Old Republic International Corporation $ORI Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. trimmed its stake in shares of Old Republic International Corporation (NYSE:ORI) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,605 shares of the insurance provider’s stock after selling 2,905 shares during the period. Ameritas Investment Partners Inc.’s holdings in Old Republic International were worth $4,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ORI. 1 North Wealth Services LLC acquired a new stake in shares of Old Republic International during the 1st quarter worth approximately $29,000. Quarry LP boosted its holdings in Old Republic International by 6,645.5% during the first quarter. Quarry LP now owns 742 shares of the insurance provider’s stock worth $29,000 after buying an additional 731 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Old Republic International during the second quarter worth $34,000. N.E.W. Advisory Services LLC acquired a new stake in Old Republic International during the first quarter valued at $35,000. Finally, Meeder Asset Management Inc. purchased a new position in Old Republic International in the first quarter valued at $36,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ORI. Piper Sandler lowered their target price on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Old Republic International in a report on Wednesday, October 8th. Finally, Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $43.00 to $47.00 in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average price target of $46.50.

Insiders Place Their Bets

In other Old Republic International news, Director Therace Risch purchased 1,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $39.14 per share, for a total transaction of $39,140.00. Following the completion of the transaction, the director owned 10,625 shares of the company’s stock, valued at $415,862.50. The trade was a 10.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Carolyn Monroe sold 6,680 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $44.54, for a total transaction of $297,527.20. Following the sale, the senior vice president directly owned 29,075 shares of the company’s stock, valued at approximately $1,295,000.50. This represents a 18.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Old Republic International Price Performance

Shares of Old Republic International stock opened at $45.66 on Tuesday. The stock has a market capitalization of $11.30 billion, a P/E ratio of 15.27 and a beta of 0.79. The business has a 50 day simple moving average of $41.91 and a two-hundred day simple moving average of $39.34. Old Republic International Corporation has a 12 month low of $33.00 and a 12 month high of $46.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.64 and a quick ratio of 0.25.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Friday, October 24th. The insurance provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.73 by $0.05. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%.The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.28 billion. As a group, analysts predict that Old Republic International Corporation will post 3.17 EPS 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 Republic Financial Indemnity Group Run-off Business.