18,540 Shares in Old Republic International Corporation $ORI Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new position in shares of Old Republic International Corporation (NYSE:ORI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,540 shares of the insurance provider’s stock, valued at approximately $713,000.

A number of other large investors have also recently bought and sold shares of ORI. Brandywine Global Investment Management LLC increased its stake in Old Republic International by 15.9% in the first quarter. Brandywine Global Investment Management LLC now owns 635,855 shares of the insurance provider’s stock valued at $24,938,000 after acquiring an additional 87,398 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Old Republic International by 7.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,533,958 shares of the insurance provider’s stock worth $60,162,000 after purchasing an additional 108,711 shares during the last quarter. Foster & Motley Inc. boosted its holdings in shares of Old Republic International by 32.5% in the 2nd quarter. Foster & Motley Inc. now owns 40,272 shares of the insurance provider’s stock valued at $1,548,000 after purchasing an additional 9,876 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of Old Republic International by 83.2% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 22,702 shares of the insurance provider’s stock valued at $890,000 after purchasing an additional 10,312 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Old Republic International by 19.0% in the 1st quarter. Russell Investments Group Ltd. now owns 88,747 shares of the insurance provider’s stock valued at $3,480,000 after purchasing an additional 14,167 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORI has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday, October 8th. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $43.00 to $47.00 in a research note on Monday, September 22nd. Finally, Piper Sandler reduced their price target on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, Old Republic International has an average rating of “Strong Buy” and a consensus price target of $46.50.

Old Republic International Trading Up 1.6%

Shares of ORI stock opened at $45.79 on Monday. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $46.35. The stock’s fifty day simple moving average is $41.80 and its 200 day simple moving average is $39.28. The company has a quick ratio of 0.25, a current ratio of 0.64 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $11.33 billion, a P/E ratio of 15.32 and a beta of 0.79.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Friday, October 24th. The insurance provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.28 billion. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%. As a group, sell-side analysts predict that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 6,680 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $44.54, for a total transaction of $297,527.20. Following the completion of the transaction, the senior vice president owned 29,075 shares of the company’s stock, valued at approximately $1,295,000.50. This trade represents a 18.68% 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. Also, Director Therace Risch purchased 1,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $39.14 per share, for a total transaction of $39,140.00. Following the acquisition, the director owned 10,625 shares of the company’s stock, valued at $415,862.50. This trade represents a 10.39% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by company 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.