HBK Sorce Advisory LLC Acquires New Holdings in Old Republic International Co. (NYSE:ORI)

HBK Sorce Advisory LLC purchased a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 36,141 shares of the insurance provider's stock, valued at approximately $1,063,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Old Republic International by 1,069.4% during the 3rd quarter. Allworth Financial LP now owns 994 shares of the insurance provider's stock worth $27,000 after buying an additional 909 shares during the period. Farther Finance Advisors LLC raised its stake in Old Republic International by 167.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,154 shares of the insurance provider's stock worth $29,000 after buying an additional 722 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Old Republic International in the fourth quarter worth approximately $29,000. Stonebridge Capital Advisors LLC raised its stake in shares of Old Republic International by 130.9% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,411 shares of the insurance provider's stock worth $34,000 after purchasing an additional 800 shares during the last quarter. Finally, Atlas Capital Advisors LLC purchased a new stake in shares of Old Republic International in the second quarter worth approximately $34,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Stock Down 1.6 %

Shares of Old Republic International stock traded down $0.49 on Wednesday, hitting $29.62. The company had a trading volume of 1,972,851 shares, compared to its average volume of 1,657,456. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 14.10 and a beta of 0.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a 50 day moving average of $29.22 and a 200-day moving average of $28.69. Old Republic International Co. has a 1 year low of $24.03 and a 1 year high of $31.22.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 8.25% and a return on equity of 12.10%. As a group, sell-side analysts forecast that Old Republic International Co. will post 2.7 earnings per share for the current year.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were issued a $0.265 dividend. The ex-dividend date was Friday, March 8th. This is a positive change from Old Republic International's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a dividend yield of 3.58%. Old Republic International's dividend payout ratio is currently 50.48%.

Insider Activity

In other Old Republic International news, Director Barbara Adachi bought 1,925 shares of Old Republic International stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the acquisition, the director now directly owns 7,845 shares in the company, valued at approximately $224,367. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the firm's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the sale, the senior vice president now directly owns 35,340 shares of the company's stock, valued at $979,271.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara Adachi bought 1,925 shares of the firm's stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the transaction, the director now directly owns 7,845 shares of the company's stock, valued at $224,367. The disclosure for this purchase can be found here. 0.78% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ORI shares. Piper Sandler increased their price objective on Old Republic International from $32.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, April 1st. StockNews.com downgraded Old Republic International from a "buy" rating to a "hold" rating in a research note on Friday, January 26th.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.