Klein Pavlis & Peasley Financial Inc. Has $780,000 Holdings in Old Republic International Co. (NYSE:ORI)

Klein Pavlis & Peasley Financial Inc. cut its stake in shares of Old Republic International Co. (NYSE:ORI) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,008 shares of the insurance provider’s stock after selling 560 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Old Republic International were worth $780,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ORI. Allworth Financial LP grew its stake in shares of 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 purchasing an additional 450 shares during the period. Versant Capital Management Inc lifted its holdings in Old Republic International by 555.6% during the second quarter. Versant Capital Management Inc now owns 885 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 750 shares in the last quarter. Mather Group LLC. lifted its holdings in Old Republic International by 201.0% during the second quarter. Mather Group LLC. now owns 894 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 597 shares in the last quarter. Innealta Capital LLC bought a new position in Old Republic International during the second quarter worth about $30,000. Finally, V Square Quantitative Management LLC bought a new position in Old Republic International during the third quarter worth about $31,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their target price on 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 Stock Performance

ORI stock opened at $34.40 on Monday. The firm has a market cap of $9.35 billion, a PE ratio of 13.39 and a beta of 0.84. The business’s 50-day moving average price is $35.36 and its two-hundred day moving average price is $32.75. Old Republic International Co. has a 1-year low of $26.81 and a 1-year high of $36.50. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.33.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. During the same period in the previous year, the company posted $0.62 earnings per share. As a group, research analysts forecast that Old Republic International Co. will post 2.83 earnings per share for the current year.

Old Republic International Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were issued a $1.06 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International’s dividend payout ratio (DPR) is 41.25%.

Old Republic International 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.