Cyndeo Wealth Partners LLC Acquires 7,278 Shares of Old Republic International Co. (NYSE:ORI)

Cyndeo Wealth Partners LLC lifted its position in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 191,059 shares of the insurance provider's stock after acquiring an additional 7,278 shares during the quarter. Cyndeo Wealth Partners LLC owned approximately 0.08% of Old Republic International worth $6,914,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ORI. Allworth Financial LP grew its stake in shares of Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock worth $26,000 after purchasing an additional 450 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Old Republic International during the third quarter worth $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International during the third quarter worth $31,000. FSA Wealth Management LLC acquired a new stake in shares of Old Republic International during the third quarter worth $41,000. Finally, Huntington National Bank grew its stake in shares of Old Republic International by 381.0% during the third quarter. Huntington National Bank now owns 1,289 shares of the insurance provider's stock worth $46,000 after purchasing an additional 1,021 shares during the period. Institutional investors own 70.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. StockNews.com raised Old Republic International from a "buy" rating to a "strong-buy" rating in a research note on Friday. Piper Sandler boosted their target price on Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, October 21st.

Old Republic International Trading Down 0.3 %

NYSE:ORI traded down $0.13 on Friday, reaching $36.17. The company's stock had a trading volume of 1,560,574 shares, compared to its average volume of 1,025,905. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $9.17 billion, a PE ratio of 12.47 and a beta of 0.88. The business's 50-day moving average price is $36.54 and its two-hundred day moving average price is $35.41.

Old Republic International (NYSE:ORI - Get Free Report) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 19.11% and a net margin of 11.48%. Equities research analysts anticipate that Old Republic International Co. will post 2.73 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International's dividend payout ratio (DPR) is 36.55%.

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.