Truist Financial Corp Has $744,000 Stock Holdings in Old Republic International Co. (NYSE:ORI)

Truist Financial Corp boosted its holdings in shares of Old Republic International Co. (NYSE:ORI) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,545 shares of the insurance provider’s stock after purchasing an additional 1,425 shares during the period. Truist Financial Corp’s holdings in Old Republic International were worth $744,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Old Republic International during the third quarter valued at $28,000. Core Alternative Capital acquired a new position in Old Republic International in the fourth quarter valued at about $36,000. Synergy Asset Management LLC bought a new position in Old Republic International in the fourth quarter valued at approximately $39,000. Crews Bank & Trust bought a new stake in shares of Old Republic International in the fourth quarter valued at about $40,000. Finally, FSA Wealth Management LLC bought a new position in shares of Old Republic International during the 3rd quarter worth approximately $41,000. 70.92% of the stock is owned by institutional investors.

Old Republic International Stock Up 1.7 %

ORI opened at $38.49 on Monday. The stock’s fifty day simple moving average is $36.10 and its 200 day simple moving average is $36.07. 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 market cap of $9.76 billion, a PE ratio of 14.63 and a beta of 0.88. Old Republic International Co. has a 1-year low of $28.59 and a 1-year 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 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. As a group, research analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be paid a $0.29 dividend. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Monday, March 10th. Old Republic International’s payout ratio is 40.30%.

Insider Buying and Selling

In related news, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the sale, the senior vice president now owns 33,556 shares in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the company’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 completion of the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This 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 company insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

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.