Thrivent Financial for Lutherans Has $166.76 Million Stock Position in Old Republic International Corporation $ORI

Thrivent Financial for Lutherans grew its stake in shares of Old Republic International Corporation (NYSE:ORI) by 2,840.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,926,606 shares of the insurance provider’s stock after purchasing an additional 3,793,085 shares during the period. Thrivent Financial for Lutherans owned approximately 1.58% of Old Republic International worth $166,763,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ORI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Old Republic International by 30.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock valued at $477,000 after purchasing an additional 2,867 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Old Republic International by 121.9% during the 1st quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock worth $944,000 after purchasing an additional 13,224 shares during the period. Jones Financial Companies Lllp boosted its stake in Old Republic International by 122.1% in the first quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock valued at $178,000 after acquiring an additional 2,493 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Old Republic International by 10.3% during 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 acquiring an additional 148,891 shares during the period. Finally, Sivia Capital Partners LLC increased its position in Old Republic International by 31.8% in the second quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock worth $323,000 after buying an additional 2,028 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Stock Performance

Old Republic International stock opened at $39.17 on Friday. The stock’s 50 day moving average is $43.78 and its 200 day moving average is $41.43. The company has a quick ratio of 0.26, a current ratio of 0.64 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $9.69 billion, a P/E ratio of 11.55 and a beta of 0.76. Old Republic International Corporation has a twelve month low of $34.43 and a twelve month high of $46.76.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.15). The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.31 billion. Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. During the same period last year, the company posted $0.90 earnings per share. On average, equities research analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, January 2nd were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 2nd. Old Republic International’s payout ratio is presently 34.22%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Old Republic International news, Director Therace Risch purchased 1,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $39.14 per share, for a total transaction of $39,140.00. Following the purchase, the director owned 10,625 shares of the company’s stock, valued at approximately $415,862.50. This represents a 10.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Carolyn Monroe sold 6,680 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $44.54, for a total transaction of $297,527.20. Following the transaction, the senior vice president owned 29,075 shares of the company’s stock, valued at approximately $1,295,000.50. This represents a 18.68% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Old Republic International Company 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.