Bogart Wealth LLC Decreases Holdings in Old Republic International Co. (NYSE:ORI)

Bogart Wealth LLC lowered its position in Old Republic International Co. (NYSE:ORI) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,637 shares of the insurance provider’s stock after selling 2,724 shares during the quarter. Bogart Wealth LLC owned approximately 0.08% of Old Republic International worth $7,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Old Republic International by 6.3% during the first quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider’s stock valued at $864,972,000 after buying an additional 1,661,147 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Old Republic International by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider’s stock valued at $233,073,000 after acquiring an additional 532,251 shares during the period. Lighthouse Investment Partners LLC bought a new position in Old Republic International during the 2nd quarter worth approximately $10,641,000. Point72 Asset Management L.P. bought a new stake in Old Republic International in the second quarter valued at approximately $7,186,000. Finally, LSV Asset Management boosted its stake in shares of Old Republic International by 14.4% during the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock valued at $56,804,000 after purchasing an additional 231,600 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Trading Down 2.7 %

Shares of ORI traded down $0.95 during mid-day trading on Thursday, hitting $34.84. 579,095 shares of the company’s stock traded hands, compared to its average volume of 1,439,386. The business’s 50-day moving average price is $35.36 and its 200-day moving average price is $32.69. Old Republic International Co. has a 1 year low of $26.76 and a 1 year high of $36.50. The firm has a market capitalization of $9.47 billion, a P/E ratio of 13.92 and a beta of 0.84. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.61 by $0.15. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. During the same period in the prior year, the business earned $0.62 EPS. As a group, sell-side analysts forecast that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently declared an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were paid a $1.06 dividend. This represents a yield of 3.05%. The ex-dividend date was Friday, September 6th. Old Republic International’s payout ratio is currently 41.25%.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their target price on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday.

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.