Janney Montgomery Scott LLC Has $3.53 Million Stake in Old Republic International Corporation $ORI

Janney Montgomery Scott LLC increased its stake in shares of Old Republic International Corporation (NYSE:ORI) by 0.3% during the second quarter, HoldingsChannel reports. The fund owned 91,880 shares of the insurance provider’s stock after buying an additional 300 shares during the period. Janney Montgomery Scott LLC’s holdings in Old Republic International were worth $3,532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORI. HWG Holdings LP acquired a new stake in shares of Old Republic International during the first quarter worth $25,000. Quarry LP grew its position in Old Republic International by 6,645.5% in the first quarter. Quarry LP now owns 742 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 731 shares in the last quarter. 1 North Wealth Services LLC bought a new position in Old Republic International in the first quarter valued at $29,000. Alpine Bank Wealth Management bought a new position in Old Republic International in the first quarter valued at $31,000. Finally, Wayfinding Financial LLC bought a new position in Old Republic International in the first quarter valued at $34,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Performance

Shares of ORI opened at $43.31 on Thursday. The firm has a 50-day moving average of $39.88 and a 200-day moving average of $38.33. Old Republic International Corporation has a one year low of $33.00 and a one year high of $44.00. The company has a market cap of $10.76 billion, a PE ratio of 14.83 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, September 5th. Old Republic International’s dividend payout ratio (DPR) is currently 39.73%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Piper Sandler raised their target price on shares of Old Republic International from $45.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday. Finally, Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $43.00 to $47.00 in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of $47.00.

Insider Transactions at Old Republic International

In other news, EVP Stephen J. Oberst sold 4,797 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the completion of the sale, the executive vice president owned 54,661 shares in the company, valued at approximately $2,147,630.69. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Carolyn Monroe sold 6,849 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $36.52, for a total transaction of $250,125.48. Following the sale, the senior vice president owned 35,755 shares of the company’s stock, valued at approximately $1,305,772.60. This represents a 16.08% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

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.