Gilliland Jeter Wealth Management LLC Makes New Investment in Old Republic International Co. (NYSE:ORI)

Gilliland Jeter Wealth Management LLC acquired a new position in Old Republic International Co. (NYSE:ORI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,430 shares of the insurance provider’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avantax Planning Partners Inc. boosted its stake in Old Republic International by 5.0% in the 3rd quarter. Avantax Planning Partners Inc. now owns 9,688 shares of the insurance provider’s stock worth $261,000 after purchasing an additional 463 shares during the period. Fifth Third Bancorp boosted its stake in shares of Old Republic International by 26.6% during the 3rd 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 period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Old Republic International by 13.5% during the 3rd 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 period. Moors & Cabot Inc. boosted its stake in shares of Old Republic International by 2.4% during the 3rd 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 period. Finally, Blue Trust Inc. boosted its stake in shares of 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 buying an additional 526 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

ORI has been the subject of a number of research reports. 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 research note on Monday, April 1st. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday.

Old Republic International Stock Up 0.4 %

NYSE:ORI traded up $0.11 during trading hours on Friday, reaching $30.13. The company’s stock had a trading volume of 2,514,075 shares, compared to its average volume of 1,795,296. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 11.72 and a beta of 0.81. Old Republic International Co. has a one year low of $24.03 and a one year high of $31.22. The business’s 50-day moving average is $29.58 and its 200-day moving average is $28.90. 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 (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 12.15% and a net margin of 9.52%. Equities research analysts predict that Old Republic International Co. will post 2.7 EPS for the current 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 issued 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 dividend on an annualized basis and a yield of 3.52%. Old Republic International’s dividend payout ratio is currently 41.25%.

Insider Buying and Selling

In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was 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 owns 7,845 shares of the company’s stock, valued at approximately $224,367. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Barbara Adachi bought 1,925 shares of the business’s stock in a transaction on Friday, February 16th. The stock was purchased at an average price of $28.60 per share, with a total value of $55,055.00. Following the transaction, the director now directly owns 7,845 shares in the company, valued at $224,367. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 6,528 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total transaction 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 disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

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.