24,958 Shares in Old Republic International Corporation $ORI Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new stake in Old Republic International Corporation (NYSE:ORI) in the fourth quarter, Holdings Channel.com reports. The firm acquired 24,958 shares of the insurance provider’s stock, valued at approximately $1,145,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Old Republic International by 0.5% during the third quarter. Vanguard Group Inc. now owns 25,470,798 shares of the insurance provider’s stock worth $1,081,745,000 after acquiring an additional 123,954 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Old Republic International by 30.7% during the 3rd quarter. AQR Capital Management LLC now owns 7,553,963 shares of the insurance provider’s stock valued at $319,155,000 after purchasing an additional 1,774,807 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Old Republic International by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,717,255 shares of the insurance provider’s stock valued at $285,268,000 after purchasing an additional 116,549 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Old Republic International by 2,840.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,926,606 shares of the insurance provider’s stock worth $166,763,000 after purchasing an additional 3,793,085 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Old Republic International by 19.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,585,558 shares of the insurance provider’s stock worth $152,279,000 after purchasing an additional 575,778 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ORI shares. Weiss Ratings lowered Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 27th. Piper Sandler increased their price target on shares of Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Raymond James Financial set a $44.00 price objective on shares of Old Republic International in a research report on Monday, April 27th. Finally, Zacks Research cut shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

Insider Buying and Selling at Old Republic International

In related news, Director John Eric Smith bought 1,135 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average cost of $43.10 per share, with a total value of $48,918.50. Following the completion of the purchase, the director directly owned 4,276 shares of the company’s stock, valued at $184,295.60. This trade represents a 36.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.32% of the company’s stock.

Old Republic International Price Performance

NYSE:ORI opened at $39.26 on Monday. The firm has a market capitalization of $9.53 billion, a price-to-earnings ratio of 10.52 and a beta of 0.63. Old Republic International Corporation has a 52-week low of $35.60 and a 52-week high of $46.76. The stock has a fifty day moving average of $40.64 and a 200 day moving average of $42.06. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. Old Republic International’s revenue was up 6.7% compared to the same quarter last year. On average, research analysts expect that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Monday, March 9th were given a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.2%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, March 9th. Old Republic International’s dividend payout ratio (DPR) is currently 33.78%.

Old Republic International 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.