Twin Capital Management Inc. Has $2.56 Million Holdings in Old Republic International Corporation $ORI

by · The Cerbat Gem

Twin Capital Management Inc. lifted its position in shares of Old Republic International Corporation (NYSE:ORIFree Report) by 2.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,526 shares of the insurance provider’s stock after acquiring an additional 1,704 shares during the quarter. Twin Capital Management Inc.’s holdings in Old Republic International were worth $2,557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1 North Wealth Services LLC bought a new position in shares of Old Republic International during the first quarter valued at $29,000. Quarry LP grew its position in shares of Old Republic International by 6,645.5% in the 1st quarter. Quarry LP now owns 742 shares of the insurance provider’s stock valued at $29,000 after buying an additional 731 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Old Republic International in the second quarter valued at about $34,000. N.E.W. Advisory Services LLC acquired a new position in shares of Old Republic International in the first quarter worth approximately $35,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Old Republic International in the first quarter worth approximately $36,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Up 1.6%

Shares of NYSE ORI opened at $40.70 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.64 and a debt-to-equity ratio of 0.25. The firm has a market cap of $10.07 billion, a PE ratio of 13.61 and a beta of 0.79. The company’s fifty day simple moving average is $41.06 and its 200 day simple moving average is $38.81. Old Republic International Corporation has a 12-month low of $33.00 and a 12-month high of $44.00.

Old Republic International (NYSE:ORIGet Free Report) last announced its quarterly earnings data on Friday, October 24th. The insurance provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.05. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.28 billion. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. As a group, sell-side analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, September 5th. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. Old Republic International’s payout ratio is currently 38.80%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ORI. Wall Street Zen downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday, October 8th. Piper Sandler cut their price target on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $43.00 to $47.00 in a report on Monday, September 22nd. Two 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 presently has a consensus rating of “Strong Buy” and a consensus price target of $46.50.

Get Our Latest Report on Old Republic International

Insider Activity at Old Republic International

In other news, Director Therace Risch bought 1,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were bought at an average cost of $39.14 per share, with a total value of $39,140.00. Following the completion of the transaction, the director directly owned 10,625 shares of the company’s stock, valued at $415,862.50. This trade represents a 10.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen J. Oberst sold 4,797 shares of Old Republic International stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the completion of the sale, the executive vice president directly owned 54,661 shares of the company’s stock, valued at approximately $2,147,630.69. The trade was a 8.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

About Old Republic International

(Free Report)

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.

See Also

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