MBM Wealth Consultants LLC Grows Stake in Old Republic International Co. (NYSE:ORI)

MBM Wealth Consultants LLC increased its position in shares of Old Republic International Co. (NYSE:ORI) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,922 shares of the insurance provider’s stock after purchasing an additional 562 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Old Republic International were worth $357,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised its stake in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after buying an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Old Republic International during the 3rd quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in Old Republic International during the third quarter worth about $31,000. FSA Wealth Management LLC purchased a new stake in shares of Old Republic International in the third quarter valued at about $41,000. Finally, Huntington National Bank grew its position in shares of Old Republic International by 381.0% in the third quarter. Huntington National Bank now owns 1,289 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 1,021 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted 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.

Old Republic International Trading Up 0.4 %

Old Republic International stock opened at $36.18 on Wednesday. The stock has a 50-day moving average price of $36.65 and a 200 day moving average price of $35.28. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $39.27. The stock has a market cap of $9.17 billion, a PE ratio of 12.47 and a beta of 0.88. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is presently 36.55%.

Old Republic International Company 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.