Captrust Financial Advisors Raises Holdings in Old Republic International Co. (NYSE:ORI)

Captrust Financial Advisors grew its stake in shares of Old Republic International Co. (NYSE:ORI) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,500 shares of the insurance provider’s stock after acquiring an additional 2,995 shares during the quarter. Captrust Financial Advisors’ holdings in Old Republic International were worth $2,841,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Old Republic International during the 4th quarter valued at approximately $105,581,000. Raymond James Financial Inc. purchased a new stake in shares of Old Republic International during the fourth quarter valued at $67,054,000. Invesco Ltd. increased its position in shares of Old Republic International by 26.4% in the 4th 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 period. Northern Trust Corp increased its position in shares of Old Republic International by 14.4% in the 4th 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 period. Finally, Orca Wealth Management LLC purchased a new position in Old Republic International in the 4th quarter worth $5,209,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Old Republic International

In related news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the sale, the chief executive officer now directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. The trade was a 3.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 10,601 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 35,755 shares in the company, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,354 shares of company stock valued at $1,602,871 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ORI has been the topic of several research analyst reports. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. Raymond James set a $42.00 target price on Old Republic International and gave the company an “outperform” rating in a research report on Monday, April 28th. Finally, Piper Sandler set a $42.00 price target on shares of Old Republic International in a research report on Friday, April 25th.

Old Republic International Price Performance

NYSE:ORI opened at $37.89 on Monday. The firm’s fifty day moving average is $37.63 and its two-hundred day moving average is $36.91. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 14.41 and a beta of 0.74. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a one year low of $29.51 and a one year high of $39.84.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.03 billion. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.06%. The ex-dividend date was Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio is currently 47.15%.

Old Republic International Company 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.