DDD Partners LLC Has $21.21 Million Position in Old Republic International Corporation $ORI

Key Points

• DDD Partners LLC reduced its stake in Old Republic International Corporation by 11.1% to approximately $21.21 million, making it their 14th largest position.
• The company reported an earnings per share (EPS) of $0.78 for the last quarter, surpassing analyst expectations of $0.73, along with a revenue of $2.42 billion.
• Old Republic International announced a quarterly dividend of $0.29, with a current dividend yield of 2.8% and a payout ratio of 39.73%.

DDD Partners LLC lessened its holdings in Old Republic International Corporation (NYSE:ORI - Free Report) by 11.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 551,785 shares of the insurance provider's stock after selling 68,789 shares during the quarter. Old Republic International accounts for approximately 2.3% of DDD Partners LLC's investment portfolio, making the stock its 14th biggest position. DDD Partners LLC owned about 0.22% of Old Republic International worth $21,211,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ORI. GAMMA Investing LLC boosted its holdings in shares of Old Republic International by 23.4% in the 1st quarter. GAMMA Investing LLC now owns 5,526 shares of the insurance provider's stock valued at $217,000 after purchasing an additional 1,047 shares in the last quarter. Lecap Asset Management Ltd. lifted its stake in shares of Old Republic International by 315.8% in the 1st quarter. Lecap Asset Management Ltd. now owns 32,608 shares of the insurance provider's stock valued at $1,279,000 after acquiring an additional 24,765 shares during the last quarter. Golden State Equity Partners lifted its stake in shares of Old Republic International by 6.4% in the 1st quarter. Golden State Equity Partners now owns 19,442 shares of the insurance provider's stock valued at $763,000 after acquiring an additional 1,171 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of Old Republic International in the 1st quarter valued at $31,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Old Republic International by 28.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 304,140 shares of the insurance provider's stock valued at $11,928,000 after acquiring an additional 67,971 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Trading Up 0.5%

Shares of ORI stock traded up $0.20 during mid-day trading on Friday, hitting $40.93. The company's stock had a trading volume of 75,952 shares, compared to its average volume of 1,328,750. The company's fifty day simple moving average is $40.98 and its 200-day simple moving average is $38.61. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market cap of $10.17 billion, a PE ratio of 14.01 and a beta of 0.76.

Old Republic International (NYSE:ORI - Get Free Report) last issued its earnings results on Thursday, October 23rd. The insurance provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.28 billion. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%. As a group, equities research analysts expect 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 announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were paid a $0.29 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.16 annualized dividend and a dividend yield of 2.8%. Old Republic International's dividend payout ratio (DPR) is currently 39.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORI. Wall Street Zen cut Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Raymond James Financial raised Old Republic International from an "outperform" rating to a "strong-buy" rating and raised their target price for the stock from $43.00 to $47.00 in a research report on Monday, September 22nd. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Old Republic International in a research report on Wednesday, October 8th. Finally, Piper Sandler raised their target price on Old Republic International from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and an average target price of $47.00.

Insider Activity

In other news, SVP Carolyn Monroe sold 6,849 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $36.52, for a total value of $250,125.48. Following the completion of the sale, the senior vice president directly owned 35,755 shares in the company, valued at $1,305,772.60. This trade represents a 16.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Stephen J. Oberst sold 4,797 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $39.29, for a total value of $188,474.13. Following the completion of the sale, the executive vice president owned 54,661 shares of the company's stock, valued at approximately $2,147,630.69. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

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.

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