Aaron Wealth Advisors LLC Takes $614,000 Position in Old Republic International Corporation $ORI

Aaron Wealth Advisors LLC bought a new stake in Old Republic International Corporation (NYSE:ORI) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 14,448 shares of the insurance provider’s stock, valued at approximately $614,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORI. AQR Capital Management LLC raised its position in shares of Old Republic International by 55.7% in the second quarter. AQR Capital Management LLC now owns 5,779,156 shares of the insurance provider’s stock worth $221,457,000 after acquiring an additional 2,066,965 shares during the period. Hamlin Capital Management LLC raised its holdings in Old Republic International by 0.3% in the 2nd quarter. Hamlin Capital Management LLC now owns 5,207,228 shares of the insurance provider’s stock worth $200,166,000 after purchasing an additional 15,920 shares during the period. Northern Trust Corp raised its holdings 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 during the period. Bank of New York Mellon Corp boosted its position in Old Republic International by 3.1% during the second 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 in the last quarter. Finally, Norges Bank acquired a new stake in Old Republic International in the second quarter valued at approximately $115,071,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 6,680 shares of the business’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 transaction, the senior vice president owned 29,075 shares of the company’s stock, valued at approximately $1,295,000.50. The trade was a 18.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Therace Risch acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $39.14 per share, with a total value of $39,140.00. Following the acquisition, the director directly owned 10,625 shares of the company’s stock, valued at $415,862.50. This trade represents a 10.39% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by corporate insiders.

Old Republic International Stock Performance

ORI opened at $45.80 on Friday. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $46.63. The firm has a market capitalization of $11.33 billion, a PE ratio of 15.32 and a beta of 0.77. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $43.06 and its 200 day moving average price is $40.21.

Old Republic International (NYSE:ORI) last released its earnings results on Friday, October 24th. The insurance provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.28 billion. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. As a group, sell-side analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, January 2nd will be paid a dividend of $2.50 per share. The ex-dividend date of this dividend is Friday, January 2nd. Old Republic International’s payout ratio is 38.80%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ORI. Piper Sandler boosted their price objective on Old Republic International from $46.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday, October 8th. Finally, Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $43.00 to $47.00 in a research report on Monday, September 22nd. 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 stock has an average rating of “Strong Buy” and an average target price of $49.00.

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.