13,500 Shares in Old Republic International Corporation $ORI Bought by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC purchased a new stake in shares of Old Republic International Corporation (NYSE:ORI) in the fourth quarter, Holdings Channel reports. The firm purchased 13,500 shares of the insurance provider’s stock, valued at approximately $616,000.

Other institutional investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in Old Republic International in the 3rd quarter worth $27,000. Clearstead Trust LLC raised its stake in shares of Old Republic International by 65.6% during the third quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 288 shares during the last quarter. Core Alternative Capital purchased a new stake in shares of Old Republic International during the third quarter worth about $42,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Old Republic International by 28.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 222 shares during the period. Finally, Caldwell Trust Co grew its stake in shares of Old Republic International by 75.0% in the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

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

Old Republic International Trading Down 0.2%

NYSE:ORI opened at $39.85 on Wednesday. The company has a 50-day moving average price of $40.72 and a 200-day moving average price of $42.25. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 11.76 and a beta of 0.73. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a 12 month low of $34.43 and a 12 month high of $46.76.

Old Republic International (NYSE:ORI) last announced 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 net margin of 10.24% and a return on equity of 16.21%. During the same quarter in the previous year, the firm posted $0.90 EPS. Equities analysts predict that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

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

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 5,526 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the transaction, the senior vice president owned 27,875 shares in the company, valued at $1,094,930. This trade represents a 16.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Eric Smith purchased 1,135 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the completion of the transaction, the director directly owned 4,276 shares of the company’s stock, valued at $184,295.60. This represents a 36.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by corporate insiders.

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. 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.