Dakota Wealth Management Invests $767,000 in Old Republic International Corporation $ORI

Dakota Wealth Management purchased a new stake in Old Republic International Corporation (NYSE:ORI) in the 4th quarter, Holdings Channel reports. The fund purchased 16,802 shares of the insurance provider’s stock, valued at approximately $767,000.

Other institutional investors have also recently modified their holdings of the company. CoreCap Advisors LLC grew its holdings in Old Republic International by 10.2% during the fourth quarter. CoreCap Advisors LLC now owns 111,216 shares of the insurance provider’s stock worth $5,076,000 after acquiring an additional 10,321 shares during the period. Bank & Trust Co raised its position in Old Republic International by 0.4% in the fourth quarter. Bank & Trust Co now owns 94,549 shares of the insurance provider’s stock worth $4,315,000 after acquiring an additional 377 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Old Republic International by 300.7% in the fourth quarter. SG Americas Securities LLC now owns 68,240 shares of the insurance provider’s stock valued at $3,114,000 after acquiring an additional 51,208 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Old Republic International by 8.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 708,917 shares of the insurance provider’s stock worth $30,159,000 after purchasing an additional 57,728 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in shares of Old Republic International by 5.7% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 9,165 shares of the insurance provider’s stock worth $403,000 after purchasing an additional 496 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Stock Up 0.0%

Old Republic International stock opened at $39.43 on Monday. Old Republic International Corporation has a fifty-two week low of $34.43 and a fifty-two week high of $46.76. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 11.63 and a beta of 0.73. The stock’s fifty day moving average is $40.84 and its two-hundred day moving average is $42.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same period last year, the company posted $0.90 EPS. Analysts predict that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were given a dividend of $0.315 per share. The ex-dividend date was Monday, March 9th. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a yield of 3.2%. Old Republic International’s dividend payout ratio (DPR) is presently 37.17%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ORI shares. Piper Sandler reiterated a “neutral” rating and issued a $38.00 price target (down from $51.00) on shares of Old Republic International in a report on Thursday, January 22nd. Zacks Research upgraded shares of Old Republic International from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Weiss Ratings cut shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.50.

Insider Activity

In other Old Republic International news, Director John Eric Smith purchased 1,135 shares of Old Republic International stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $43.10 per share, with a total value of $48,918.50. Following the completion of the acquisition, the director directly owned 4,276 shares of the company’s stock, valued at approximately $184,295.60. This trade represents a 36.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 5,526 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.28, for a total transaction of $217,061.28. Following the completion of the sale, the senior vice president owned 27,875 shares in the company, valued at $1,094,930. This represents a 16.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.