Saxony Capital Management LLC Takes $205,000 Position in Old Republic International Co. (NYSE:ORI)

Saxony Capital Management LLC bought a new position in shares of Old Republic International Co. (NYSE:ORI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,658 shares of the insurance provider’s stock, valued at approximately $205,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP boosted its position in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Old Republic International during the third quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new stake in shares of Old Republic International during the third quarter valued at about $31,000. Synergy Asset Management LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at about $39,000. Finally, Crews Bank & Trust purchased a new position in shares of Old Republic International in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ORI. Piper Sandler increased their price objective on 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 upgraded shares of Old Republic International from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 24th.

Old Republic International Stock Performance

ORI opened at $36.87 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. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The firm has a 50 day moving average of $36.50 and a two-hundred day moving average of $35.54. The firm has a market capitalization of $9.35 billion, a PE ratio of 14.02 and a beta of 0.88.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Dividend Announcement

The firm also recently declared 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 of this dividend was Friday, January 3rd. Old Republic International’s payout ratio is 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.