Tounjian Advisory Partners LLC Invests $1.05 Million in Old Republic International Corporation $ORI

Tounjian Advisory Partners LLC bought a new position in Old Republic International Corporation (NYSE:ORI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,710 shares of the insurance provider’s stock, valued at approximately $1,049,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in ORI. Ellsworth Advisors LLC bought a new stake in Old Republic International during the 3rd quarter worth approximately $6,000,000. Vest Financial LLC bought a new stake in shares of Old Republic International during the 3rd quarter valued at $1,517,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Old Republic International by 261.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 277,350 shares of the insurance provider’s stock valued at $11,779,000 after purchasing an additional 200,692 shares during the period. American National Bank & Trust lifted its stake in shares of Old Republic International by 80.0% during the 3rd quarter. American National Bank & Trust now owns 45,000 shares of the insurance provider’s stock valued at $1,911,000 after buying an additional 20,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Old Republic International by 19.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,585,558 shares of the insurance provider’s stock worth $152,279,000 after buying an additional 575,778 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Activity

In other Old Republic International news, SVP Carolyn Monroe sold 5,526 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the transaction, the senior vice president owned 27,875 shares in the company, valued at $1,094,930. The trade was a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Old Republic International Stock Performance

Old Republic International stock opened at $42.91 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.64 and a quick ratio of 0.26. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. The firm has a 50 day simple moving average of $42.49 and a 200-day simple moving average of $42.13. Old Republic International Corporation has a 1-year low of $34.43 and a 1-year high of $46.76.

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 return on equity of 16.21% and a net margin of 10.24%.During the same quarter in the previous year, the company earned $0.90 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders 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 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, March 9th. Old Republic International’s dividend payout ratio (DPR) is currently 34.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ORI shares. Weiss Ratings reiterated a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Piper Sandler restated 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, Zacks Research lowered shares of Old Republic International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.50.

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.