Evolution Advisers Inc. Has $284,000 Stake in Old Republic International Co. (NYSE:ORI)

Evolution Advisers Inc. decreased its position in shares of Old Republic International Co. (NYSE:ORI) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,873 shares of the insurance provider’s stock after selling 1,711 shares during the period. Evolution Advisers Inc.’s holdings in Old Republic International were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of Old Republic International by 5.9% during the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock worth $4,262,000 after buying an additional 6,664 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 302 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Old Republic International by 37.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after purchasing an additional 19,400 shares in the last quarter. Orca Wealth Management LLC acquired a new stake in shares of Old Republic International in the fourth quarter valued at approximately $5,209,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock valued at $30,160,000 after purchasing an additional 42,934 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ORI shares. StockNews.com lowered 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 target 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.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction on Friday, January 31st. The stock was 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 in the company, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

Shares of Old Republic International stock opened at $36.22 on Wednesday. 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 firm has a market cap of $9.18 billion, a P/E ratio of 13.77 and a beta of 0.88. The firm has a 50 day simple moving average of $36.13 and a 200 day simple moving average of $35.80. Old Republic International Co. has a fifty-two week low of $28.13 and a fifty-two week high of $39.27.

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, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Sell-side analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s payout ratio is presently 40.30%.

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.