MBM Wealth Consultants LLC Increases Stake in Old Republic International Co. (NYSE:ORI)

MBM Wealth Consultants LLC boosted its stake in Old Republic International Co. (NYSE:ORI) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,922 shares of the insurance provider’s stock after purchasing an additional 562 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Old Republic International were worth $357,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atomi Financial Group Inc. increased its holdings in shares of Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after buying an additional 302 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Old Republic International by 0.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock valued at $2,965,000 after purchasing an additional 315 shares in the last quarter. UMB Bank n.a. grew its stake in Old Republic International by 2.4% during the fourth quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider’s stock worth $624,000 after buying an additional 408 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Old Republic International by 1.8% during the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock valued at $879,000 after acquiring an additional 429 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Old Republic International by 161.9% during the 3rd 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. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Up 0.4 %

Shares of NYSE:ORI opened at $36.18 on Wednesday. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 12.47 and a beta of 0.88. The company has a 50 day moving average of $36.65 and a two-hundred day moving average of $35.28. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $39.27. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price objective on Old Republic International from $36.00 to $37.00 and gave the stock 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.