WINTON GROUP Ltd Invests $6.52 Million in Old Republic International Corporation $ORI

WINTON GROUP Ltd purchased a new stake in shares of Old Republic International Corporation (NYSE:ORI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 153,591 shares of the insurance provider’s stock, valued at approximately $6,523,000.

Several other large investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC boosted its holdings in Old Republic International by 65.6% in the third quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 288 shares during the period. Core Alternative Capital acquired a new stake in shares of Old Republic International during the third quarter worth $42,000. Caldwell Trust Co raised its holdings in shares of Old Republic International by 75.0% during the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 450 shares during the period. Headlands Technologies LLC bought a new position in shares of Old Republic International in the 2nd quarter worth about $46,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Old Republic International by 29.0% in the 2nd 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. 70.92% of the stock is currently owned by institutional investors.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 5,526 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.28, for a total transaction of $217,061.28. Following the transaction, the senior vice president owned 27,875 shares in the company, valued at $1,094,930. This trade represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Eric Smith bought 1,135 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average cost of $43.10 per share, for a total transaction of $48,918.50. Following the acquisition, the director owned 4,276 shares of the company’s stock, valued at $184,295.60. This represents a 36.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

Old Republic International Trading Down 0.4%

Shares of ORI stock opened at $41.90 on Monday. Old Republic International Corporation has a 1 year low of $34.43 and a 1 year high of $46.76. The firm has a market capitalization of $10.30 billion, a PE ratio of 12.36 and a beta of 0.73. The stock has a fifty day moving average of $42.08 and a two-hundred day moving average of $42.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. During the same period last year, the business earned $0.90 EPS. As a group, research analysts expect that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be given a dividend of $0.315 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, March 9th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. Old Republic International’s payout ratio is presently 34.22%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. 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. Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings lowered shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, February 27th. One investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

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.