Dupree Financial Group LLC Acquires New Shares in Old Republic International Co. (NYSE:ORI)

Dupree Financial Group LLC acquired a new stake in Old Republic International Co. (NYSE:ORI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 258,352 shares of the insurance provider's stock, valued at approximately $7,596,000. Old Republic International comprises approximately 3.7% of Dupree Financial Group LLC's investment portfolio, making the stock its 9th biggest holding. Dupree Financial Group LLC owned approximately 0.09% of Old Republic International as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP raised its position in shares of Old Republic International by 1,069.4% during the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider's stock worth $27,000 after acquiring an additional 909 shares during the last quarter. BKM Wealth Management LLC bought a new stake in shares of Old Republic International during the fourth quarter worth $29,000. Naples Money Management LLC bought a new stake in shares of Old Republic International during the fourth quarter worth $34,000. Global Retirement Partners LLC raised its position in shares of Old Republic International by 526.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider's stock worth $39,000 after acquiring an additional 1,110 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Old Republic International by 62.7% in the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 526 shares during the last quarter. Institutional investors own 70.92% of the company's stock.

Old Republic International Trading Up 2.2 %

NYSE ORI traded up $0.64 on Friday, reaching $29.76. The company had a trading volume of 1,994,340 shares, compared to its average volume of 1,594,621. Old Republic International Co. has a 52 week low of $24.03 and a 52 week high of $31.22. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.25. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 14.17 and a beta of 0.81. The stock's 50 day moving average is $29.43 and its 200-day moving average is $28.81.

Old Republic International (NYSE:ORI - Get Free Report) last posted its earnings results 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). Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. Equities analysts predict 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. Shareholders of record on Monday, March 11th were paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 3.56%. This is a boost from Old Republic International's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. Old Republic International's payout ratio is presently 50.48%.

Analysts Set New Price Targets

ORI has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on Old Republic International from $32.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, April 1st. StockNews.com downgraded Old Republic International from a "buy" rating to a "hold" rating in a report on Friday, January 26th.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, 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 purchase, the director now owns 7,845 shares in the company, valued at $224,367. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Carolyn Monroe sold 6,528 shares of the company's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $27.71, for a total transaction of $180,890.88. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Adachi acquired 1,925 shares of Old Republic International stock in a transaction dated Friday, February 16th. The shares were 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. Insiders own 1.00% of the company's stock.

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.