Jefferson Bridge Capital LLC Takes $2.66 Million Position in Old Republic International Corporation $ORI

Jefferson Bridge Capital LLC bought a new stake in Old Republic International Corporation (NYSE:ORI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 58,350 shares of the insurance provider’s stock, valued at approximately $2,663,000. Old Republic International makes up approximately 2.7% of Jefferson Bridge Capital LLC’s portfolio, making the stock its 13th largest position.

Other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC bought a new position in shares of Old Republic International in the third quarter valued at approximately $27,000. Clearstead Trust LLC grew its holdings in shares of Old Republic International by 65.6% in 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 in the last quarter. Core Alternative Capital bought a new position in shares of Old Republic International in the third quarter valued at approximately $42,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Old Republic International by 28.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 222 shares in the last quarter. Finally, Caldwell Trust Co grew its holdings 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 valued at $45,000 after acquiring an additional 450 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Old Republic International Trading Up 0.4%

NYSE:ORI opened at $40.48 on Wednesday. The company has a market cap of $9.86 billion, a P/E ratio of 11.94 and a beta of 0.72. The stock’s fifty day moving average price is $40.79 and its two-hundred day moving average price is $42.27. Old Republic International Corporation has a 1 year low of $34.53 and a 1 year high of $46.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27.

Old Republic International (NYSE:ORI) last posted its 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 in the previous year, the company posted $0.90 EPS. As a group, analysts expect that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business 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. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, March 9th. Old Republic International’s dividend payout ratio (DPR) is currently 37.17%.

Insider Buying and Selling at Old Republic International

In related news, Director John Eric Smith bought 1,135 shares of the company’s stock in a transaction 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 in the company, valued at approximately $184,295.60. The trade was a 36.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 5,526 shares of the stock in a transaction 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 sale, the senior vice president owned 27,875 shares in the company, valued at approximately $1,094,930. This represents a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ORI has been the subject of several recent analyst reports. Zacks Research raised Old Republic International from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Piper Sandler reaffirmed a “neutral” rating and issued a $38.00 target price (down from $51.00) on shares of Old Republic International in a report on Thursday, January 22nd. Finally, Weiss Ratings lowered Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a report on Friday, March 27th. One research 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 stock. According to MarketBeat, Old Republic International currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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.