Assetmark Inc. Has $1.25 Million Stake in Old Republic International Corporation $ORI

Assetmark Inc. reduced its holdings in shares of Old Republic International Corporation (NYSE:ORIFree Report) by 80.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,459 shares of the insurance provider’s stock after selling 126,487 shares during the quarter. Assetmark Inc.’s holdings in Old Republic International were worth $1,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ORI. V Square Quantitative Management LLC purchased a new position in Old Republic International in the 4th quarter worth approximately $26,000. Torren Management LLC purchased a new position in shares of Old Republic International in the 4th quarter worth approximately $27,000. Commonwealth Retirement Investments LLC purchased a new position in Old Republic International during the 4th quarter worth approximately $27,000. JPL Wealth Management LLC acquired a new position in shares of Old Republic International in the third quarter worth about $27,000. Finally, Quest 10 Wealth Builders Inc. acquired a new position in Old Republic International during the fourth quarter worth $31,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ORI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Old Republic International in a research note on Wednesday, July 8th. Piper Sandler dropped their price objective on shares of Old Republic International from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday. 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 target price 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 assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.50.

View Our Latest Report on ORI

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 13,330 shares of the business’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 sale, the senior vice president owned 32,261 shares of the company’s stock, valued at $1,250,436.36. The trade was a 29.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 insiders.

Old Republic International Stock Up 2.2%

Shares of NYSE:ORI opened at $42.23 on Friday. The company’s fifty day moving average is $39.86 and its 200-day moving average is $40.54. The company has a market capitalization of $10.26 billion, a PE ratio of 9.98 and a beta of 0.58. Old Republic International Corporation has a 52 week low of $35.60 and a 52 week high of $46.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.23 and a current ratio of 0.68.

Old Republic International (NYSE:ORIGet Free Report) last released its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.03). The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.38 billion. Old Republic International had a net margin of 11.71% and a return on equity of 15.41%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. Equities research analysts predict that Old Republic International Corporation will post 2.95 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

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

Old Republic International News Roundup

Here are the key news stories impacting Old Republic International this week:

Old Republic International Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ORI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Old Republic International Corporation (NYSE:ORIFree Report).

Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.