Golden State Equity Partners Acquires 3,086 Shares of Old Republic International Co. (NYSE:ORI)

Golden State Equity Partners increased its holdings in Old Republic International Co. (NYSE:ORI) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,271 shares of the insurance provider’s stock after purchasing an additional 3,086 shares during the quarter. Golden State Equity Partners’ holdings in Old Republic International were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Allworth Financial LP boosted its position in Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Old Republic International during the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new stake in Old Republic International during the 3rd quarter valued at approximately $31,000. Synergy Asset Management LLC bought a new stake in Old Republic International during the 4th quarter valued at approximately $39,000. Finally, Crews Bank & Trust bought a new stake in Old Republic International during the 4th quarter valued at approximately $40,000. 70.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORI has been the topic of several research reports. StockNews.com cut Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Piper Sandler lifted their price objective on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, October 21st.

Old Republic International Stock Performance

Shares of ORI opened at $36.58 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average price is $36.43 and its 200-day moving average price is $35.63. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $39.27. The stock has a market cap of $9.28 billion, a P/E ratio of 13.91 and a beta of 0.88.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. Equities research analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is currently 40.30%.

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.