Cyndeo Wealth Partners LLC Has $6.51 Million Position in Old Republic International Co. (NYSE:ORI)

Cyndeo Wealth Partners LLC decreased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,781 shares of the insurance provider’s stock after selling 5,792 shares during the period. Cyndeo Wealth Partners LLC owned approximately 0.07% of Old Republic International worth $6,510,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Old Republic International during the third quarter worth $31,000. Versant Capital Management Inc raised its holdings in Old Republic International by 555.6% during the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after buying an additional 750 shares during the last quarter. Mather Group LLC. raised its holdings in Old Republic International by 201.0% during the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock worth $27,000 after buying an additional 597 shares during the last quarter. Innealta Capital LLC acquired a new position in Old Republic International during the second quarter worth $30,000. Finally, Covestor Ltd raised its holdings in Old Republic International by 23.0% during the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock worth $59,000 after buying an additional 362 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler upped their price objective on shares of Old Republic International from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, October 4th.

Old Republic International Stock Performance

NYSE ORI opened at $36.40 on Friday. Old Republic International Co. has a 1 year low of $26.40 and a 1 year high of $36.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 14.16 and a beta of 0.84. The company has a fifty day moving average price of $35.24 and a 200-day moving average price of $32.58.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.15. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.92 billion. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. During the same quarter in the prior year, the business earned $0.62 earnings per share. As a group, equities research analysts predict that Old Republic International Co. will post 2.83 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were given a dividend of $1.06 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a yield of 3.05%. Old Republic International’s payout ratio is currently 41.25%.

Old Republic International 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.