Captrust Financial Advisors Boosts Stock Position in Old Republic International Corporation $ORI

Captrust Financial Advisors grew its position in Old Republic International Corporation (NYSE:ORI) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,256,162 shares of the insurance provider’s stock after acquiring an additional 58,624 shares during the quarter. Captrust Financial Advisors’ holdings in Old Republic International were worth $148,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in ORI. Bank of New York Mellon Corp increased its holdings in shares of Old Republic International by 230.6% in the 4th quarter. Bank of New York Mellon Corp now owns 11,852,387 shares of the insurance provider’s stock valued at $540,943,000 after acquiring an additional 8,266,829 shares during the last quarter. GQG Partners LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $155,960,000. Norges Bank bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $134,633,000. AQR Capital Management LLC increased its holdings in shares of Old Republic International by 55.7% in the 2nd quarter. AQR Capital Management LLC now owns 5,779,156 shares of the insurance provider’s stock valued at $221,457,000 after acquiring an additional 2,066,965 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Old Republic International in the 2nd quarter valued at approximately $27,289,000. 70.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ORI. Weiss Ratings downgraded Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 27th. Raymond James Financial set a $44.00 price target on Old Republic International in a report on Monday, April 27th. Piper Sandler boosted their price target on Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Zacks Research downgraded Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Old Republic International Price Performance

Shares of ORI opened at $39.07 on Wednesday. The company has a market cap of $9.49 billion, a P/E ratio of 10.47 and a beta of 0.59. The stock has a fifty day moving average price of $39.57 and a 200 day moving average price of $41.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.23. Old Republic International Corporation has a 12 month low of $35.60 and a 12 month high of $46.76.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.Old Republic International’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. On average, research analysts forecast that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, June 5th. Old Republic International’s dividend payout ratio is presently 33.78%.

Insider Buying and Selling

In related news, SVP Carolyn Monroe sold 13,330 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $38.76, for a total transaction of $516,670.80. Following the completion of the transaction, the senior vice president directly owned 32,261 shares in the company, valued at $1,250,436.36. This represents a 29.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is currently owned by insiders.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.