Nations Financial Group Inc. IA ADV Trims Position in Old Republic International Co. (NYSE:ORI)

Nations Financial Group Inc. IA ADV trimmed its holdings in Old Republic International Co. (NYSE:ORI) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 46,702 shares of the insurance provider’s stock after selling 374 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Old Republic International were worth $1,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Old Republic International during the fourth quarter worth about $89,446,000. UBS Group AG raised its holdings in Old Republic International by 1,208.9% during the third quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider’s stock worth $40,715,000 after purchasing an additional 1,395,849 shares in the last quarter. California Public Employees Retirement System grew its position in Old Republic International by 174.1% during the fourth quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider’s stock worth $40,590,000 after buying an additional 876,872 shares during the period. Invesco Ltd. grew its position in Old Republic International by 55.2% during the third quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock worth $60,966,000 after buying an additional 804,803 shares during the period. Finally, Boston Financial Mangement LLC grew its position in Old Republic International by 701.3% during the third quarter. Boston Financial Mangement LLC now owns 777,128 shares of the insurance provider’s stock worth $20,936,000 after buying an additional 680,146 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Price Performance

Shares of ORI stock traded up $0.20 during trading hours on Friday, hitting $31.50. The company’s stock had a trading volume of 957,444 shares, compared to its average volume of 1,627,326. The business has a fifty day moving average of $30.46 and a 200-day moving average of $29.45. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 12.26 and a beta of 0.81. Old Republic International Co. has a twelve month low of $24.17 and a twelve month high of $32.26. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. As a group, equities research analysts anticipate that Old Republic International Co. will post 2.73 EPS for the current year.

Old Republic International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, June 4th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.06 dividend on an annualized basis and a yield of 3.37%. Old Republic International’s dividend payout ratio (DPR) is currently 41.25%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ORI. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler increased their price target on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 1st.

Insider Buying and Selling

In other news, Director Therace Risch bought 6,086 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the transaction, the director now owns 6,086 shares in the company, valued at $181,180.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Therace Risch purchased 6,086 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were bought at an average price of $29.77 per share, with a total value of $181,180.22. Following the completion of the purchase, the director now directly owns 6,086 shares in the company, valued at approximately $181,180.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Dare sold 1,292 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $30.95, for a total transaction of $39,987.40. Following the transaction, the vice president now directly owns 47,764 shares in the company, valued at approximately $1,478,295.80. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

About Old Republic International

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.