Sweet Financial Partners LLC Invests $203,000 in Old Republic International Co. (NYSE:ORI)

Sweet Financial Partners LLC bought a new stake in shares of Old Republic International Co. (NYSE:ORI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,742 shares of the insurance provider’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position 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 worth $864,972,000 after purchasing an additional 1,661,147 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 worth $233,073,000 after buying an additional 532,251 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in Old Republic International during the 2nd quarter valued at about $10,641,000. Point72 Asset Management L.P. purchased a new stake in Old Republic International in the second quarter valued at about $7,186,000. Finally, LSV Asset Management boosted its holdings in Old Republic International by 14.4% in the second quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider’s stock worth $56,804,000 after acquiring an additional 231,600 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler upped their price objective on shares of Old Republic International from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, October 4th.

Old Republic International Price Performance

Shares of ORI opened at $36.44 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29. The company’s fifty day moving average price is $35.19 and its 200-day moving average price is $32.53. Old Republic International Co. has a 1-year low of $26.40 and a 1-year high of $36.50. The firm has a market capitalization of $9.90 billion, a PE ratio of 14.18 and a beta of 0.84.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the business earned $0.62 EPS. On average, equities research analysts predict that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Dividend Announcement

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

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.