Etesian Wealth Advisors Inc. Cuts Stock Position in Old Republic International Co. (NYSE:ORI)

Etesian Wealth Advisors Inc. lessened its position in shares of Old Republic International Co. (NYSE:ORI) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,768 shares of the insurance provider’s stock after selling 1,925 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in Old Republic International were worth $1,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORI. Allworth Financial LP increased its position in shares of Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Old Republic International during the 3rd quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in Old Republic International during the 3rd quarter valued at about $31,000. Synergy Asset Management LLC purchased a new stake in Old Republic International in the fourth quarter valued at about $39,000. Finally, Crews Bank & Trust acquired a new stake in Old Republic International in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

Shares of ORI opened at $36.31 on Thursday. The stock has a 50-day moving average of $36.27 and a two-hundred day moving average of $35.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The stock has a market cap of $9.21 billion, a P/E ratio of 13.80 and a beta of 0.88. Old Republic International Co. has a one year low of $27.19 and a one year high of $39.27.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 predict that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were issued 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 presently 40.30%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Piper Sandler upped their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the company 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, February 1st.

Insider Activity at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was 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 owns 34,679 shares of the company’s stock, valued at $1,267,864.24. The trade was a 3.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.78% of the stock is currently owned by insiders.

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.