13,308 Shares in Old Republic International Corporation $ORI Acquired by Aviva PLC

Aviva PLC bought a new stake in Old Republic International Corporation (NYSE:ORI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,308 shares of the insurance provider’s stock, valued at approximately $512,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ORI. 1 North Wealth Services LLC purchased a new stake in shares of Old Republic International during the 1st quarter valued at $29,000. Quarry LP grew its position in Old Republic International by 6,645.5% in the first quarter. Quarry LP now owns 742 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 731 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Old Republic International in the second quarter valued at $34,000. N.E.W. Advisory Services LLC purchased a new stake in Old Republic International during the first quarter valued at about $35,000. Finally, Meeder Asset Management Inc. bought a new stake in Old Republic International during the first quarter worth about $36,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In other Old Republic International news, Director Therace Risch bought 1,000 shares of Old Republic International stock in a transaction dated Monday, November 3rd. The shares were purchased at an average cost of $39.14 per share, with a total value of $39,140.00. Following the completion of the purchase, the director owned 10,625 shares of the company’s stock, valued at approximately $415,862.50. This represents a 10.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen J. Oberst sold 4,797 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $39.29, for a total value of $188,474.13. Following the completion of the sale, the executive vice president directly owned 54,661 shares of the company’s stock, valued at $2,147,630.69. The trade was a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Old Republic International Trading Up 1.9%

Shares of ORI opened at $43.46 on Friday. The stock has a market capitalization of $10.76 billion, a P/E ratio of 14.54 and a beta of 0.79. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $44.00. The company has a quick ratio of 0.25, a current ratio of 0.64 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $41.27 and a two-hundred day simple moving average of $38.98.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Friday, October 24th. The insurance provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.28 billion. On average, research analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current year.

Analyst Upgrades and Downgrades

ORI has been the topic of several recent research reports. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $43.00 to $47.00 in a research report on Monday, September 22nd. Weiss Ratings reiterated a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday, October 8th. Finally, Piper Sandler lowered their price objective on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus price target of $46.50.

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.