Old Republic International Co. (NYSE:ORI) Stock Holdings Lowered by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of Old Republic International Co. (NYSE:ORI) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Old Republic International by 195.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 34,851 shares of the insurance provider’s stock valued at $939,000 after acquiring an additional 23,040 shares during the period. Fifth Third Bancorp grew its holdings in shares of Old Republic International by 26.6% during the 3rd quarter. Fifth Third Bancorp now owns 2,277 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 479 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Old Republic International by 6.0% in the third quarter. California Public Employees Retirement System now owns 503,745 shares of the insurance provider’s stock worth $13,571,000 after acquiring an additional 28,647 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Old Republic International by 13.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,210 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 500 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in Old Republic International in the third quarter valued at about $535,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling

In other Old Republic International news, VP Thomas Dare sold 1,292 shares of Old Republic International stock in a transaction on 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 transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at $1,478,295.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Thomas Dare sold 1,292 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $30.95, for a total value of $39,987.40. Following the transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at approximately $1,478,295.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Therace Risch purchased 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average cost of $29.77 per share, with a total value of $181,180.22. Following the completion of the acquisition, the director now directly owns 6,086 shares in the company, valued at $181,180.22. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ORI. Piper Sandler raised their price target on 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 Stock Performance

NYSE:ORI opened at $31.49 on Friday. The firm has a market capitalization of $8.56 billion, a PE ratio of 12.25 and a beta of 0.81. The firm’s fifty day simple moving average is $30.46 and its 200 day simple moving average is $29.44. Old Republic International Co. has a 1 year low of $24.17 and a 1 year high of $32.26. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. On average, sell-side analysts anticipate that Old Republic International Co. will post 2.73 EPS for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Monday, June 3rd. Old Republic International’s payout ratio is 41.25%.

Old Republic International Company 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.