Janney Montgomery Scott LLC Sells 2,186 Shares of Old Republic International Co. (NYSE:ORI)

Janney Montgomery Scott LLC trimmed its holdings in shares of Old Republic International Co. (NYSE:ORI) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 99,434 shares of the insurance provider’s stock after selling 2,186 shares during the period. Janney Montgomery Scott LLC’s holdings in Old Republic International were worth $2,923,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ORI. BKM Wealth Management LLC purchased a new position in Old Republic International in the 4th quarter worth approximately $29,000. Naples Money Management LLC bought a new position in shares of Old Republic International during the fourth quarter valued at $34,000. GAMMA Investing LLC purchased a new stake in shares of Old Republic International during the fourth quarter valued at $34,000. Blue Trust Inc. increased its holdings in Old Republic International by 62.7% in the 4th quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock worth $37,000 after buying an additional 526 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in Old Republic International by 526.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock worth $39,000 after buying an additional 1,110 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Piper Sandler lifted their price target on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

Old Republic International Trading Up 0.6 %

Old Republic International stock opened at $31.49 on Friday. The business has a 50-day simple moving average of $30.46 and a two-hundred day simple moving average of $29.44. Old Republic International Co. has a 52-week low of $24.17 and a 52-week high of $32.26. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.31. The company has a market cap of $8.56 billion, a P/E ratio of 12.25 and a beta of 0.81.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. Analysts predict that Old Republic International Co. will post 2.73 EPS for the current year.

Old Republic International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Monday, June 3rd. Old Republic International’s dividend payout ratio is currently 41.25%.

Insiders Place Their Bets

In other news, VP Thomas Dare sold 1,292 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $30.95, for a total transaction of $39,987.40. Following the sale, the vice president now directly owns 47,764 shares in the company, valued at approximately $1,478,295.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Thomas Dare sold 1,292 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $30.95, for a total transaction of $39,987.40. Following the completion of the sale, the vice president now owns 47,764 shares in the company, valued at $1,478,295.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Therace Risch purchased 6,086 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was bought at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the purchase, the director now owns 6,086 shares in the company, valued at $181,180.22. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

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.