Bogart Wealth LLC Reduces Position in Old Republic International Co. (NYSE:ORI)

Bogart Wealth LLC reduced its holdings in Old Republic International Co. (NYSE:ORI) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,519 shares of the insurance provider’s stock after selling 2,118 shares during the period. Bogart Wealth LLC owned approximately 0.08% of Old Republic International worth $7,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Old Republic International during the third quarter worth $28,000. V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International in the 3rd quarter worth $31,000. Core Alternative Capital purchased a new position in shares of Old Republic International during the 4th quarter worth $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International during the 4th quarter valued at about $39,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on ORI. Piper Sandler boosted their target price on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st. StockNews.com lowered Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st.

Insider Buying and Selling

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

Old Republic International Stock Up 1.6 %

Shares of ORI opened at $36.51 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9.26 billion, a P/E ratio of 13.88 and a beta of 0.88. The company’s 50-day moving average price is $36.04 and its 200 day moving average price is $35.82. Old Republic International Co. has a 12-month low of $28.20 and a 12-month high of $39.27.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is presently 40.30%.

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.