August 25, 2023 – Vanguard Personalized Indexing Management LLC has increased its stake in Old Republic International Co. (NYSE: ORI) by 13.7% during the first quarter of this year, according to the company’s recent filing with the Securities and Exchange Commission (SEC). The firm now owns 37,800 shares of the insurance provider’s stock, after purchasing an additional 4,566 shares in that period. As of the most recent filing with the SEC, these holdings were valued at $944,000.
Old Republic International Co., listed on NYSE as ORI, had shares trading at $27.21 upon market opening on Friday. Over the past year, the stock reached a low of $20.27 and a high of $29.89. It currently maintains a 50-day simple moving average of $26.27 and a two-hundred-day simple moving average of $25.59.
With a market capitalization of $7.74 billion, ORI boasts a price-to-earnings ratio (PE ratio) of 10.30 and a beta value of 0.79—a measure of its volatility relative to the market index. The company also has a debt-to-equity ratio of 0.26, indicating favorable financial stability.
ORI demonstrates robust liquidity ratios, with both its current ratio and quick ratio standing at 0.57—a sign that it possesses sufficient short-term assets to cover immediate liabilities.
Investors may ponder why Vanguard Personalized Indexing Management LLC chose to increase its stake in Old Republic International Co., especially given its fluctuating share prices over the past year. However, it is essential to understand that investment decisions are influenced by various factors such as long-term growth potential, industry trends, and risk appetite.
As investors continue to monitor ORI’s performance closely, further analysis will reveal whether Vanguard Personalized Indexing Management LLC’s decision to increase its stake in the company proves to be beneficial in the long run. These developments serve as a reminder that diligent research and analysis are paramount when making investment decisions, as they provide insight into a company’s financial health and growth prospects over time.
Old Republic International Corporation
ORI
Strong Buy
Updated on: 25/08/2023
Old Republic International: Institutional Investors and Analysts Remain Bullish Amidst Recent Developments
Institutional investors have been making modifications to their holdings of Old Republic International, a leading insurance provider. Financial Management Professionals Inc. recently acquired a new stake in the company during the first quarter, valued at $25,000. Similarly, Belpointe Asset Management LLC purchased shares of Old Republic International during the fourth quarter, with an approximate value of $28,000. Stonebridge Capital Advisors LLC also raised its stake in the company by 130.9% during the same period.
Furthermore, Atlas Capital Advisors LLC bought a new stake in shares of Old Republic International worth $34,000 in the second quarter and GPS Wealth Strategies Group LLC purchased shares worth $40,000 in the first quarter. It is important to note that institutional investors now own 70.66% of the company’s stock.
In related news, Barbara Adachi, a Director at Old Republic International, acquired 3,620 shares of the company’s stock on August 2nd for $27.64 per share. This transaction totaled $100,056.80 and increased Adachi’s total shares to 5,920 with an overall value of $163,628.80.
EVP Stephen J. Oberst sold 26,500 shares of Old Republic International stock on August 1st at an average price of $27.68 per share, resulting in a transaction totaling $733,520. Following this sale, Oberst now holds 68,574 shares valued at $1,898,128.32.
Considering these recent developments within Old Republic International’s corporate structure and financial activities among institutional investors and corporate insiders as reported by Securities & Exchange Commission filings; it is important to note that corporate insiders own only 1% of the company’s stock.
In terms of financial performance and earnings reports for Q2-2023; Old Republic International recorded solid results when it posted quarterly earnings on July 27th . The company reported earnings per share of $0.62 for the quarter, surpassing the consensus estimate of $0.54 by $0.08. With a net margin of 10.18% and a return on equity of 13.2%, Old Republic International demonstrated strong financial performance during the period. Despite slightly lower-than-expected revenue, which stood at $1.83 billion compared to a consensus estimate of $1.93 billion, analysts still project that the company will post EPS of 2.6 for the current year.
In terms of analyst recommendations, several research analysts have provided their insights on Old Republic International (NYSE: ORI). Piper Sandler, for instance, raised its price target from $27.00 to $31.00 in a research report published on July 28th. Additionally, StockNews.com initiated coverage on Old Republic International on August 17th, giving it a “buy” rating.
As we observe these latest developments within Old Republic International and take into account the opinions provided by expert analysts in the field; it becomes evident that the insurance provider continues to attract attention and maintain a positive outlook among both institutional investors and industry professionals alike
