Measured Wealth Private Client Group LLC Buys 8,669 Shares of Old Republic International Co. (NYSE:ORI)

Measured Wealth Private Client Group LLC grew its stake in shares of Old Republic International Co. (NYSE:ORI) by 83.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,083 shares of the insurance provider’s stock after acquiring an additional 8,669 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Old Republic International were worth $691,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Hamlin Capital Management LLC lifted its stake in Old Republic International by 8.0% in the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after purchasing an additional 379,474 shares during the last quarter. Raymond James & Associates lifted its position in shares of Old Republic International by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock valued at $38,002,000 after buying an additional 25,610 shares during the last quarter. Systematic Financial Management LP grew its stake in shares of Old Republic International by 9.6% during the 3rd quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock worth $31,268,000 after acquiring an additional 77,583 shares during the period. JPMorgan Chase & Co. increased its holdings in Old Republic International by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after acquiring an additional 42,934 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Old Republic International by 162.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock valued at $21,612,000 after acquiring an additional 377,605 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Activity at Old Republic International

In related news, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.

Old Republic International Stock Up 1.2 %

ORI stock opened at $36.75 on Friday. The stock has a 50-day simple moving average of $36.27 and a two-hundred day simple moving average of $35.69. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The firm has a market capitalization of $9.32 billion, a PE ratio of 13.97 and a beta of 0.88. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. On average, equities analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s payout ratio is currently 40.30%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ORI shares. Piper Sandler increased 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 report on Monday, October 21st. StockNews.com lowered shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 1st.

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.