LSV Asset Management Purchases 9,700 Shares of Old Republic International Co. (NYSE:ORI)

LSV Asset Management increased its position in shares of Old Republic International Co. (NYSE:ORI) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,665,707 shares of the insurance provider’s stock after buying an additional 9,700 shares during the period. LSV Asset Management’s holdings in Old Republic International were worth $60,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ORI. Wilmington Savings Fund Society FSB bought a new stake in Old Republic International in the 3rd quarter valued at $28,000. Fairway Wealth LLC acquired a new stake in shares of Old Republic International during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new stake in Old Republic International in the fourth quarter valued at about $34,000. Core Alternative Capital acquired a new position in Old Republic International in the fourth quarter worth about $36,000. Finally, Synergy Asset Management LLC bought a new position in Old Republic International during the fourth quarter worth about $39,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the sale, the senior vice president now directly owns 34,679 shares in the company, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,039 shares of company stock worth $1,580,733. Insiders own 1.00% of the company’s stock.

Old Republic International Trading Down 1.3 %

Shares of ORI stock opened at $36.55 on Friday. The company has a market capitalization of $9.03 billion, a P/E ratio of 13.90 and a beta of 0.68. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.84. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $37.23 and a 200 day moving average price of $36.58.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.29 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.17%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is currently 44.11%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Piper Sandler upped their price target on Old Republic International from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st.

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.