Focus Partners Wealth Has $7.48 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Focus Partners Wealth raised its holdings in Old Republic International Co. (NYSE:ORI) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 206,681 shares of the insurance provider’s stock after acquiring an additional 1,938 shares during the quarter. Focus Partners Wealth’s holdings in Old Republic International were worth $7,480,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ORI. Norges Bank acquired a new stake in Old Republic International in the fourth quarter valued at approximately $105,581,000. Raymond James Financial Inc. acquired a new stake in Old Republic International in the fourth quarter valued at approximately $67,054,000. Invesco Ltd. lifted its stake in Old Republic International by 26.4% in the fourth quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider’s stock valued at $85,044,000 after acquiring an additional 490,788 shares during the last quarter. Northern Trust Corp lifted its stake in Old Republic International by 14.4% in the fourth quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider’s stock valued at $114,940,000 after acquiring an additional 400,384 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of Old Republic International by 1,424.1% in the fourth quarter. Cubist Systematic Strategies LLC now owns 269,848 shares of the insurance provider’s stock valued at $9,766,000 after purchasing an additional 252,143 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on ORI. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Piper Sandler set a $42.00 price target on shares of Old Republic International in a research report on Friday, April 25th. Finally, Raymond James set a $42.00 price target on shares of Old Republic International and gave the company an “outperform” rating in a research report on Monday, April 28th.

Old Republic International Trading Down 0.6%

Shares of ORI stock opened at $37.69 on Wednesday. Old Republic International Co. has a 1 year low of $29.51 and a 1 year high of $39.84. The firm’s fifty day simple moving average is $37.64 and its 200 day simple moving average is $36.94. The firm has a market capitalization of $9.32 billion, a P/E ratio of 14.33 and a beta of 0.74. 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 (NYSE:ORI) last announced its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, sell-side analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.29 per share. The ex-dividend date was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.08%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is 47.15%.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the sale, the senior vice president now owns 35,755 shares of the company’s stock, valued at $1,336,521.90. The trade was a 22.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This trade represents a 37.10% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,354 shares of company stock valued at $1,602,871. 1.10% of the stock is owned by company insiders.

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.