HFG Advisors Inc. Increases Stock Holdings in Old Republic International Co. (NYSE:ORI)

HFG Advisors Inc. boosted its stake in shares of Old Republic International Co. (NYSE:ORI) by 15.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 8,205 shares of the insurance provider’s stock after acquiring an additional 1,090 shares during the period. HFG Advisors Inc.’s holdings in Old Republic International were worth $291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Bill Few Associates Inc. purchased a new position in Old Republic International in the 3rd quarter valued at about $209,000. Applied Capital LLC FL lifted its position in shares of Old Republic International by 2.0% in the third quarter. Applied Capital LLC FL now owns 27,079 shares of the insurance provider’s stock valued at $959,000 after acquiring an additional 526 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of Old Republic International by 6.4% in the third quarter. NBC Securities Inc. now owns 22,458 shares of the insurance provider’s stock worth $795,000 after acquiring an additional 1,354 shares during the last quarter. Creative Planning increased its position in shares of Old Republic International by 11.4% during the third quarter. Creative Planning now owns 65,847 shares of the insurance provider’s stock worth $2,332,000 after purchasing an additional 6,726 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Old Republic International by 8.8% in the 3rd quarter. Inspire Investing LLC now owns 61,243 shares of the insurance provider’s stock valued at $2,169,000 after purchasing an additional 4,963 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler increased their target price on shares of Old Republic International from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Friday, October 4th.

Old Republic International Trading Up 0.5 %

NYSE:ORI traded up $0.18 during trading hours on Thursday, hitting $36.35. The company had a trading volume of 40,199 shares, compared to its average volume of 1,450,888. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33. Old Republic International Co. has a 1 year low of $26.40 and a 1 year high of $36.50. The company has a 50-day moving average of $35.14 and a 200 day moving average of $32.50. The company has a market cap of $9.88 billion, a P/E ratio of 14.07 and a beta of 0.84.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.61 by $0.15. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the company earned $0.62 EPS. Sell-side analysts expect that Old Republic International Co. will post 2.83 earnings per share for the current year.

Old Republic International Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were paid a dividend of $1.06 per share. This represents a yield of 3.05%. The ex-dividend date of this dividend was Friday, September 6th. Old Republic International’s payout ratio is 41.25%.

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.