D.B. Root & Company LLC Decreases Holdings in Old Republic International Co. (NYSE:ORI)

D.B. Root & Company LLC lessened its holdings in Old Republic International Co. (NYSE:ORI) by 1.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,138 shares of the insurance provider’s stock after selling 336 shares during the period. D.B. Root & Company LLC’s holdings in Old Republic International were worth $874,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ORI. Hamlin Capital Management LLC raised its stake in Old Republic International by 8.0% during the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after acquiring an additional 379,474 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Old Republic International by 162.4% in the third quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after buying an additional 377,605 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in Old Republic International during the second quarter valued at approximately $10,641,000. Edgestream Partners L.P. purchased a new position in Old Republic International during the 3rd quarter valued at approximately $7,965,000. Finally, Franklin Resources Inc. increased its stake in Old Republic International by 39.6% in the 3rd quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock worth $16,209,000 after acquiring an additional 128,896 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Old Republic International Stock Down 1.0 %

Shares of NYSE ORI opened at $35.79 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The firm’s 50-day moving average price is $36.62 and its 200-day moving average price is $35.32. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 12.34 and a beta of 0.88.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 19.11% and a net margin of 11.48%. On average, 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 company also recently declared a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s payout ratio is 36.55%.

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.