Old Republic International Corporation $ORI Shares Bought by SG Americas Securities LLC

Key Points

• SG Americas Securities LLC boosted its stake in Old Republic by 300.7% in Q4 and now owns 68,240 shares (an added 51,208 shares) valued at about $3.11 million.
• Old Republic missed Q4 earnings, reporting $0.74 EPS versus $0.89 expected (down from $0.90 a year earlier), while analysts forecast ~3.17 EPS for the current fiscal year.
• The company raised its quarterly dividend to $0.315 (annualized $1.26), implying a ~3.1% yield and a payout ratio of about 37.17%.

SG Americas Securities LLC raised its position in Old Republic International Corporation (NYSE:ORI - Free Report) by 300.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 68,240 shares of the insurance provider's stock after acquiring an additional 51,208 shares during the period. SG Americas Securities LLC's holdings in Old Republic International were worth $3,114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPL Wealth Management LLC purchased a new position in Old Republic International during the third quarter worth about $27,000. Clearstead Trust LLC boosted its holdings in Old Republic International by 65.6% in 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 in the last quarter. Core Alternative Capital acquired a new position in Old Republic International during the 3rd quarter worth approximately $42,000. Wilmington Savings Fund Society FSB increased its position in Old Republic International by 28.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider's stock worth $43,000 after purchasing an additional 222 shares during the period. Finally, Caldwell Trust Co raised its stake in shares of Old Republic International by 75.0% during the 3rd quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider's stock worth $45,000 after buying an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company's stock.

Old Republic International Price Performance

ORI stock opened at $40.40 on Friday. The firm has a 50 day moving average of $40.72 and a 200-day moving average of $42.22. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 11.92 and a beta of 0.72. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a 12-month low of $34.43 and a 12-month high of $46.76.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share 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 period last year, the firm posted $0.90 earnings per share. As a group, equities analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 3.1%. This is a positive change from Old Republic International's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, March 9th. Old Republic International's dividend payout ratio is currently 37.17%.

Insiders Place Their Bets

In other news, SVP Carolyn Monroe sold 5,526 shares of Old Republic International stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the completion of the transaction, the senior vice president owned 27,875 shares of the company's stock, valued at $1,094,930. The trade was a 16.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Eric Smith acquired 1,135 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the completion of the transaction, the director directly owned 4,276 shares in the company, valued at approximately $184,295.60. This represents a 36.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Piper Sandler reissued a "neutral" rating and issued a $38.00 price target (down from $51.00) on shares of Old Republic International in a report on Thursday, January 22nd. Weiss Ratings cut Old Republic International from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Friday, March 27th. Finally, Zacks Research raised Old Republic International from a "strong sell" rating to a "hold" rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

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. 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.

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