Bogart Wealth LLC Sells 56,153 Shares of Old Republic International Co. (NYSE:ORI)

Bogart Wealth LLC decreased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 16.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 287,200 shares of the insurance provider’s stock after selling 56,153 shares during the period. Bogart Wealth LLC’s holdings in Old Republic International were worth $8,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Avantax Planning Partners Inc. increased its stake in shares of Old Republic International by 5.0% during the third quarter. Avantax Planning Partners Inc. now owns 9,688 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 463 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Old Republic International by 26.6% during the third quarter. Fifth Third Bancorp now owns 2,277 shares of the insurance provider’s stock valued at $61,000 after buying an additional 479 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Old Republic International by 13.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,210 shares of the insurance provider’s stock valued at $113,000 after buying an additional 500 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of Old Republic International by 2.4% during the third quarter. Moors & Cabot Inc. now owns 21,030 shares of the insurance provider’s stock valued at $567,000 after buying an additional 500 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Old Republic International by 62.7% during the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock valued at $37,000 after buying an additional 526 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In related news, Director Barbara Adachi purchased 1,925 shares of Old Republic International stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the acquisition, the director now owns 7,845 shares in the company, valued at approximately $224,367. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of the company’s stock in a transaction on Friday, February 16th. The stock was acquired at an average cost of $28.60 per share, with a total value of $55,055.00. Following the purchase, the director now directly owns 7,845 shares of the company’s stock, valued at approximately $224,367. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas Dare sold 1,292 shares of Old Republic International stock in a transaction 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 completion of the transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at $1,478,295.80. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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 report on Monday, April 1st. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

Old Republic International Price Performance

Shares of ORI stock traded up $0.04 on Thursday, hitting $31.18. 237,232 shares of the stock traded hands, compared to its average volume of 1,739,005. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 12.12 and a beta of 0.81. Old Republic International Co. has a 52 week low of $24.17 and a 52 week high of $31.32. The firm has a 50 day simple moving average of $29.88 and a two-hundred day simple moving average of $29.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 0.25.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were issued a $0.265 dividend. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Friday, March 8th. Old Republic International’s payout ratio is currently 41.25%.

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.