Old Republic International Corporation $ORI Shares Purchased by Inscription Capital LLC

Inscription Capital LLC boosted its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 204.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,568 shares of the insurance provider’s stock after acquiring an additional 13,145 shares during the period. Inscription Capital LLC’s holdings in Old Republic International were worth $831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ORI. SBI Securities Co. Ltd. increased its stake in shares of Old Republic International by 29.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 274 shares in the last quarter. Burney Co. increased its position in Old Republic International by 0.3% during the second quarter. Burney Co. now owns 89,901 shares of the insurance provider’s stock worth $3,456,000 after buying an additional 276 shares in the last quarter. Centennial Wealth Advisory LLC raised its holdings in shares of Old Republic International by 2.3% in the third quarter. Centennial Wealth Advisory LLC now owns 13,099 shares of the insurance provider’s stock worth $556,000 after acquiring an additional 289 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Old Republic International by 37.1% in the third quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 298 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Old Republic International by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider’s stock valued at $3,532,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insiders Place Their Bets

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

Old Republic International Stock Down 0.1%

ORI opened at $43.02 on Wednesday. Old Republic International Corporation has a 12 month low of $34.43 and a 12 month high of $46.76. The business has a 50-day moving average of $44.56 and a two-hundred day moving average of $41.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 14.39 and a beta of 0.76.

Old Republic International (NYSE:ORI) last released its earnings results on Friday, October 24th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.28 billion. On average, research analysts expect 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 special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, January 2nd were paid a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 2nd. Old Republic International’s payout ratio is currently 38.80%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “buy (a)” rating on shares of Old Republic International in a report on Wednesday, December 24th. Piper Sandler upped their price objective on shares of Old Republic International from $46.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of $49.00.

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. 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.