American National Bank & Trust Has $1.91 Million Position in Old Republic International Corporation $ORI

American National Bank & Trust increased its position in shares of Old Republic International Corporation (NYSE:ORI) by 80.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,000 shares of the insurance provider’s stock after buying an additional 20,000 shares during the quarter. American National Bank & Trust’s holdings in Old Republic International were worth $1,911,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. raised its holdings in shares of Old Republic International by 29.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 274 shares during the last quarter. Burney Co. grew its position in Old Republic International by 0.3% in the second quarter. Burney Co. now owns 89,901 shares of the insurance provider’s stock valued at $3,456,000 after purchasing an additional 276 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in Old Republic International by 37.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock valued at $47,000 after buying an additional 298 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Old Republic International by 0.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider’s stock worth $3,532,000 after buying an additional 300 shares in the last quarter. Finally, Signet Financial Management LLC lifted its position in Old Republic International by 3.0% during the 2nd quarter. Signet Financial Management LLC now owns 11,135 shares of the insurance provider’s stock worth $428,000 after buying an additional 320 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ORI. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $43.00 to $47.00 in a research note on Monday, September 22nd. Finally, Piper Sandler upped their price objective on Old Republic International from $46.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Strong Buy” and a consensus target price of $49.00.

Old Republic International Trading Down 5.2%

Old Republic International stock opened at $43.28 on Friday. The stock has a 50-day simple moving average of $43.93 and a 200 day simple moving average of $40.87. The stock has a market capitalization of $10.71 billion, a P/E ratio of 14.47 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.26. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $46.76.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Friday, October 24th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%. Analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current 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 issued a $2.50 dividend. The ex-dividend date is Friday, January 2nd. Old Republic International’s payout ratio is currently 38.80%.

Insider Buying and Selling at Old Republic International

In related news, Director Therace Risch purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $39.14 per share, for a total transaction of $39,140.00. Following the purchase, the director owned 10,625 shares in the company, valued at approximately $415,862.50. This represents a 10.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 6,680 shares of the 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 completion of the transaction, the senior vice president directly owned 29,075 shares in the company, valued at approximately $1,295,000.50. This represents a 18.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by insiders.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.