Old Republic International Corporation $ORI Position Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in shares of Old Republic International Corporation (NYSE:ORI) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 651,189 shares of the insurance provider’s stock after purchasing an additional 16,945 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.26% of Old Republic International worth $28,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ORI. Ameritas Advisory Services LLC acquired a new position in Old Republic International in the 2nd quarter valued at approximately $34,000. Caldwell Trust Co boosted its position in shares of Old Republic International by 75.0% during the 3rd quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 450 shares in the last quarter. Headlands Technologies LLC bought a new stake in Old Republic International in the second quarter valued at about $46,000. SBI Securities Co. Ltd. raised its position in Old Republic International by 29.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 274 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in shares of Old Republic International by 37.1% in the 3rd quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 298 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Trading Up 0.2%

ORI opened at $43.12 on Wednesday. The firm has a 50 day simple moving average of $44.56 and a 200 day simple moving average of $41.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 14.42 and a beta of 0.76. Old Republic International Corporation has a fifty-two week low of $34.43 and a fifty-two week high of $46.76.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Friday, October 24th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.05. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%.The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.28 billion. On average, sell-side analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, January 2nd were paid a dividend of $2.50 per share. The ex-dividend date was Friday, January 2nd. Old Republic International’s dividend payout ratio (DPR) is currently 38.80%.

Insider Activity

In related news, Director Therace Risch purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $39.14 per share, for a total transaction of $39,140.00. Following the purchase, the director owned 10,625 shares in the company, valued at approximately $415,862.50. This represents a 10.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 6,680 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $44.54, for a total transaction of $297,527.20. Following the sale, the senior vice president owned 29,075 shares of the company’s stock, valued at $1,295,000.50. This trade represents a 18.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORI. Piper Sandler increased their price target on Old Republic International from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Weiss Ratings reiterated a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy” and a consensus price target of $49.00.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.