Bramshill Investments LLC Buys New Position in Old Republic International Co. (NYSE:ORI)

Bramshill Investments LLC bought a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,424 shares of the insurance provider's stock, valued at approximately $1,427,000.

Other large investors have also recently modified their holdings of the company. Atomi Financial Group Inc. lifted its stake in shares of Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock valued at $279,000 after acquiring an additional 302 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Old Republic International by 37.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock valued at $2,595,000 after purchasing an additional 19,400 shares during the last quarter. Orca Wealth Management LLC acquired a new stake in shares of Old Republic International during the fourth quarter valued at about $5,209,000. JPMorgan Chase & Co. grew its holdings in shares of Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider's stock worth $30,160,000 after purchasing an additional 42,934 shares during the last quarter. Finally, Plato Investment Management Ltd acquired a new position in shares of Old Republic International in the fourth quarter valued at approximately $362,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Trading Down 0.6 %

NYSE:ORI traded down $0.21 on Friday, reaching $37.89. 1,080,126 shares of the stock traded hands, compared to its average volume of 1,209,954. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 1-year low of $29.51 and a 1-year high of $39.84. The company's 50 day moving average is $37.63 and its 200-day moving average is $36.88. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 14.41 and a beta of 0.74.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.03 billion. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were given a dividend of $0.29 per share. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.06%. Old Republic International's dividend payout ratio (DPR) is 47.15%.

Insiders Place Their Bets

In related news, CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares of the company's stock, valued at approximately $5,335,369.20. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas Dare sold 27,457 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now owns 46,556 shares of the company's stock, valued at $1,699,294. This trade represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,354 shares of company stock worth $1,602,871. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ORI shares. Raymond James set a $42.00 target price on shares of Old Republic International and gave the stock an "outperform" rating in a report on Monday, April 28th. Piper Sandler set a $42.00 price objective on Old Republic International in a report on Friday, April 25th. Finally, StockNews.com raised Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th.

Old Republic International Company 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.