Elo Mutual Pension Insurance Co Purchases 13,628 Shares of Old Republic International Corporation $ORI

Elo Mutual Pension Insurance Co boosted its position in shares of Old Republic International Corporation (NYSE:ORI) by 38.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,928 shares of the insurance provider’s stock after purchasing an additional 13,628 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Old Republic International were worth $2,078,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC grew its holdings in shares of Old Republic International by 65.6% in the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after buying an additional 288 shares during the period. Core Alternative Capital bought a new position in Old Republic International during the third quarter worth about $42,000. Caldwell Trust Co grew its stake in Old Republic International by 75.0% in the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 450 shares during the period. SJS Investment Consulting Inc. grew its stake in 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 during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Old Republic International in the second quarter worth about $46,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ORI has been the topic of several recent analyst reports. Weiss Ratings cut Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, February 27th. Zacks Research lowered shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, Piper Sandler reiterated 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. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Insider Transactions at Old Republic International

In related news, Director John Eric Smith bought 1,135 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the completion of the acquisition, the director owned 4,276 shares of the company’s stock, valued at approximately $184,295.60. The trade was a 36.13% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 5,526 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the transaction, the senior vice president owned 27,875 shares of the company’s stock, valued at approximately $1,094,930. This represents a 16.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Old Republic International Trading Up 0.2%

NYSE ORI opened at $42.46 on Thursday. Old Republic International Corporation has a 52 week low of $34.43 and a 52 week high of $46.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s 50 day moving average price is $42.27 and its two-hundred day moving average price is $42.24. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 12.53 and a beta of 0.73.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. During the same quarter last year, the company 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 fiscal year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be given a dividend of $0.315 per share. This is a boost from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.26 annualized dividend and a yield of 3.0%. Old Republic International’s payout ratio is presently 34.22%.

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.