Old Republic International Co. (NYSE:ORI) Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC raised its holdings in shares of Old Republic International Co. (NYSE:ORI) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,035 shares of the insurance provider’s stock after acquiring an additional 13,976 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Old Republic International were worth $8,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ORI. Norges Bank acquired a new stake in Old Republic International during the 4th quarter valued at approximately $105,581,000. Raymond James Financial Inc. acquired a new position in shares of Old Republic International in the 4th quarter valued at $67,054,000. Invesco Ltd. lifted its stake in shares of Old Republic International by 26.4% in the 4th quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider’s stock valued at $85,044,000 after purchasing an additional 490,788 shares during the period. Northern Trust Corp lifted its stake in shares of Old Republic International by 14.4% in the 4th quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider’s stock valued at $114,940,000 after purchasing an additional 400,384 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of Old Republic International by 93.8% in the 4th quarter. Millennium Management LLC now owns 823,500 shares of the insurance provider’s stock valued at $29,802,000 after purchasing an additional 398,531 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Performance

NYSE:ORI opened at $37.34 on Monday. 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 company has a fifty day moving average of $37.57 and a two-hundred day moving average of $37.04. The stock has a market capitalization of $9.23 billion, a PE ratio of 14.20 and a beta of 0.74. Old Republic International Co. has a fifty-two week low of $29.57 and a fifty-two week high of $39.84.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, June 6th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Friday, June 6th. Old Republic International’s dividend payout ratio is presently 47.15%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ORI shares. Wall Street Zen cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Saturday. Piper Sandler set a $42.00 target price on shares of Old Republic International in a research note on Friday, April 25th. Finally, Raymond James set a $42.00 target price on shares of Old Republic International and gave the company an “outperform” rating in a research note on Monday, April 28th.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the transaction, the senior vice president now directly owns 35,755 shares in the company, valued at approximately $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

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.