Old Republic International Corporation $ORI Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its position in Old Republic International Corporation (NYSE:ORI) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 807,191 shares of the insurance provider’s stock after selling 64,770 shares during the quarter. Systematic Financial Management LP’s holdings in Old Republic International were worth $36,840,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Old Republic International by 0.5% in the 3rd 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 during the period. AQR Capital Management LLC grew its holdings in shares of Old Republic International by 30.7% in the 3rd quarter. AQR Capital Management LLC now owns 7,553,963 shares of the insurance provider’s stock worth $319,155,000 after acquiring an additional 1,774,807 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Old Republic International by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,717,255 shares of the insurance provider’s stock worth $285,268,000 after acquiring an additional 116,549 shares during the period. Thrivent Financial for Lutherans grew its holdings in Old Republic International by 0.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,949,102 shares of the insurance provider’s stock valued at $170,364,000 after buying an additional 22,496 shares during the last quarter. Finally, Bank of New York Mellon Corp grew 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 valued at $152,279,000 after buying an additional 575,778 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 13,330 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $38.76, for a total transaction of $516,670.80. Following the sale, the senior vice president owned 32,261 shares in the company, valued at $1,250,436.36. This trade represents a 29.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Eric Smith acquired 1,135 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were acquired at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the acquisition, the director directly owned 4,276 shares of the company’s stock, valued at approximately $184,295.60. The trade was a 36.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.32% of the stock is owned by company insiders.

Old Republic International Stock Performance

Shares of NYSE ORI opened at $39.35 on Friday. The company has a market cap of $9.55 billion, a PE ratio of 10.55 and a beta of 0.63. Old Republic International Corporation has a 12 month low of $35.60 and a 12 month high of $46.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.23. The company has a 50-day simple moving average of $40.08 and a 200-day simple moving average of $41.97.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 earnings per share. On average, equities analysts anticipate that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.315 per share. The ex-dividend date is Friday, June 5th. This represents a $1.26 annualized dividend and a dividend yield of 3.2%. Old Republic International’s dividend payout ratio (DPR) is 33.78%.

Analysts Set New Price Targets

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

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.