Creative Planning Sells 430 Shares of Old Republic International Co. (NYSE:ORI)

Creative Planning trimmed its stake in shares of Old Republic International Co. (NYSE:ORI) by 0.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 59,121 shares of the insurance provider’s stock after selling 430 shares during the quarter. Creative Planning’s holdings in Old Republic International were worth $1,827,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ORI. Capital Fund Management S.A. lifted its position in shares of Old Republic International by 192.1% during the 4th quarter. Capital Fund Management S.A. now owns 337,054 shares of the insurance provider’s stock valued at $9,909,000 after acquiring an additional 221,682 shares during the period. Verition Fund Management LLC bought a new stake in shares of Old Republic International during the 4th quarter valued at $5,424,000. RMB Capital Management LLC lifted its position in shares of Old Republic International by 4.0% during the 4th quarter. RMB Capital Management LLC now owns 267,015 shares of the insurance provider’s stock valued at $7,850,000 after acquiring an additional 10,152 shares during the period. Point72 Europe London LLP bought a new stake in shares of Old Republic International during the 4th quarter valued at $605,000. Finally, Quarry LP acquired a new position in shares of Old Republic International during the 4th quarter worth $39,000. 70.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price target on Old Republic International from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday.

Old Republic International Price Performance

Old Republic International stock opened at $34.69 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. Old Republic International Co. has a 52 week low of $26.40 and a 52 week high of $36.09. The stock has a market capitalization of $8.97 billion, a P/E ratio of 13.50 and a beta of 0.84. The stock has a fifty day moving average of $34.94 and a 200-day moving average of $32.26.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. On average, sell-side analysts expect that Old Republic International Co. will post 2.83 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were paid a $1.06 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s payout ratio is 41.25%.

Old Republic International Company 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.