Krilogy Financial LLC Acquires New Shares in Old Republic International Corporation $ORI

Krilogy Financial LLC bought a new position in shares of Old Republic International Corporation (NYSE:ORI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 18,179 shares of the insurance provider’s stock, valued at approximately $740,000.

Several other large investors have also modified their holdings of the business. Core Alternative Capital bought a new position in shares of Old Republic International during the third quarter valued at approximately $42,000. Caldwell Trust Co lifted its holdings in Old Republic International by 75.0% during the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after buying an additional 450 shares during the period. SJS Investment Consulting Inc. lifted its holdings in Old Republic International by 37.1% during the third quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock worth $47,000 after buying an additional 298 shares during the period. Headlands Technologies LLC bought a new stake in Old Republic International during the 2nd quarter valued at $46,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Old Republic International by 29.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 274 shares during the period. Institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Down 0.1%

Old Republic International stock opened at $42.59 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.64. The stock has a market cap of $10.54 billion, a PE ratio of 12.56 and a beta of 0.75. The stock has a 50-day moving average of $43.03 and a two-hundred day moving average of $41.75. Old Republic International Corporation has a one year low of $34.43 and a one year high of $46.76.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same quarter in the previous year, the firm posted $0.90 EPS. On average, research analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, January 2nd were paid a dividend of $2.50 per share. The ex-dividend date was Friday, January 2nd. Old Republic International’s dividend payout ratio is presently 34.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Zacks Research cut Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Finally, Piper Sandler restated a “neutral” rating and issued a $38.00 price target (down from $51.00) on shares of Old Republic International in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

Insider Activity

In other news, SVP Carolyn Monroe sold 5,526 shares of Old Republic International stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $39.28, for a total transaction of $217,061.28. Following the completion of the sale, the senior vice president directly owned 27,875 shares in the company, valued at approximately $1,094,930. The trade was a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.