Old Republic International Corporation (NYSE:ORI) Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in Old Republic International by 0.3%, holding 7,108,195 shares valued at approximately $278.8 million after selling 24,548 shares.
• Old Republic International recently announced a quarterly dividend of $0.29 per share, with an annual yield of 3.0% and a payout ratio of 39.73%.
• Analysts have mixed views on the stock, with Raymond James setting a price target of $42.00 while Piper Sandler has reduced it to $41.00, and Wall Street Zen has downgraded the stock from "buy" to "hold."

Dimensional Fund Advisors LP decreased its stake in Old Republic International Corporation (NYSE:ORI - Free Report) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,108,195 shares of the insurance provider's stock after selling 24,548 shares during the period. Dimensional Fund Advisors LP owned 2.88% of Old Republic International worth $278,775,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Atria Wealth Solutions Inc. boosted its holdings in shares of Old Republic International by 3.6% in the 1st quarter. Atria Wealth Solutions Inc. now owns 9,047 shares of the insurance provider's stock valued at $355,000 after buying an additional 314 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Old Republic International by 1.8% in the 1st quarter. Venturi Wealth Management LLC now owns 19,055 shares of the insurance provider's stock valued at $747,000 after buying an additional 340 shares in the last quarter. Penbrook Management LLC boosted its holdings in shares of Old Republic International by 5.0% in the 1st quarter. Penbrook Management LLC now owns 8,480 shares of the insurance provider's stock valued at $333,000 after buying an additional 400 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Old Republic International by 1.3% in the 1st quarter. Deutsche Bank AG now owns 35,004 shares of the insurance provider's stock valued at $1,373,000 after buying an additional 433 shares in the last quarter. Finally, NDVR Inc. boosted its holdings in shares of Old Republic International by 7.6% in the 4th quarter. NDVR Inc. now owns 7,516 shares of the insurance provider's stock valued at $272,000 after buying an additional 534 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ORI. Raymond James Financial set a $42.00 price target on shares of Old Republic International and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen cut shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Piper Sandler decreased their price target on shares of Old Republic International from $42.00 to $41.00 and set an "overweight" rating for the company in a research note on Friday, July 25th.

Old Republic International Stock Down 0.1%

Shares of NYSE:ORI opened at $38.66 on Friday. The stock has a market cap of $9.61 billion, a P/E ratio of 13.24 and a beta of 0.74. The firm has a fifty day moving average price of $37.19 and a 200 day moving average price of $37.35. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25. Old Republic International Corporation has a 1-year low of $33.00 and a 1-year high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. The business's quarterly revenue was up 10.1% on a year-over-year basis. Sell-side analysts predict that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.0%. Old Republic International's payout ratio is currently 39.73%.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 6,849 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $36.52, for a total transaction of $250,125.48. Following the completion of the transaction, the senior vice president owned 35,755 shares in the company, valued at approximately $1,305,772.60. This represents a 16.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

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.

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