Golden State Equity Partners Raises Position in Old Republic International Co. (NYSE:ORI)

Golden State Equity Partners increased its holdings in Old Republic International Co. (NYSE:ORI) by 20.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,271 shares of the insurance provider’s stock after buying an additional 3,086 shares during the period. Golden State Equity Partners’ holdings in Old Republic International were worth $661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in Old Republic International by 5.9% during the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after purchasing an additional 6,664 shares in the last quarter. Atomi Financial Group Inc. raised its position in Old Republic International by 4.1% during the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 302 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Old Republic International by 37.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after purchasing an additional 19,400 shares in the last quarter. JPMorgan Chase & Co. raised its position in Old Republic International by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after purchasing an additional 42,934 shares in the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in Old Republic International during the third quarter valued at about $835,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Down 0.8 %

ORI opened at $36.58 on Monday. The company has a market cap of $9.28 billion, a P/E ratio of 13.91 and a beta of 0.88. The business’s 50-day moving average price is $36.43 and its 200-day moving average price is $35.63. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS 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%. On average, equities analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on ORI. Piper Sandler raised their price target on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. StockNews.com downgraded Old Republic International from a “strong-buy” rating to a “buy” rating in a report on Saturday.

About Old Republic International

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.