corporation $ORI

Arbejdsmarkedets Tillaegspension increased its stake in shares of Old Republic International Corporation (NYSE:ORI) by 20.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 646,342 shares of the insurance provider’s stock after buying an additional 108,687 shares during the quarter. Old Republic International comprises approximately 0.6% of Arbejdsmarkedets Tillaegspension’s investment portfolio, making the stock its 29th biggest position. Arbejdsmarkedets Tillaegspension’s holdings in Old Republic International were worth $25,789,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ORI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Old Republic International by 30.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock worth $477,000 after purchasing an additional 2,867 shares during the period. NewEdge Advisors LLC increased its holdings in Old Republic International by 121.9% in the 1st quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock valued at $944,000 after buying an additional 13,224 shares during the period. Jones Financial Companies Lllp increased its holdings in Old Republic International by 122.1% in the 1st quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock valued at $178,000 after buying an additional 2,493 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Old Republic International by 10.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock valued at $62,480,000 after buying an additional 148,891 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in shares of Old Republic International by 31.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 2,028 shares during the period. Institutional investors own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old Republic International in a report on Wednesday. Zacks Research raised Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Finally, Raymond James Financial set a $44.00 price target on Old Republic International in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.00.

Old Republic International Trading Up 0.0%

Shares of ORI stock opened at $41.44 on Monday. Old Republic International Corporation has a twelve month low of $35.60 and a twelve month high of $46.76. The stock’s fifty day simple moving average is $39.39 and its 200 day simple moving average is $40.80. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $10.06 billion, a P/E ratio of 11.11 and a beta of 0.58.

Old Republic International (NYSE:ORI) last posted 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). The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. Old Republic International’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 earnings per share. As a group, sell-side analysts predict that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given a dividend of $0.315 per share. The ex-dividend date was Friday, June 5th. This represents a $1.26 annualized dividend and a yield of 3.0%. Old Republic International’s dividend payout ratio (DPR) is currently 33.78%.

Insider Buying and Selling

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 transaction of $516,670.80. Following the completion of the transaction, the senior vice president owned 32,261 shares of the company’s stock, valued at approximately $1,250,436.36. This trade represents a 29.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is currently owned by corporate insiders.

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.