Integrated Wealth Concepts LLC Buys 10,623 Shares of Old Republic International Co. (NYSE:ORI)

Integrated Wealth Concepts LLC lifted its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 94,346 shares of the insurance provider's stock after buying an additional 10,623 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Old Republic International were worth $3,414,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Atomi Financial Group Inc. increased its holdings in 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 buying an additional 302 shares during the period. Nisa Investment Advisors LLC increased its holdings in Old Republic International by 37.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock worth $2,595,000 after purchasing an additional 19,400 shares in the last quarter. Orca Wealth Management LLC acquired a new position in shares of Old Republic International during the 4th quarter worth about $5,209,000. JPMorgan Chase & Co. increased its stake in shares of 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 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. 70.92% of the stock is currently owned by institutional investors.

Insider Activity

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the sale, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the sale, the senior vice president now directly owns 33,556 shares of the company's stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,941 shares of company stock worth $1,540,590 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Old Republic International Stock Up 2.0 %

NYSE ORI traded up $0.75 on Friday, reaching $38.05. 250,132 shares of the stock traded hands, compared to its average volume of 1,222,911. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 14.47 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a 12 month low of $29.51 and a 12 month high of $39.84. The company has a fifty day moving average price of $37.60 and a 200-day moving average price of $36.81.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (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 firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.03 billion. The company's quarterly revenue was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were paid a $0.29 dividend. This is a boost from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.05%. The ex-dividend date was Monday, March 10th. Old Republic International's payout ratio is currently 47.15%.

Analyst Upgrades and Downgrades

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

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.