5 Undervalued Stocks to Buy Today According to Paul Tudor Jones

2. Old Republic International Corporation (NYSE:ORI)

Number of Hedge Fund Holders: 28

P/E Ratio as of May 27: 5.40

Old Republic International Corporation (NYSE:ORI) is based in Chicago, Illinois, providing insurance underwriting and related services in the United States and Canada. Old Republic International Corporation (NYSE:ORI) was a new arrival in Paul Tudor Jones’ Q1 2022 portfolio, with the billionaire purchasing 376,057 shares of the company, worth $9.7 million. 

On April 29, Raymond James analyst C. Gregory Peters downgraded Old Republic International Corporation (NYSE:ORI) to Outperform from Strong Buy with a price target of $28, down from $30. He forecasts short-term challenges in the Title business as a result of high interest rates and cited lower refinancing activity for the downgrade. 

Among the hedge funds tracked by Insider Monkey, 28 funds were long Old Republic International Corporation (NYSE:ORI) in the first quarter of 2022, compared to 27 funds in the prior quarter. Cliff Asness’ AQR Capital Management is the biggest shareholder of the company, with more than 2 million shares worth $53.5 million.