Old Republic International Co. (NYSE:ORI) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lowered its position in Old Republic International Co. (NYSE:ORI) by 43.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,069 shares of the insurance provider’s stock after selling 1,582 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Old Republic International were worth $61,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC acquired a new position in Old Republic International in the 4th quarter worth $1,063,000. International Assets Investment Management LLC increased its position in shares of Old Republic International by 2,849.9% in the 4th quarter. International Assets Investment Management LLC now owns 124,428 shares of the insurance provider’s stock worth $3,658,000 after purchasing an additional 120,210 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of Old Republic International by 13.7% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 8,567 shares of the insurance provider’s stock worth $252,000 after purchasing an additional 1,034 shares during the last quarter. Camelot Portfolios LLC bought a new stake in shares of Old Republic International in the 4th quarter worth about $333,000. Finally, Venturi Wealth Management LLC increased its position in shares of Old Republic International by 1,337.8% in the 4th quarter. Venturi Wealth Management LLC now owns 7,333 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 6,823 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Price Performance

ORI opened at $28.96 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.25. Old Republic International Co. has a 1-year low of $24.03 and a 1-year high of $31.22. The company has a 50-day moving average of $29.31 and a 200-day moving average of $28.74. The company has a market capitalization of $7.98 billion, a P/E ratio of 13.80 and a beta of 0.81.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. Equities analysts expect that Old Republic International Co. will post 2.7 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s dividend payout ratio is currently 50.48%.

Analysts Set New Price Targets

ORI has been the subject of several research analyst reports. Piper Sandler boosted their target price on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

Insider Activity at Old Republic International

In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was acquired at an average price of $28.60 per share, with a total value of $55,055.00. Following the transaction, the director now directly owns 7,845 shares in the company, valued at $224,367. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $27.71, for a total transaction of $180,890.88. Following the completion of the transaction, the senior vice president now directly owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara Adachi bought 1,925 shares of Old Republic International stock in a transaction on Friday, February 16th. The shares were purchased at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the purchase, the director now directly owns 7,845 shares in the company, valued at $224,367. The disclosure for this purchase can be found here. Insiders own 0.78% of the company’s stock.

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.