Saxony Capital Management LLC Acquires Shares of 5,658 Old Republic International Co. (NYSE:ORI)

Saxony Capital Management LLC bought a new position in Old Republic International Co. (NYSE:ORI) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 5,658 shares of the insurance provider’s stock, valued at approximately $205,000.

A number of other large investors have also made changes to their positions in the stock. Allworth Financial LP lifted its position in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after buying an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Old Republic International in the 3rd quarter worth $28,000. V Square Quantitative Management LLC purchased a new position in shares of Old Republic International during the 3rd quarter worth $31,000. Synergy Asset Management LLC purchased a new position in shares of Old Republic International during the 4th quarter worth $39,000. Finally, Crews Bank & Trust acquired a new position in shares of Old Republic International during the 4th quarter valued at about $40,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ORI shares. Piper Sandler raised their price objective on shares of 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 upgraded shares of Old Republic International from a “buy” rating to a “strong-buy” rating in a report on Friday, January 24th.

Old Republic International Price Performance

NYSE:ORI opened at $36.87 on Friday. The company has a market capitalization of $9.35 billion, a P/E ratio of 14.02 and a beta of 0.88. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 52 week low of $27.19 and a 52 week high of $39.27. The stock’s fifty day moving average is $36.50 and its two-hundred day moving average is $35.54.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. Equities analysts expect that Old Republic International Co. will post 3.17 EPS for the current 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 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 currently 40.30%.

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.