Uncommon Cents Investing LLC Trims Stock Position in Old Republic International Co. (NYSE:ORI)

Uncommon Cents Investing LLC lowered its stake in shares of Old Republic International Co. (NYSE:ORI) by 2.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 78,780 shares of the insurance provider’s stock after selling 2,195 shares during the period. Uncommon Cents Investing LLC’s holdings in Old Republic International were worth $2,316,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP increased its stake in shares of Old Republic International by 1,069.4% in the 3rd quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 909 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Old Republic International by 167.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,154 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 722 shares in the last quarter. BKM Wealth Management LLC purchased a new position in shares of Old Republic International in the 4th quarter valued at about $29,000. Huntington National Bank increased its stake in shares of Old Republic International by 779.1% in the 2nd quarter. Huntington National Bank now owns 1,222 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC increased its stake in shares of Old Republic International by 130.9% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 1,411 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

ORI has been the subject of several recent analyst reports. StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Piper Sandler raised Old Republic International from a “neutral” rating to an “overweight” rating and set a $32.00 target price for the company in a report on Monday, February 12th.

Insider Transactions at Old Republic International

In other news, Director Barbara Adachi bought 1,925 shares of Old Republic International stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the purchase, the director now directly owns 7,845 shares of the company’s stock, valued at $224,367. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Barbara Adachi bought 1,925 shares of Old Republic International stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the purchase, the director now directly owns 7,845 shares of the company’s stock, valued at $224,367. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 6,528 shares of Old Republic International stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $27.71, for a total transaction of $180,890.88. Following the transaction, the senior vice president now directly owns 35,340 shares in the company, valued at $979,271.40. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

NYSE:ORI opened at $30.72 on Friday. The company’s 50-day moving average price is $28.93 and its 200-day moving average price is $28.49. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.25. The company has a market cap of $8.55 billion, a P/E ratio of 14.63 and a beta of 0.81. Old Republic International Co. has a twelve month low of $24.03 and a twelve month high of $30.90.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.03). The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. On average, sell-side analysts forecast that Old Republic International Co. will post 2.7 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were paid a $0.265 dividend. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Friday, March 8th. Old Republic International’s dividend payout ratio (DPR) is currently 50.48%.

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.