Everhart Financial Group Inc. Buys 620 Shares of Old Republic International Co. (NYSE:ORI)

Everhart Financial Group Inc. raised its stake in shares of Old Republic International Co. (NYSE:ORI) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,833 shares of the insurance provider’s stock after purchasing an additional 620 shares during the period. Everhart Financial Group Inc.’s holdings in Old Republic International were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ORI. Creative Planning lifted its holdings in shares of Old Republic International by 11.4% in the 3rd quarter. Creative Planning now owns 65,847 shares of the insurance provider’s stock valued at $2,332,000 after acquiring an additional 6,726 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Old Republic International in the 3rd quarter valued at about $31,000. Trust Point Inc. bought a new position in shares of Old Republic International in the 3rd quarter valued at about $236,000. Blue Trust Inc. lifted its holdings in shares of Old Republic International by 26.8% in the 3rd quarter. Blue Trust Inc. now owns 4,390 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 927 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in shares of Old Republic International by 8.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,268 shares of the insurance provider’s stock valued at $257,000 after acquiring an additional 541 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ORI shares. StockNews.com downgraded shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 1st. Piper Sandler raised their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st.

Old Republic International Stock Down 0.3 %

Shares of NYSE ORI opened at $36.39 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The company has a market cap of $9.23 billion, a P/E ratio of 13.83 and a beta of 0.88. Old Republic International Co. has a 1 year low of $28.20 and a 1 year high of $39.27. The firm has a 50-day simple moving average of $35.98 and a two-hundred day simple moving average of $35.86.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Research analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were given 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%.

Insider Transactions at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the firm’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 transaction of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

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.