Atomi Financial Group Inc. Boosts Stake in Old Republic International Co. (NYSE:ORI)

Atomi Financial Group Inc. raised its position in Old Republic International Co. (NYSE:ORI) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,714 shares of the insurance provider’s stock after purchasing an additional 302 shares during the quarter. Atomi Financial Group Inc.’s holdings in Old Republic International were worth $279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP lifted its position in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after buying an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Old Republic International in the 3rd quarter valued at $28,000. V Square Quantitative Management LLC acquired a new position in shares of Old Republic International during the 3rd quarter valued at $31,000. FSA Wealth Management LLC purchased a new stake in Old Republic International during the 3rd quarter worth $41,000. Finally, Huntington National Bank increased its holdings in Old Republic International by 381.0% in the 3rd quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 1,021 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Trading Down 0.3 %

NYSE:ORI opened at $36.17 on Monday. The business’s 50-day simple moving average is $36.54 and its 200 day simple moving average is $35.45. Old Republic International Co. has a one year low of $27.19 and a one year high of $39.27. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 12.47 and a beta of 0.88. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 11.48% and a return on equity of 19.11%. As a group, sell-side analysts predict that Old Republic International Co. will post 2.73 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a dividend of $2.00 per share. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ORI shares. StockNews.com raised Old Republic International from a “buy” rating to a “strong-buy” rating in a research report on Friday. Piper Sandler raised their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Old Republic International 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.