Xact Kapitalforvaltning AB acquired a new position in shares of Old Republic International (NYSE:ORI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 16,571 shares of the insurance provider’s stock, valued at approximately $354,000.
Other large investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC purchased a new stake in shares of Old Republic International during the third quarter worth $118,000. Bessemer Group Inc. acquired a new position in Old Republic International during the fourth quarter worth $145,000. Narus Financial Partners LLC acquired a new position in Old Republic International during the third quarter worth $206,000. Moors & Cabot Inc. acquired a new position in Old Republic International during the third quarter worth $206,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Old Republic International during the fourth quarter worth $206,000. Institutional investors and hedge funds own 73.45% of the company’s stock.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Thursday, December 28th. ValuEngine raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, JMP Securities raised shares of Old Republic International from a “market perform” rating to an “outperform” rating in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Old Republic International currently has an average rating of “Buy” and a consensus target price of $24.00.
In other Old Republic International news, Director Glenn W. Reed bought 5,000 shares of the stock in a transaction on Thursday, February 15th. The shares were purchased at an average cost of $20.43 per share, with a total value of $102,150.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Old Republic International stock opened at $21.31 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $5,739.78, a price-to-earnings ratio of 19.20 and a beta of 1.25. Old Republic International has a one year low of $17.92 and a one year high of $22.34.
Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 25th. The insurance provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.64 billion. Old Republic International had a net margin of 8.95% and a return on equity of 6.80%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. sell-side analysts predict that Old Republic International will post 1.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 3.66%. This is an increase from Old Republic International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, March 2nd. Old Republic International’s dividend payout ratio is presently 70.27%.
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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. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
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