Old Republic International Co. (NYSE:ORI) Shares Sold by Court Place Advisors LLC

Court Place Advisors LLC cut its holdings in shares of Old Republic International Co. (NYSE:ORIFree Report) by 12.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,200 shares of the insurance provider’s stock after selling 1,200 shares during the period. Court Place Advisors LLC’s holdings in Old Republic International were worth $297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Allworth Financial LP boosted its position in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Old Republic International during the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of Old Republic International during the 3rd quarter worth approximately $31,000. FSA Wealth Management LLC purchased a new position in shares of Old Republic International during the 3rd quarter valued at approximately $41,000. Finally, Huntington National Bank grew its stake in Old Republic International by 381.0% in the 3rd quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 1,021 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

NYSE ORI opened at $37.24 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. The company has a market cap of $9.44 billion, a PE ratio of 12.84 and a beta of 0.88. The stock’s 50 day simple moving average is $36.54 and its 200-day simple moving average is $35.45.

Old Republic International (NYSE:ORIGet Free Report) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 11.48% and a return on equity of 19.11%. As a group, equities research analysts anticipate that Old Republic International Co. will post 2.73 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a dividend of $2.00 per share. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is presently 36.55%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ORI shares. Piper Sandler upped their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. StockNews.com upgraded shares of Old Republic International from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Check Out Our Latest Research Report on ORI

Old Republic International Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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