Naples Global Advisors LLC Decreases Position in Old Republic International Co. (NYSE:ORI)

Naples Global Advisors LLC decreased its position in shares of Old Republic International Co. (NYSE:ORI) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,812 shares of the insurance provider’s stock after selling 1,294 shares during the quarter. Naples Global Advisors LLC’s holdings in Old Republic International were worth $1,694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Core Alternative Capital bought a new stake in shares of Old Republic International in the 4th quarter worth $36,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Old Republic International during the fourth quarter valued at $203,000. Entropy Technologies LP bought a new stake in Old Republic International in the 4th quarter worth about $2,702,000. Lecap Asset Management Ltd. purchased a new position in Old Republic International in the 4th quarter worth about $284,000. Finally, Measured Wealth Private Client Group LLC lifted its stake in Old Republic International by 83.2% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 19,083 shares of the insurance provider’s stock valued at $691,000 after acquiring an additional 8,669 shares during the period. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Up 1.6 %

Old Republic International stock opened at $36.51 on Friday. Old Republic International Co. has a one year low of $28.20 and a one year high of $39.27. The stock has a fifty day moving average of $36.04 and a 200 day moving average of $35.82. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The stock has a market cap of $9.26 billion, a PE ratio of 13.88 and a beta of 0.88.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, sell-side analysts predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

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

Insider Activity

In other news, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the transaction, the senior vice president now owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ORI shares. Piper Sandler lifted their price target on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. StockNews.com downgraded shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st.

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.