Russell Investments Group Ltd. grew its stake in shares of Old Republic International Co. (NYSE:ORI – Free Report) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,818 shares of the insurance provider’s stock after acquiring an additional 11,435 shares during the period. Russell Investments Group Ltd.’s holdings in Old Republic International were worth $2,565,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new stake in Old Republic International during the first quarter worth approximately $25,000. Belpointe Asset Management LLC acquired a new stake in Old Republic International during the fourth quarter worth approximately $28,000. Stonebridge Capital Advisors LLC lifted its position in Old Republic International by 130.9% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,411 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 800 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in Old Republic International during the second quarter worth approximately $34,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in Old Republic International during the first quarter worth approximately $40,000. 70.66% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
ORI has been the subject of several research reports. Piper Sandler raised their price objective on shares of Old Republic International from $27.00 to $31.00 in a research report on Friday, July 28th. StockNews.com initiated coverage on shares of Old Republic International in a research report on Thursday, August 17th. They issued a “buy” rating for the company.
Insider Buying and Selling at Old Republic International
In other news, Director Barbara Adachi acquired 3,620 shares of the stock in a transaction on Wednesday, August 2nd. The stock was acquired at an average cost of $27.64 per share, for a total transaction of $100,056.80. Following the completion of the transaction, the director now directly owns 5,920 shares in the company, valued at $163,628.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other Old Republic International news, EVP Stephen J. Oberst sold 26,500 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $27.68, for a total transaction of $733,520.00. Following the sale, the executive vice president now owns 68,574 shares of the company’s stock, valued at $1,898,128.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara Adachi bought 3,620 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were bought at an average cost of $27.64 per share, for a total transaction of $100,056.80. Following the purchase, the director now owns 5,920 shares of the company’s stock, valued at approximately $163,628.80. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.
Old Republic International Stock Up 0.3 %
NYSE ORI opened at $27.27 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26. Old Republic International Co. has a 1-year low of $20.27 and a 1-year high of $29.89. The company has a 50 day moving average of $26.32 and a 200-day moving average of $25.59. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 10.33 and a beta of 0.79.
Old Republic International (NYSE:ORI – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Old Republic International had a net margin of 10.18% and a return on equity of 13.20%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.93 billion. On average, equities research analysts expect that Old Republic International Co. will post 2.6 earnings per share for the current fiscal year.
Old Republic International Profile
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 the Republic Financial Indemnity Group Run-off Business.
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