LSV Asset Management Purchases 92,836 Shares of Old Republic International Corporation $ORI

LSV Asset Management increased its position in shares of Old Republic International Corporation (NYSE:ORI) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,795,152 shares of the insurance provider’s stock after buying an additional 92,836 shares during the period. LSV Asset Management owned 1.13% of Old Republic International worth $118,710,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Core Alternative Capital bought a new position in shares of Old Republic International in the 3rd quarter valued at about $42,000. Caldwell Trust Co lifted its stake in Old Republic International by 75.0% in the 3rd quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 450 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in Old Republic International by 37.1% during the third quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 298 shares during the period. Headlands Technologies LLC acquired a new position in Old Republic International during the second quarter worth approximately $46,000. Finally, SBI Securities Co. Ltd. raised its stake in Old Republic International by 29.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $47,000 after buying an additional 274 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 5,526 shares of Old Republic International stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the sale, the senior vice president owned 27,875 shares in the company, valued at $1,094,930. The trade was a 16.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Zacks Research downgraded Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Old Republic International in a report on Wednesday, December 24th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $38.00 price objective (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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Old Republic International Price Performance

Shares of NYSE ORI opened at $42.62 on Friday. The firm has a market cap of $10.55 billion, a P/E ratio of 12.57 and a beta of 0.75. The business’s 50 day moving average is $43.03 and its 200-day moving average is $41.70. The company has a current ratio of 0.64, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a 1-year low of $34.43 and a 1-year high of $46.76.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.90 earnings per share. Equities research analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, January 14th. Investors 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 dividend payout ratio (DPR) is currently 34.22%.

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.