Tounjian Advisory Partners LLC Takes $1.05 Million Position in Old Republic International Corporation $ORI

Tounjian Advisory Partners LLC bought a new position in Old Republic International Corporation (NYSE:ORI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,710 shares of the insurance provider’s stock, valued at approximately $1,049,000.

Several other hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC lifted its holdings in Old Republic International by 65.6% during the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 288 shares during the last quarter. Core Alternative Capital acquired a new position in shares of Old Republic International in the 3rd quarter valued at $42,000. Caldwell Trust Co boosted its position in shares of Old Republic International by 75.0% during the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after buying an additional 450 shares during the period. Headlands Technologies LLC bought a new position in Old Republic International in the second quarter valued at $46,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of Old Republic International by 29.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 274 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 5,526 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the sale, the senior vice president directly owned 27,875 shares in the company, valued at $1,094,930. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on ORI. Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $38.00 price objective (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.

Old Republic International Trading Up 0.5%

ORI opened at $42.91 on Friday. The business has a 50 day simple moving average of $42.49 and a two-hundred day simple moving average of $42.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.64 and a quick ratio of 0.26. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Old Republic International Corporation has a one year low of $34.43 and a one year high of $46.76.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same quarter in the prior year, the business earned $0.90 earnings per share. Analysts predict that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.315 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, March 9th. Old Republic International’s payout ratio is 34.22%.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.