Orion Portfolio Solutions LLC Reduces Holdings in Old Republic International Co. (NYSE:ORI)

Orion Portfolio Solutions LLC lowered its stake in shares of Old Republic International Co. (NYSE:ORI) by 34.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,096 shares of the insurance provider’s stock after selling 30,314 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Old Republic International were worth $2,066,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Parallel Advisors LLC lifted its position in Old Republic International by 1.6% during the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock worth $683,000 after acquiring an additional 290 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Old Republic International by 1.6% in the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock worth $677,000 after purchasing an additional 295 shares during the last quarter. Ironwood Investment Management LLC lifted its holdings in shares of Old Republic International by 1.3% during the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider’s stock worth $850,000 after purchasing an additional 301 shares during the period. Atomi Financial Group Inc. boosted its position in Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after buying an additional 302 shares during the last quarter. Finally, Berry Wealth Group LP increased its holdings in Old Republic International by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock worth $226,000 after buying an additional 310 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ORI shares. Piper Sandler upped their price objective on shares of Old Republic International from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday. StockNews.com lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction dated 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 owns 46,556 shares in the company, valued at approximately $1,699,294. This trade represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock valued at $1,580,733 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Old Republic International Stock Up 0.5 %

Shares of ORI stock opened at $39.83 on Thursday. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.84. The stock has a market cap of $9.89 billion, a P/E ratio of 15.14 and a beta of 0.83. The stock has a 50 day moving average of $37.25 and a 200 day moving average of $36.53. 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 (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, sell-side analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were given a $0.29 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.91%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio is 44.11%.

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.