CIBC Asset Management Inc Boosts Holdings in Old Republic International Co. (NYSE:ORI)

CIBC Asset Management Inc boosted its holdings in shares of Old Republic International Co. (NYSE:ORI) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,627 shares of the insurance provider’s stock after buying an additional 464 shares during the quarter. CIBC Asset Management Inc’s holdings in Old Republic International were worth $312,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Creative Planning lifted its position 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 valued at $2,332,000 after buying an additional 6,726 shares in the last quarter. Blue Trust Inc. raised its stake in Old Republic International by 26.8% during the 3rd quarter. Blue Trust Inc. now owns 4,390 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 927 shares during the period. International Assets Investment Management LLC lifted its holdings in Old Republic International by 1,268.1% during the third quarter. International Assets Investment Management LLC now owns 78,448 shares of the insurance provider’s stock valued at $2,779,000 after purchasing an additional 72,714 shares in the last quarter. Lake Street Advisors Group LLC bought a new position in shares of Old Republic International in the third quarter worth approximately $209,000. Finally, Allworth Financial LP boosted its position in shares of Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares during the period. 70.92% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were 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 in the company, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

NYSE ORI opened at $36.81 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a twelve month low of $28.59 and a twelve month high of $39.27. The business has a 50-day moving average price of $35.97 and a 200-day moving average price of $35.97. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 13.99 and a beta of 0.88.

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

Old Republic International Announces Dividend

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

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 1st.

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.