D.B. Root & Company LLC Sells 336 Shares of Old Republic International Co. (NYSE:ORI)

D.B. Root & Company LLC cut its holdings in shares of Old Republic International Co. (NYSE:ORI) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,138 shares of the insurance provider’s stock after selling 336 shares during the quarter. D.B. Root & Company LLC’s holdings in Old Republic International were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in shares of Old Republic International by 5.9% in the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after acquiring an additional 6,664 shares in the last quarter. JPMorgan Chase & Co. grew its position in Old Republic International by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after acquiring an additional 42,934 shares during the last quarter. RIA Advisory Group LLC purchased a new position in shares of Old Republic International in the third quarter worth $835,000. Quest Partners LLC increased its position in shares of Old Republic International by 5,024,500.0% in the third quarter. Quest Partners LLC now owns 50,246 shares of the insurance provider’s stock valued at $1,780,000 after acquiring an additional 50,245 shares during the period. Finally, Colonial River Investments LLC bought a new position in Old Republic International during the 3rd quarter valued at approximately $524,000. 70.92% of the stock is owned by institutional investors.

Old Republic International Stock Down 1.0 %

Shares of Old Republic International stock opened at $35.79 on Thursday. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $39.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The company has a 50-day moving average of $36.62 and a 200 day moving average of $35.32. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 12.34 and a beta of 0.88.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 19.11% and a net margin of 11.48%. As a group, sell-side analysts anticipate that Old Republic International Co. will post 2.73 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s payout ratio is 36.55%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st.

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.