Old Republic International Co. (NYSE:ORI) Stock Position Raised by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,346 shares of the insurance provider's stock after acquiring an additional 10,623 shares during the period. Integrated Wealth Concepts LLC's holdings in Old Republic International were worth $3,414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Atomi Financial Group Inc. lifted its holdings in shares of Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after purchasing an additional 302 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Old Republic International by 37.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock worth $2,595,000 after buying an additional 19,400 shares during the period. Orca Wealth Management LLC bought a new stake in Old Republic International in the fourth quarter valued at $5,209,000. JPMorgan Chase & Co. boosted its holdings in shares of Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider's stock valued at $30,160,000 after acquiring an additional 42,934 shares during the period. Finally, Plato Investment Management Ltd bought a new position in shares of Old Republic International during the fourth quarter worth about $362,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of ORI opened at $37.31 on Friday. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 14.19 and a beta of 0.68. The stock's fifty day moving average is $37.52 and its 200-day moving average is $36.76. Old Republic International Co. has a one year low of $29.51 and a one year high of $39.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Equities analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. Old Republic International's dividend payout ratio is 47.15%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Piper Sandler boosted their target price on shares of Old Republic International from $41.00 to $43.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. StockNews.com upgraded Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday.

Insider Buying and Selling at Old Republic International

In related news, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the transaction, the senior vice president now directly owns 34,679 shares in the company, valued at $1,267,864.24. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,039 shares of company stock valued at $1,580,733. 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.

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