Susquehanna Fundamental Investments LLC Sells 12,800 Shares of Old Republic International Corporation $ORI

Susquehanna Fundamental Investments LLC decreased its position in Old Republic International Corporation (NYSE:ORI) by 51.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,962 shares of the insurance provider’s stock after selling 12,800 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Old Republic International were worth $489,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ORI. Commonwealth Retirement Investments LLC acquired a new stake in Old Republic International during the 4th quarter worth $27,000. JPL Wealth Management LLC acquired a new position in Old Republic International in the third quarter valued at about $27,000. Hilton Head Capital Partners LLC bought a new stake in shares of Old Republic International in the fourth quarter worth about $38,000. International Assets Investment Management LLC bought a new stake in shares of Old Republic International in the fourth quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Old Republic International by 28.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 222 shares during the period. Institutional investors own 70.92% of the company’s stock.

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 1,788 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $42.26, for a total transaction of $75,560.88. Following the completion of the transaction, the senior vice president directly owned 32,261 shares of the company’s stock, valued at $1,363,349.86. This trade represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Stephen J. Oberst sold 13,125 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $43.96, for a total transaction of $576,975.00. Following the transaction, the executive vice president directly owned 82,205 shares of the company’s stock, valued at $3,613,731.80. This represents a 13.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 28,988 shares of company stock valued at $1,268,458. 1.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ORI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Old Republic International in a report on Wednesday, July 8th. Piper Sandler lowered their target price on Old Republic International from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Finally, Zacks Research upgraded shares of Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.50.

Old Republic International Trading Up 0.9%

ORI opened at $42.08 on Thursday. The stock has a market capitalization of $10.16 billion, a P/E ratio of 9.95 and a beta of 0.57. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.38. Old Republic International Corporation has a 12 month low of $36.65 and a 12 month high of $46.76. The firm’s fifty day simple moving average is $42.15 and its 200 day simple moving average is $40.78.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the company posted $0.81 EPS. Old Republic International’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts anticipate that Old Republic International Corporation will post 2.91 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued a dividend of $0.315 per share. The ex-dividend date is Friday, September 4th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. Old Republic International’s dividend payout ratio (DPR) is presently 29.79%.

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. 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.