Highline Wealth Partners LLC Acquires 27,268 Shares of Old Republic International Corporation $ORI

Highline Wealth Partners LLC raised its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 160,400.0% during the 4th quarter, HoldingsChannel reports. The fund owned 27,285 shares of the insurance provider’s stock after acquiring an additional 27,268 shares during the quarter. Highline Wealth Partners LLC’s holdings in Old Republic International were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ORI. JPL Wealth Management LLC purchased a new stake in shares of Old Republic International in the 3rd quarter worth $27,000. Clearstead Trust LLC lifted its position in 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 purchasing an additional 288 shares in the last quarter. Core Alternative Capital purchased a new position in Old Republic International during the third quarter valued at $42,000. Wilmington Savings Fund Society FSB grew its holdings in 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 valued at $43,000 after purchasing an additional 222 shares during the period. Finally, Caldwell Trust Co increased its position in 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 buying an additional 450 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Down 0.2%

Shares of ORI opened at $39.85 on Wednesday. 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 52-week low of $34.43 and a 52-week high of $46.76. The company has a market cap of $9.79 billion, a PE ratio of 11.76 and a beta of 0.73. The business has a fifty day moving average of $40.72 and a 200 day moving average of $42.25.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share 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 company posted $0.90 earnings per share. On average, sell-side analysts expect that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Monday, March 9th were given a $0.315 dividend. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.26 dividend on an annualized basis and a yield of 3.2%. Old Republic International’s dividend payout ratio is currently 37.17%.

Insider Activity

In other Old Republic International news, SVP Carolyn Monroe sold 5,526 shares of the firm’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 of the company’s stock, valued at $1,094,930. This trade represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Eric Smith bought 1,135 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were acquired at an average price of $43.10 per share, with a total value of $48,918.50. Following the transaction, 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 SEC filing for this purchase provides additional information. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

ORI has been the topic of several recent research reports. Weiss Ratings downgraded Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday. Piper Sandler reiterated a “neutral” rating and set a $38.00 price objective (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Finally, Zacks Research raised shares of Old Republic International from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.50.

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. 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.