Inspire Investing LLC Purchases 4,963 Shares of Old Republic International Co. (NYSE:ORI)

Inspire Investing LLC boosted its position in shares of Old Republic International Co. (NYSE:ORI) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,243 shares of the insurance provider’s stock after purchasing an additional 4,963 shares during the period. Inspire Investing LLC’s holdings in Old Republic International were worth $2,169,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ORI. Quarry LP bought a new position in Old Republic International during the 4th quarter valued at about $39,000. Neo Ivy Capital Management bought a new position in Old Republic International in the 4th quarter worth about $109,000. EP Wealth Advisors LLC bought a new position in Old Republic International in the 4th quarter worth about $217,000. Wellington Management Group LLP grew its stake in Old Republic International by 53.0% in the 4th quarter. Wellington Management Group LLP now owns 73,628 shares of the insurance provider’s stock worth $2,165,000 after acquiring an additional 25,503 shares in the last quarter. Finally, Slagle Financial LLC grew its stake in Old Republic International by 100.8% in the 4th quarter. Slagle Financial LLC now owns 252,156 shares of the insurance provider’s stock worth $7,413,000 after acquiring an additional 126,550 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler upped their target price on shares of Old Republic International from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th.

Old Republic International Price Performance

Shares of ORI stock opened at $35.42 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $9.63 billion, a P/E ratio of 13.78 and a beta of 0.84. The company’s 50-day simple moving average is $34.99 and its two-hundred day simple moving average is $32.39. Old Republic International Co. has a one year low of $26.40 and a one year high of $36.09.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.15. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the company earned $0.62 EPS. As a group, equities analysts anticipate that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were given a $1.06 dividend. The ex-dividend date was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s payout ratio is presently 41.25%.

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.