Captrust Financial Advisors Purchases 2,995 Shares of Old Republic International Co. (NYSE:ORI)

Captrust Financial Advisors grew its position in Old Republic International Co. (NYSE:ORI) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,500 shares of the insurance provider’s stock after acquiring an additional 2,995 shares during the quarter. Captrust Financial Advisors’ holdings in Old Republic International were worth $2,841,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ORI. Parallel Advisors LLC increased its stake in Old Republic International by 1.6% in the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock worth $683,000 after purchasing an additional 290 shares during the period. Venturi Wealth Management LLC increased its stake in Old Republic International by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock worth $677,000 after buying an additional 295 shares during the period. Ironwood Investment Management LLC increased its stake in Old Republic International by 1.3% in the 4th quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider’s stock worth $850,000 after buying an additional 301 shares during the period. Atomi Financial Group Inc. lifted its holdings in 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 valued at $279,000 after buying an additional 302 shares in the last quarter. Finally, Berry Wealth Group LP boosted its position 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 valued at $226,000 after buying an additional 310 shares during the period. Institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ORI. Raymond James set a $42.00 target price on shares of Old Republic International and gave the stock an “outperform” rating in a research report on Monday, April 28th. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Finally, Piper Sandler set a $42.00 target price on Old Republic International in a research report on Friday, April 25th.

Insider Transactions at Old Republic International

In other news, CEO Craig R. Smiddy sold 5,296 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the sale, the chief executive officer now directly owns 138,222 shares in the company, valued at approximately $5,335,369.20. This trade represents a 3.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the transaction, the senior vice president now directly owns 35,755 shares in the company, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,354 shares of company stock valued at $1,602,871. Corporate insiders own 1.10% of the company’s stock.

Old Republic International Stock Down 0.6%

Shares of Old Republic International stock opened at $37.89 on Monday. 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 cap of $9.37 billion, a price-to-earnings ratio of 14.41 and a beta of 0.74. The firm’s 50-day moving average is $37.63 and its two-hundred day moving average is $36.91. Old Republic International Co. has a 1 year low of $29.51 and a 1 year high of $39.84.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, research 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 business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a $0.29 dividend. The ex-dividend date was Monday, March 10th. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.06%. Old Republic International’s dividend payout ratio (DPR) is currently 47.15%.

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.