Old Republic International Corporation $ORI Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Old Republic International Corporation (NYSE:ORI) by 21.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,060,505 shares of the insurance provider’s stock after buying an additional 365,039 shares during the period. Charles Schwab Investment Management Inc. owned 0.83% of Old Republic International worth $79,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hamlin Capital Management LLC boosted its position in Old Republic International by 0.3% during the second quarter. Hamlin Capital Management LLC now owns 5,207,228 shares of the insurance provider’s stock worth $200,166,000 after acquiring an additional 15,920 shares during the last quarter. AQR Capital Management LLC raised its holdings in Old Republic International by 96.9% in the 1st quarter. AQR Capital Management LLC now owns 3,712,191 shares of the insurance provider’s stock valued at $145,481,000 after acquiring an additional 1,827,180 shares during the last quarter. Northern Trust Corp lifted its stake in Old Republic International by 11.8% in the 1st quarter. Northern Trust Corp now owns 3,551,918 shares of the insurance provider’s stock worth $139,306,000 after purchasing an additional 375,916 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Old Republic International by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,009,780 shares of the insurance provider’s stock worth $115,696,000 after purchasing an additional 91,544 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of Old Republic International by 43.7% in the second quarter. LSV Asset Management now owns 2,702,316 shares of the insurance provider’s stock valued at $103,877,000 after purchasing an additional 821,975 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Trading Down 0.6%

Shares of Old Republic International stock opened at $46.11 on Friday. The stock has a 50 day moving average of $42.45 and a 200 day moving average of $39.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.64. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 15.42 and a beta of 0.79. Old Republic International Corporation has a fifty-two week low of $33.00 and a fifty-two week high of $46.63.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Friday, October 24th. The insurance provider reported $0.78 earnings per share (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 for the quarter, compared to analyst estimates of $2.28 billion. As a group, research analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, December 5th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, December 5th. Old Republic International’s dividend payout ratio is currently 38.80%.

Analysts Set New Price Targets

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

Insider Activity at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 6,680 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $44.54, for a total value of $297,527.20. Following the sale, the senior vice president owned 29,075 shares of the company’s stock, valued at $1,295,000.50. The trade was a 18.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Therace Risch purchased 1,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were purchased at an average price of $39.90 per share, for a total transaction of $59,850.00. Following the completion of the purchase, the director directly owned 9,625 shares of the company’s stock, valued at $384,037.50. This represents a 18.46% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

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.