Hudson Portfolio Management LLC Has $1.56 Million Stock Holdings in Old Republic International Co. (NYSE:ORI)

Hudson Portfolio Management LLC lowered its stake in Old Republic International Co. (NYSE:ORI) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,125 shares of the insurance provider’s stock after selling 975 shares during the quarter. Old Republic International comprises approximately 1.5% of Hudson Portfolio Management LLC’s holdings, making the stock its 19th largest holding. Hudson Portfolio Management LLC’s holdings in Old Republic International were worth $1,561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Old Republic International in the third quarter valued at about $28,000. Fairway Wealth LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Old Republic International in the 4th quarter valued at approximately $34,000. Core Alternative Capital bought a new position in Old Republic International during the 4th quarter worth approximately $36,000. Finally, Synergy Asset Management LLC acquired a new position in Old Republic International during the fourth quarter valued at approximately $39,000. 70.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ORI shares. StockNews.com lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Piper Sandler raised their price objective on Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 1st.

Insider Activity

In other news, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas Dare sold 27,457 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock worth $1,580,733 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Trading Up 1.2 %

NYSE:ORI opened at $37.03 on Friday. The business’s 50-day simple moving average is $37.25 and its 200-day simple moving average is $36.59. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The stock has a market capitalization of $9.15 billion, a PE ratio of 14.08 and a beta of 0.68.

Old Republic International (NYSE:ORI) last released its quarterly 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%. Sell-side analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current fiscal 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 issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost 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.