Naples Money Management LLC Acquires Shares of 1,173 Old Republic International Co. (NYSE:ORI)

Naples Money Management LLC acquired a new stake in shares of Old Republic International Co. (NYSE:ORI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,173 shares of the insurance provider’s stock, valued at approximately $34,000.

Other large investors have also bought and sold shares of the company. Allworth Financial LP boosted its position in Old Republic International by 1,069.4% during the 3rd quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 909 shares in the last quarter. BKM Wealth Management LLC bought a new stake in Old Republic International during the 4th quarter valued at approximately $29,000. Global Retirement Partners LLC boosted its position in Old Republic International by 526.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 1,110 shares in the last quarter. Blue Trust Inc. boosted its position in Old Republic International by 62.7% during the 4th quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 526 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC lifted its holdings in shares of Old Republic International by 130.9% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,411 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 800 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Price Performance

ORI stock opened at $29.76 on Friday. The firm has a 50 day moving average price of $29.43 and a 200-day moving average price of $28.78. Old Republic International Co. has a 52-week low of $24.03 and a 52-week high of $31.22. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 14.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.25.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.03). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.95 billion. Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. Equities research analysts forecast that Old Republic International Co. will post 2.7 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were given a $0.265 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 3.56%. Old Republic International’s dividend payout ratio is 50.48%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Old Republic International

In related news, SVP Carolyn Monroe sold 6,528 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total value of $180,890.88. Following the transaction, the senior vice president now directly owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Carolyn Monroe sold 6,528 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total value of $180,890.88. Following the transaction, the senior vice president now directly owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara Adachi purchased 1,925 shares of the stock in a transaction dated Friday, February 16th. The shares were purchased at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the acquisition, the director now directly owns 7,845 shares in the company, valued at $224,367. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by 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.