Dimensional Fund Advisors LP Increases Stock Holdings in Old Republic International Corporation $ORI

Dimensional Fund Advisors LP increased its stake in shares of Old Republic International Corporation (NYSE:ORI) by 1.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,717,255 shares of the insurance provider’s stock after acquiring an additional 116,549 shares during the period. Dimensional Fund Advisors LP owned approximately 2.71% of Old Republic International worth $285,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cresset Asset Management LLC grew its position in Old Republic International by 31.6% in the third quarter. Cresset Asset Management LLC now owns 49,037 shares of the insurance provider’s stock valued at $2,083,000 after acquiring an additional 11,784 shares in the last quarter. Picton Mahoney Asset Management raised its stake in shares of Old Republic International by 74,706.1% during the third quarter. Picton Mahoney Asset Management now owns 24,686 shares of the insurance provider’s stock valued at $1,049,000 after purchasing an additional 24,653 shares during the period. Focus Partners Advisor Solutions LLC lifted its position in shares of Old Republic International by 5.6% during the third quarter. Focus Partners Advisor Solutions LLC now owns 44,075 shares of the insurance provider’s stock worth $1,859,000 after purchasing an additional 2,333 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its position in shares of Old Republic International by 38.6% during the third quarter. Elo Mutual Pension Insurance Co now owns 48,928 shares of the insurance provider’s stock worth $2,078,000 after purchasing an additional 13,628 shares in the last quarter. Finally, Journey Strategic Wealth LLC purchased a new position in shares of Old Republic International in the third quarter valued at $224,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Old Republic International stock opened at $41.90 on Friday. The stock has a market cap of $10.30 billion, a P/E ratio of 12.36 and a beta of 0.73. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $42.08 and a 200-day moving average of $42.26. Old Republic International Corporation has a 52 week low of $34.43 and a 52 week high of $46.76.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results 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 return on equity of 16.21% and a net margin of 10.24%.During the same quarter in the prior year, the business posted $0.90 earnings per share. On average, analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.315 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.26 annualized dividend and a yield of 3.0%. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. Old Republic International’s dividend payout ratio (DPR) is 34.22%.

Insider Activity

In related news, Director John Eric Smith bought 1,135 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $43.10 per share, with a total value of $48,918.50. Following the transaction, the director owned 4,276 shares of the company’s stock, valued at approximately $184,295.60. This trade represents a 36.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Carolyn Monroe sold 5,526 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the transaction, the senior vice president directly owned 27,875 shares in the company, valued at $1,094,930. The trade was a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ORI has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Old Republic International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Weiss Ratings lowered shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, February 27th. Finally, Piper Sandler reissued a “neutral” rating and issued a $38.00 price objective (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Old Republic International currently has an average rating of “Moderate Buy” and an average price target of $42.50.

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.