Sequoia Financial Advisors LLC Has $578,000 Holdings in Old Republic International Corporation $ORI

Sequoia Financial Advisors LLC lowered its stake in shares of Old Republic International Corporation (NYSE:ORI) by 55.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 14,488 shares of the insurance provider’s stock after selling 18,038 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Old Republic International were worth $578,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ORI. V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International during the 4th quarter worth approximately $26,000. Torren Management LLC acquired a new position in Old Republic International in the 4th quarter worth about $27,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Old Republic International in the fourth quarter valued at approximately $27,000. JPL Wealth Management LLC acquired a new position in Old Republic International in the 3rd quarter valued at approximately $27,000. Finally, Quest 10 Wealth Builders Inc. acquired a new stake in Old Republic International in the fourth quarter valued at $31,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ORI. Raymond James Financial set a $44.00 price target on shares of Old Republic International in a report on Monday, April 27th. Zacks Research raised Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Piper Sandler raised their price objective on shares of Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old Republic International in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.00.

Old Republic International Stock Down 0.1%

ORI opened at $42.21 on Tuesday. The company’s 50-day moving average price is $39.65 and its two-hundred day moving average price is $40.60. Old Republic International Corporation has a twelve month low of $35.60 and a twelve month high of $46.76. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 11.32 and a beta of 0.58. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 earnings per share. As a group, equities analysts expect that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a $0.315 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.26 annualized dividend and a yield of 3.0%. Old Republic International’s dividend payout ratio (DPR) is 33.78%.

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 13,330 shares of Old Republic International stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the transaction, the senior vice president directly owned 32,261 shares in the company, valued at approximately $1,250,436.36. The trade was a 29.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is owned by insiders.

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. 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.