Advisory Services Network LLC Purchases 404 Shares of Old Republic International Co. (NYSE:ORI)

Advisory Services Network LLC raised its position in Old Republic International Co. (NYSE:ORI) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,452 shares of the insurance provider’s stock after buying an additional 404 shares during the quarter. Advisory Services Network LLC’s holdings in Old Republic International were worth $342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. increased its stake in shares of Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after purchasing an additional 302 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Old Republic International by 37.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after acquiring an additional 19,400 shares during the period. Orca Wealth Management LLC bought a new position in shares of Old Republic International in the fourth quarter worth $5,209,000. JPMorgan Chase & Co. grew its position in shares of Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after purchasing an additional 42,934 shares in the last quarter. Finally, Plato Investment Management Ltd bought a new stake in shares of Old Republic International during the 4th quarter valued at $362,000. Institutional investors own 70.92% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the sale, the senior vice president now directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,039 shares of company stock valued at $1,580,733 over the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ORI shares. Piper Sandler upped their price target on Old Republic International from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. StockNews.com lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Old Republic International Stock Up 0.3 %

ORI stock opened at $37.83 on Friday. The company’s 50 day moving average is $37.36 and its 200 day moving average is $36.65. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 14.38 and a beta of 0.68. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 1-year low of $28.65 and a 1-year high of $39.84.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Sell-side analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.07%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is 44.11%.

About Old Republic International

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.