Old Republic International Co. (NYSE:ORI) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its holdings in Old Republic International Co. (NYSE:ORI) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,894 shares of the insurance provider’s stock after selling 790 shares during the period. Stratos Wealth Partners LTD.’s holdings in Old Republic International were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Creative Planning increased its holdings in shares of Old Republic International by 11.4% during the 3rd quarter. Creative Planning now owns 65,847 shares of the insurance provider’s stock worth $2,332,000 after buying an additional 6,726 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of Old Republic International by 6.4% during the 3rd quarter. NBC Securities Inc. now owns 22,458 shares of the insurance provider’s stock worth $795,000 after buying an additional 1,354 shares during the last quarter. Applied Capital LLC FL increased its holdings in shares of Old Republic International by 2.0% during the 3rd quarter. Applied Capital LLC FL now owns 27,079 shares of the insurance provider’s stock worth $959,000 after buying an additional 526 shares during the last quarter. Bill Few Associates Inc. acquired a new stake in shares of Old Republic International during the 3rd quarter worth approximately $209,000. Finally, HFG Advisors Inc. increased its holdings in shares of Old Republic International by 15.3% during the 3rd quarter. HFG Advisors Inc. now owns 8,205 shares of the insurance provider’s stock worth $291,000 after buying an additional 1,090 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ORI shares. Piper Sandler raised their price target on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. StockNews.com cut shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st.

Insider Buying and Selling at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the sale, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Old Republic International Stock Performance

NYSE:ORI opened at $35.88 on Thursday. 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 fifty-two week low of $28.20 and a fifty-two week high of $39.27. The stock has a market capitalization of $9.10 billion, a P/E ratio of 13.64 and a beta of 0.88. The company has a 50 day moving average price of $36.09 and a 200 day moving average price of $35.82.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Equities research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio is presently 40.30%.

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.