Evolution Advisers Inc. Has $285,000 Stake in Old Republic International Co. (NYSE:ORI)

Evolution Advisers Inc. trimmed its position in shares of Old Republic International Co. (NYSE:ORI) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,671 shares of the insurance provider’s stock after selling 1,038 shares during the period. Evolution Advisers Inc.’s holdings in Old Republic International were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Avantax Planning Partners Inc. boosted its position in shares of Old Republic International by 5.0% in the third quarter. Avantax Planning Partners Inc. now owns 9,688 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 463 shares during the period. MBM Wealth Consultants LLC boosted its position in shares of Old Republic International by 4.8% in the third quarter. MBM Wealth Consultants LLC now owns 10,280 shares of the insurance provider’s stock valued at $277,000 after acquiring an additional 467 shares during the period. Fifth Third Bancorp boosted its position in shares of Old Republic International by 26.6% in the third quarter. Fifth Third Bancorp now owns 2,277 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 479 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Old Republic International by 13.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,210 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 500 shares during the period. Finally, Moors & Cabot Inc. lifted its position in Old Republic International by 2.4% during the third quarter. Moors & Cabot Inc. now owns 21,030 shares of the insurance provider’s stock worth $567,000 after purchasing an additional 500 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ORI shares. Piper Sandler upped their price objective on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. StockNews.com cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

Insider Activity

In other news, SVP Carolyn Monroe sold 6,528 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the transaction, the senior vice president now owns 35,340 shares of the company’s stock, valued at $979,271.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $27.71, for a total transaction of $180,890.88. Following the completion of the sale, the senior vice president now owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara Adachi bought 1,925 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were purchased at an average cost of $28.60 per share, with a total value of $55,055.00. Following the transaction, the director now directly owns 7,845 shares in the company, valued at approximately $224,367. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

Old Republic International Price Performance

NYSE ORI traded down $0.28 during trading on Thursday, hitting $30.02. 3,554,796 shares of the company’s stock were exchanged, compared to its average volume of 1,730,845. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.25. The company has a market cap of $8.27 billion, a PE ratio of 14.30 and a beta of 0.81. Old Republic International Co. has a fifty-two week low of $24.03 and a fifty-two week high of $31.22. The stock’s 50 day moving average price is $29.55 and its two-hundred day moving average price is $28.88.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 25th. The insurance provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.03). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. Research analysts expect that Old Republic International Co. will post 2.7 EPS for the current year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Monday, March 11th were paid a $0.265 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.06 annualized dividend and a dividend yield of 3.53%. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s dividend payout ratio is currently 50.48%.

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.