Old Republic International Co. (NYSE:ORI) Shares Sold by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. cut its stake in Old Republic International Co. (NYSE:ORI) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,768 shares of the insurance provider’s stock after selling 1,925 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in Old Republic International were worth $1,077,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Old Republic International in the third quarter valued at approximately $28,000. V Square Quantitative Management LLC purchased a new position in Old Republic International during the third quarter worth approximately $31,000. Synergy Asset Management LLC acquired a new position in Old Republic International during the fourth quarter worth $39,000. Finally, Crews Bank & Trust purchased a new stake in Old Republic International in the 4th quarter valued at $40,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.78% of the company’s stock.

Old Republic International Trading Up 0.5 %

Shares of Old Republic International stock opened at $36.31 on Thursday. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 13.80 and a beta of 0.88. The stock has a 50 day moving average of $36.27 and a 200 day moving average of $35.69.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on ORI. Piper Sandler lifted their price target on 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 downgraded 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 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.