Foster & Motley Inc. Buys 4,774 Shares of Old Republic International Co. (NYSE:ORI)

Foster & Motley Inc. boosted its holdings in Old Republic International Co. (NYSE:ORI) by 25.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,799 shares of the insurance provider’s stock after purchasing an additional 4,774 shares during the period. Foster & Motley Inc.’s holdings in Old Republic International were worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Hamlin Capital Management LLC increased its position in Old Republic International by 8.0% in the 3rd quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after buying an additional 379,474 shares during the period. Raymond James & Associates increased its position in Old Republic International by 2.4% in the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock worth $38,002,000 after buying an additional 25,610 shares during the period. Systematic Financial Management LP increased its position in Old Republic International by 9.6% in the 3rd quarter. Systematic Financial Management LP now owns 882,782 shares of the insurance provider’s stock worth $31,268,000 after buying an additional 77,583 shares during the period. JPMorgan Chase & Co. increased its position in Old Republic International by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after buying an additional 42,934 shares during the period. Finally, Point72 Asset Management L.P. increased its position in Old Republic International by 162.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock worth $21,612,000 after buying an additional 377,605 shares during the period. 70.92% of the stock is owned by institutional investors.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $36.87 on Friday. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. The firm has a market capitalization of $9.35 billion, a PE ratio of 12.71 and a beta of 0.88. The business’s 50 day moving average is $36.50 and its 200-day moving average is $35.54. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 19.11% and a net margin of 11.48%. Sell-side analysts predict that Old Republic International Co. will post 2.73 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is 36.55%.

Analyst Ratings Changes

Several analysts have recently weighed in on ORI shares. StockNews.com raised Old Republic International from a “buy” rating to a “strong-buy” rating in a report on Friday, January 24th. Piper Sandler lifted their price objective on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st.

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.