Arbejdsmarkedets Tillaegspension Invests $24.54 Million in Old Republic International Corporation $ORI

Arbejdsmarkedets Tillaegspension acquired a new position in Old Republic International Corporation (NYSE:ORIFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 537,655 shares of the insurance provider’s stock, valued at approximately $24,539,000. Old Republic International comprises approximately 0.6% of Arbejdsmarkedets Tillaegspension’s holdings, making the stock its 21st biggest holding.

A number of other large investors have also recently made changes to their positions in ORI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Old Republic International by 30.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock worth $477,000 after buying an additional 2,867 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Old Republic International by 121.9% during the first quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock valued at $944,000 after purchasing an additional 13,224 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Old Republic International by 122.1% during the first quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock valued at $178,000 after purchasing an additional 2,493 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Old Republic International by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock valued at $62,480,000 after purchasing an additional 148,891 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its position in shares of Old Republic International by 31.8% during the second quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 2,028 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, Director John Eric Smith purchased 1,135 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $43.10 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 13,330 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the transaction, the senior vice president owned 32,261 shares of the company’s stock, valued at $1,250,436.36. This represents a 29.24% decrease in their position. 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. 1.32% of the stock is owned by insiders.

Old Republic International Stock Up 0.9%

Shares of NYSE:ORI opened at $39.15 on Friday. Old Republic International Corporation has a 12-month low of $35.60 and a 12-month high of $46.76. The stock has a fifty day simple moving average of $40.28 and a two-hundred day simple moving average of $41.98. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $9.51 billion, a price-to-earnings ratio of 10.49 and a beta of 0.63.

Old Republic International (NYSE:ORIGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.39 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, research analysts anticipate that Old Republic International Corporation will post 2.95 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 9th were paid a $0.315 dividend. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, March 9th. Old Republic International’s dividend payout ratio (DPR) is presently 33.78%.

Analyst Upgrades and Downgrades

ORI has been the topic of several research reports. Zacks Research lowered 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 target on Old Republic International in a research report on Monday, April 27th. Piper Sandler lifted their price target on Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Finally, Weiss Ratings lowered Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Old Republic International currently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Get Our Latest Analysis on Old Republic International

About Old Republic International

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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