Old Republic International Co. (NYSE:ORI) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC cut its stake in Old Republic International Co. (NYSE:ORI) by 12.6% in the fourth quarter, Holdings Channel reports. The firm owned 49,741 shares of the insurance provider’s stock after selling 7,201 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Old Republic International were worth $1,800,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in Old Republic International by 5.9% in the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock worth $4,262,000 after purchasing an additional 6,664 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in 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 in the last quarter. Nisa Investment Advisors LLC boosted its stake in Old Republic International by 37.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock worth $2,595,000 after purchasing an additional 19,400 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 42,934 shares in the last quarter. Finally, RIA Advisory Group LLC acquired a new stake in Old Republic International during the 3rd quarter valued at approximately $835,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Performance

Shares of NYSE ORI opened at $36.87 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27. The company has a 50 day simple moving average of $36.50 and a two-hundred day simple moving average of $35.54. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 14.02 and a beta of 0.88.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is 40.30%.

Analysts Set New Price Targets

Several brokerages have commented on ORI. StockNews.com upgraded shares of Old Republic International from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 24th. Piper Sandler lifted their price objective on shares of 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 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.