Newbridge Financial Services Group Inc. Takes $203,000 Position in Old Republic International Co. (NYSE:ORI)

Newbridge Financial Services Group Inc. acquired a new position in Old Republic International Co. (NYSE:ORI) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,613 shares of the insurance provider’s stock, valued at approximately $203,000.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Old Republic International by 36.4% during the third quarter. GAMMA Investing LLC now owns 3,818 shares of the insurance provider’s stock valued at $135,000 after buying an additional 1,019 shares during the period. Dynamic Advisor Solutions LLC purchased a new position in Old Republic International during the 3rd quarter valued at about $202,000. Atomi Financial Group Inc. raised its holdings in shares of Old Republic International by 12.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 7,412 shares of the insurance provider’s stock valued at $263,000 after purchasing an additional 812 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of Old Republic International in the 3rd quarter worth approximately $239,000. Finally, Inspire Investing LLC boosted its stake in shares of Old Republic International by 8.8% during the third quarter. Inspire Investing LLC now owns 61,243 shares of the insurance provider’s stock valued at $2,169,000 after purchasing an additional 4,963 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Piper Sandler boosted 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 note on Monday, October 21st. StockNews.com lowered Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st.

Old Republic International Stock Down 0.5 %

NYSE:ORI opened at $36.57 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The stock has a market capitalization of $9.27 billion, a P/E ratio of 13.90 and a beta of 0.88. The company’s 50-day simple moving average is $36.18 and its 200-day simple moving average is $35.75. Old Republic International Co. has a fifty-two week low of $27.19 and a fifty-two week high of $39.27.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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%. On average, equities analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently announced 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 dividend payout ratio is currently 40.30%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.