Old Republic International Co. (NYSE:ORI) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. reduced its stake in shares of Old Republic International Co. (NYSE:ORI) by 7.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,894 shares of the insurance provider’s stock after selling 790 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Old Republic International were worth $358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hamlin Capital Management LLC increased 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 period. Point72 Asset Management L.P. increased its stake in 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 valued at $21,612,000 after purchasing an additional 377,605 shares during the period. Edgestream Partners L.P. acquired a new position in Old Republic International in the third quarter valued at $7,965,000. Orca Wealth Management LLC acquired a new position in Old Republic International in the fourth quarter valued at $5,209,000. Finally, Franklin Resources Inc. increased its stake in Old Republic International by 39.6% in the third quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock valued at $16,209,000 after purchasing an additional 128,896 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORI. Piper Sandler lifted their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note 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.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Old Republic International Trading Down 0.9 %

Shares of Old Republic International stock opened at $35.88 on Thursday. Old Republic International Co. has a 52-week low of $28.20 and a 52-week high of $39.27. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The company’s 50-day simple moving average is $36.09 and its 200-day simple moving average is $35.82. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of 13.64 and a beta of 0.88.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, equities research analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current 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 paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is 40.30%.

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.