Signaturefd LLC Has $220,000 Stock Holdings in Old Republic International Corporation $ORI

Signaturefd LLC lifted its holdings in Old Republic International Corporation (NYSE:ORI) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,735 shares of the insurance provider’s stock after buying an additional 352 shares during the period. Signaturefd LLC’s holdings in Old Republic International were worth $220,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hamlin Capital Management LLC boosted its position in shares of Old Republic International by 1.6% in the first quarter. Hamlin Capital Management LLC now owns 5,191,308 shares of the insurance provider’s stock worth $203,603,000 after buying an additional 79,796 shares during the period. AQR Capital Management LLC boosted its position in shares of Old Republic International by 96.9% in the first quarter. AQR Capital Management LLC now owns 3,712,191 shares of the insurance provider’s stock worth $145,481,000 after buying an additional 1,827,180 shares during the period. Northern Trust Corp boosted its position in shares of Old Republic International by 11.8% in the first quarter. Northern Trust Corp now owns 3,551,918 shares of the insurance provider’s stock worth $139,306,000 after buying an additional 375,916 shares during the period. Bank of New York Mellon Corp boosted its position in Old Republic International by 3.6% during the first quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider’s stock valued at $114,453,000 after purchasing an additional 100,264 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Old Republic International by 7.3% during the first quarter. Invesco Ltd. now owns 2,521,439 shares of the insurance provider’s stock valued at $98,891,000 after purchasing an additional 171,497 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Transactions at Old Republic International

In related news, Director Therace Risch acquired 1,500 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was acquired at an average price of $39.90 per share, with a total value of $59,850.00. Following the completion of the transaction, the director owned 9,625 shares of the company’s stock, valued at approximately $384,037.50. This represents a 18.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Stephen J. Oberst sold 4,797 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $39.29, for a total value of $188,474.13. Following the transaction, the executive vice president owned 54,661 shares in the company, valued at $2,147,630.69. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $42.90 on Friday. Old Republic International Corporation has a fifty-two week low of $33.00 and a fifty-two week high of $42.93. The business has a 50-day moving average of $39.30 and a two-hundred day moving average of $38.17. The stock has a market capitalization of $10.66 billion, a P/E ratio of 14.69 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The firm’s revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts predict that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were paid a $0.29 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. Old Republic International’s payout ratio is presently 39.73%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ORI. Piper Sandler lifted their price objective on Old Republic International from $41.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $43.00 to $47.00 in a research report on Monday, September 22nd. Finally, Wall Street Zen cut Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, Old Republic International currently has a consensus rating of “Strong Buy” and a consensus target price of $46.00.

Old Republic International Company 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 Republic Financial Indemnity Group Run-off Business.