SPC Financial Inc. Cuts Stock Holdings in Old Republic International Co. (NYSE:ORI)

SPC Financial Inc. lowered its position in Old Republic International Co. (NYSE:ORI) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,700 shares of the insurance provider’s stock after selling 1,337 shares during the period. SPC Financial Inc.’s holdings in Old Republic International were worth $627,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. EP Wealth Advisors LLC purchased a new stake in shares of Old Republic International during the fourth quarter valued at approximately $217,000. Wellington Management Group LLP increased its position in shares of Old Republic International by 53.0% during the 4th quarter. Wellington Management Group LLP now owns 73,628 shares of the insurance provider’s stock valued at $2,165,000 after purchasing an additional 25,503 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Old Republic International during the 4th quarter worth $311,000. NBC Securities Inc. boosted its holdings in shares of Old Republic International by 5.4% in the 1st quarter. NBC Securities Inc. now owns 21,159 shares of the insurance provider’s stock worth $651,000 after buying an additional 1,086 shares during the last quarter. Finally, Viking Fund Management LLC grew its position in Old Republic International by 9.1% during the first quarter. Viking Fund Management LLC now owns 120,000 shares of the insurance provider’s stock valued at $3,686,000 after buying an additional 10,000 shares during the period. 70.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Old Republic International Stock Performance

NYSE:ORI opened at $36.44 on Friday. Old Republic International Co. has a 1 year low of $26.40 and a 1 year high of $36.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.29 and a quick ratio of 0.29. The business has a fifty day simple moving average of $35.19 and a two-hundred day simple moving average of $32.53. The company has a market capitalization of $9.90 billion, a P/E ratio of 14.18 and a beta of 0.84.

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

Old Republic International Dividend Announcement

The firm also recently declared 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 dividend yield of 3.05%. The ex-dividend date was Friday, September 6th. Old Republic International’s payout ratio is currently 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.