Old Republic International Co. (NYSE:ORI) Stock Holdings Cut by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its position in Old Republic International Co. (NYSE:ORI) by 38.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,884 shares of the insurance provider’s stock after selling 24,620 shares during the period. Cresset Asset Management LLC’s holdings in Old Republic International were worth $1,407,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ORI. Parallel Advisors LLC boosted its stake in shares of 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 in the last quarter. Venturi Wealth Management LLC increased its position in Old Republic International by 1.6% during the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock worth $677,000 after acquiring an additional 295 shares during the period. Ironwood Investment Management LLC lifted its stake in shares of Old Republic International by 1.3% in the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider’s stock valued at $850,000 after buying an additional 301 shares during the period. Atomi Financial Group Inc. increased its position in shares of Old Republic International by 4.1% during the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 302 shares during the period. 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 valued at $226,000 after buying an additional 310 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total value of $396,265.38. Following the transaction, the senior vice president now directly owns 35,755 shares in the company, valued at approximately $1,336,521.90. This trade represents a 22.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the sale, the chief executive officer now owns 138,222 shares of the company’s stock, valued at approximately $5,335,369.20. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,354 shares of company stock valued at $1,602,871 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Old Republic International Stock Performance

NYSE ORI opened at $37.89 on Friday. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 14.41 and a beta of 0.74. 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 1-year low of $29.51 and a 1-year high of $39.84. The company has a 50 day moving average of $37.63 and a 200-day moving average of $36.90.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The company’s revenue was up 11.4% on a year-over-year basis. On average, equities analysts forecast 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. Investors of record on Monday, March 10th were given a dividend of $0.29 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. This represents a $1.16 annualized dividend and a yield of 3.06%. Old Republic International’s dividend payout ratio is 47.15%.

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.