First Citizens Bank & Trust Co. Grows Holdings in Old Republic International Co. (NYSE:ORI)

First Citizens Bank & Trust Co. boosted its holdings in shares of Old Republic International Co. (NYSE:ORI) by 16.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,450 shares of the insurance provider’s stock after purchasing an additional 1,182 shares during the period. First Citizens Bank & Trust Co.’s holdings in Old Republic International were worth $306,000 as of its most recent filing with the SEC.

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

Old Republic International Stock Down 1.4 %

Old Republic International stock opened at $36.69 on Wednesday. The stock’s 50 day moving average price is $36.52 and its 200 day moving average price is $35.53. The company has a market cap of $9.30 billion, a PE ratio of 12.65 and a beta of 0.88. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 11.48% and a return on equity of 19.11%. On average, sell-side analysts predict that Old Republic International Co. will post 2.73 EPS for the current fiscal year.

Old Republic International Announces Dividend

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

Wall Street Analyst Weigh In

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

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.