ProShare Advisors LLC Buys 107,253 Shares of Old Republic International Corporation $ORI

ProShare Advisors LLC boosted its stake in Old Republic International Corporation (NYSE:ORI) by 12.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 980,303 shares of the insurance provider’s stock after buying an additional 107,253 shares during the quarter. ProShare Advisors LLC owned approximately 0.40% of Old Republic International worth $41,633,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ORI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Old Republic International by 30.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock worth $477,000 after purchasing an additional 2,867 shares during the last quarter. NewEdge Advisors LLC boosted its position in Old Republic International by 121.9% in the first quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock valued at $944,000 after buying an additional 13,224 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Old Republic International by 122.1% during the first quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock worth $178,000 after buying an additional 2,493 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Old Republic International by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock worth $62,480,000 after buying an additional 148,891 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its stake in shares of Old Republic International by 31.8% in the second quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock valued at $323,000 after acquiring an additional 2,028 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Zacks Research cut Old Republic International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $38.00 price target (down from $51.00) on shares of Old Republic International in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Old Republic International Price Performance

ORI opened at $41.09 on Tuesday. The company has a fifty day moving average price of $43.14 and a two-hundred day moving average price of $41.64. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.64. Old Republic International Corporation has a 52 week low of $34.43 and a 52 week high of $46.76. The firm has a market capitalization of $10.17 billion, a PE ratio of 12.12 and a beta of 0.75.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. As a group, analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Investors 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 dividend payout ratio (DPR) is presently 34.22%.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 6,680 shares of the 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 sale, the senior vice president directly owned 29,075 shares in the company, valued at approximately $1,295,000.50. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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. 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.