Highline Wealth Partners LLC Acquires 27,268 Shares of Old Republic International Corporation $ORI

Highline Wealth Partners LLC grew its holdings in Old Republic International Corporation (NYSE:ORI) by 160,400.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 27,285 shares of the insurance provider’s stock after buying an additional 27,268 shares during the quarter. Highline Wealth Partners LLC’s holdings in Old Republic International were worth $1,245,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ORI. JPL Wealth Management LLC bought a new position in shares of Old Republic International during the third quarter valued at approximately $27,000. Clearstead Trust LLC boosted its holdings in Old Republic International by 65.6% in the third quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 288 shares in the last quarter. Core Alternative Capital bought a new stake in Old Republic International in the third quarter valued at $42,000. Wilmington Savings Fund Society FSB increased its position in Old Republic International by 28.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 222 shares during the period. Finally, Caldwell Trust Co raised its holdings in Old Republic International by 75.0% in the 3rd quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 450 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Trading Down 0.2%

NYSE ORI opened at $39.85 on Wednesday. Old Republic International Corporation has a 12 month low of $34.43 and a 12 month high of $46.76. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $40.72 and its 200-day moving average price is $42.25. The stock has a market cap of $9.79 billion, a P/E ratio of 11.76 and a beta of 0.73.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same quarter in the prior year, the company posted $0.90 earnings per share. As a group, equities analysts forecast that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 9th were issued a dividend of $0.315 per share. The ex-dividend date of this dividend was Monday, March 9th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 3.2%. Old Republic International’s dividend payout ratio is presently 37.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ORI shares. Zacks Research raised shares of Old Republic International from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings cut shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. Finally, Piper Sandler restated a “neutral” rating and issued a $38.00 price objective (down from $51.00) on shares of Old Republic International in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Old Republic International currently has an average rating of “Moderate Buy” and an average target price of $42.50.

Insider Buying and Selling

In other news, Director John Eric Smith acquired 1,135 shares of Old Republic International stock in a transaction that occurred on Monday, March 2nd. The stock was bought at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the completion of the transaction, the director owned 4,276 shares in the company, valued at $184,295.60. The trade was a 36.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 5,526 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $39.28, for a total transaction of $217,061.28. Following the sale, the senior vice president directly owned 27,875 shares of the company’s stock, valued at $1,094,930. The trade was a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

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. 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.