Captrust Financial Advisors Buys 1,582,895 Shares of Old Republic International Corporation $ORI

Captrust Financial Advisors boosted its stake in Old Republic International Corporation (NYSE:ORI) by 98.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,197,538 shares of the insurance provider’s stock after buying an additional 1,582,895 shares during the quarter. Captrust Financial Advisors’ holdings in Old Republic International were worth $135,799,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. JPL Wealth Management LLC purchased a new position in Old Republic International during the 3rd quarter worth $27,000. Clearstead Trust LLC increased its stake in Old Republic International by 65.6% in the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after buying an additional 288 shares during the last quarter. Core Alternative Capital bought a new position in shares of Old Republic International during the 3rd quarter worth approximately $42,000. Caldwell Trust Co boosted its stake in shares of Old Republic International by 75.0% in the 3rd quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after buying an additional 450 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Old Republic International in the 2nd quarter worth approximately $46,000. 70.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on ORI shares. Zacks Research downgraded Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Weiss Ratings raised Old Republic International from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday. Finally, Piper Sandler restated a “neutral” rating and issued a $38.00 price objective (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Old Republic International Stock Down 0.4%

Old Republic International stock opened at $40.18 on Wednesday. The firm has a 50 day moving average price of $41.45 and a 200-day moving average price of $42.33. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a twelve month low of $34.43 and a twelve month high of $46.76. The company has a market capitalization of $9.87 billion, a P/E ratio of 11.85 and a beta of 0.73.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.90 earnings per share. As a group, 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 will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be given a $0.315 dividend. 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 3.1%. The ex-dividend date of this dividend is Monday, March 9th. Old Republic International’s dividend payout ratio (DPR) is 37.17%.

Insider Buying and Selling at Old Republic International

In other news, Director John Eric Smith acquired 1,135 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was bought at an average price of $43.10 per share, with a total value of $48,918.50. Following the acquisition, the director owned 4,276 shares in the company, valued at $184,295.60. The trade was a 36.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Carolyn Monroe sold 5,526 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $39.28, for a total value 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. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

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.