Old Republic International Corporation $ORI Shares Sold by Savant Capital LLC

Savant Capital LLC reduced its stake in Old Republic International Corporation (NYSE:ORI) by 90.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,829 shares of the insurance provider’s stock after selling 52,249 shares during the period. Savant Capital LLC’s holdings in Old Republic International were worth $266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Old Republic International in the fourth quarter valued at approximately $26,000. Torren Management LLC acquired a new position in Old Republic International in the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC acquired a new position in Old Republic International in the third quarter valued at approximately $27,000. Clearstead Trust LLC boosted its stake in Old Republic International by 65.6% in the third quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 288 shares during the period. Finally, Quest 10 Wealth Builders Inc. acquired a new position in Old Republic International in the fourth quarter valued at approximately $31,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 13,330 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total transaction of $516,670.80. Following the completion of the sale, the senior vice president directly owned 32,261 shares in the company, valued at $1,250,436.36. This represents a 29.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is owned by company insiders.

Old Republic International Price Performance

NYSE ORI opened at $38.12 on Friday. The stock has a market capitalization of $9.26 billion, a P/E ratio of 10.22 and a beta of 0.59. Old Republic International Corporation has a 1 year low of $35.60 and a 1 year high of $46.76. The business’s fifty day moving average is $39.80 and its two-hundred day moving average is $41.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23.

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

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be issued a $0.315 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.26 dividend on an annualized basis and a yield of 3.3%. Old Republic International’s dividend payout ratio is currently 33.78%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings downgraded Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, March 27th. Raymond James Financial set a $44.00 target price on Old Republic International in a research note on Monday, April 27th. Zacks Research downgraded Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Finally, Piper Sandler boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.00.

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.