Janney Montgomery Scott LLC Purchases 300 Shares of Old Republic International Corporation $ORI

Janney Montgomery Scott LLC grew its position in shares of Old Republic International Corporation (NYSE:ORI) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,880 shares of the insurance provider’s stock after buying an additional 300 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Old Republic International were worth $3,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new stake in shares of Old Republic International during the first quarter valued at approximately $25,000. 1 North Wealth Services LLC bought a new stake in shares of Old Republic International during the first quarter valued at approximately $29,000. Quarry LP grew its stake in shares of Old Republic International by 6,645.5% during the first quarter. Quarry LP now owns 742 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 731 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Old Republic International during the first quarter valued at approximately $31,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Old Republic International during the first quarter valued at approximately $35,000. 70.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Stephen J. Oberst sold 4,797 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the sale, the executive vice president directly owned 54,661 shares in the company, valued at $2,147,630.69. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Carolyn Monroe sold 6,849 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $36.52, for a total transaction of $250,125.48. Following the sale, the senior vice president owned 35,755 shares in the company, valued at approximately $1,305,772.60. The trade was a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Old Republic International Trading Up 0.2%

ORI opened at $43.31 on Thursday. The firm’s fifty day moving average is $39.88 and its two-hundred day moving average is $38.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $10.76 billion, a PE ratio of 14.83 and a beta of 0.76. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $44.00.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. Old Republic International’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were issued a $0.29 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.16 annualized dividend and a yield of 2.7%. Old Republic International’s dividend payout ratio (DPR) is 39.73%.

Wall Street Analyst Weigh In

Several research firms have recently commented on ORI. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $43.00 to $47.00 in a research note on Monday, September 22nd. Wall Street Zen cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday. Finally, Piper Sandler increased their price target on shares of Old Republic International from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, Old Republic International has an average rating of “Strong Buy” and an average price target of $47.00.

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.