Foster & Motley Inc. Has $861,000 Stock Position in Old Republic International Co. (NYSE:ORI)

Foster & Motley Inc. boosted its holdings in shares of Old Republic International Co. (NYSE:ORI) by 25.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,799 shares of the insurance provider’s stock after acquiring an additional 4,774 shares during the quarter. Foster & Motley Inc.’s holdings in Old Republic International were worth $861,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its position in Old Republic International by 5.9% during the 3rd quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock worth $4,262,000 after acquiring an additional 6,664 shares during the period. Atomi Financial Group Inc. boosted its position in Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after acquiring an additional 302 shares during the period. Nisa Investment Advisors LLC boosted its position in Old Republic International by 37.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock worth $2,595,000 after acquiring an additional 19,400 shares during the period. JPMorgan Chase & Co. boosted its position in Old Republic International by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after acquiring an additional 42,934 shares during the period. Finally, RIA Advisory Group LLC acquired a new stake in Old Republic International during the 3rd quarter worth about $835,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Up 0.3 %

ORI opened at $36.87 on Friday. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. The business has a 50-day moving average of $36.50 and a 200-day moving average of $35.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $9.35 billion, a PE ratio of 12.71 and a beta of 0.88.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 19.11% and a net margin of 11.48%. Equities research analysts forecast that Old Republic International Co. will post 2.73 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Investors 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 36.55%.

Analyst Ratings Changes

A number of brokerages have commented on ORI. Piper Sandler raised their price objective on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. StockNews.com raised Old Republic International from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 24th.

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.