1,100 Shares in Old Republic International Co. (NYSE:ORI) Acquired by Synergy Asset Management LLC

Synergy Asset Management LLC bought a new stake in shares of Old Republic International Co. (NYSE:ORI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,100 shares of the insurance provider’s stock, valued at approximately $39,000.

Several other institutional investors have also recently made changes to their positions in ORI. Janus Henderson Group PLC raised its stake in shares of Old Republic International by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after purchasing an additional 6,664 shares during the period. Atomi Financial Group Inc. grew its holdings in Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after buying an additional 302 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Old Republic International by 37.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after buying an additional 19,400 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after buying an additional 42,934 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new position in shares of Old Republic International in the third quarter valued at approximately $835,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI opened at $36.58 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 stock has a 50-day moving average price of $36.43 and a 200-day moving average price of $35.58. The company has a market cap of $9.28 billion, a PE ratio of 13.91 and a beta of 0.88. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27.

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, topping 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%. As a group, equities analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is currently 40.30%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ORI. Piper Sandler upped their target price on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. StockNews.com cut shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a report on Saturday.

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.