Bellecapital International Ltd. Makes New Investment in Old Republic International Co. (NYSE:ORI)

Bellecapital International Ltd. purchased a new stake in Old Republic International Co. (NYSE:ORI) during the third quarter, Holdings Channel.com reports. The firm purchased 5,713 shares of the insurance provider’s stock, valued at approximately $202,000.

Several other large investors have also recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in Old Republic International by 53.0% in the fourth quarter. Wellington Management Group LLP now owns 73,628 shares of the insurance provider’s stock valued at $2,165,000 after purchasing an additional 25,503 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Old Republic International during the 4th quarter worth approximately $311,000. Viking Fund Management LLC lifted its position in Old Republic International by 9.1% during the first quarter. Viking Fund Management LLC now owns 120,000 shares of the insurance provider’s stock valued at $3,686,000 after acquiring an additional 10,000 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its stake in Old Republic International by 1.0% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 57,263 shares of the insurance provider’s stock valued at $1,759,000 after acquiring an additional 549 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Old Republic International by 17.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 31,120 shares of the insurance provider’s stock worth $956,000 after purchasing an additional 4,597 shares during the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Stock Performance

ORI stock traded down $0.30 during trading on Monday, reaching $36.10. The company had a trading volume of 92,827 shares, compared to its average volume of 1,444,389. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 14.16 and a beta of 0.84. Old Republic International Co. has a twelve month low of $26.40 and a twelve month high of $36.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50-day simple moving average of $35.24 and a 200-day simple moving average of $32.59.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.61 by $0.15. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. As a group, sell-side analysts expect that Old Republic International Co. will post 2.83 earnings per share for the current year.

Old Republic International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price objective on Old Republic International from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Friday, October 4th.

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.