Measured Wealth Private Client Group LLC Sells 20,267 Shares of Old Republic International Corporation $ORI

Measured Wealth Private Client Group LLC reduced its position in Old Republic International Corporation (NYSE:ORIFree Report) by 86.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,160 shares of the insurance provider’s stock after selling 20,267 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Old Republic International were worth $126,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Old Republic International by 30.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock valued at $477,000 after buying an additional 2,867 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Old Republic International by 121.9% during the 1st quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock worth $944,000 after acquiring an additional 13,224 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Old Republic International by 122.1% during the 1st quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock worth $178,000 after acquiring an additional 2,493 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Old Republic International by 10.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock worth $62,480,000 after acquiring an additional 148,891 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in shares of Old Republic International by 31.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 2,028 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 13,330 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the sale, the senior vice president owned 32,261 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.32% of the company’s stock.

Old Republic International Price Performance

Old Republic International stock opened at $41.30 on Friday. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 11.07 and a beta of 0.58. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a 12 month low of $35.60 and a 12 month high of $46.76. The stock’s 50 day moving average is $39.81 and its 200-day moving average is $40.53.

Old Republic International (NYSE:ORIGet Free Report) last released its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.38 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. Equities research analysts expect that Old Republic International Corporation will post 2.95 EPS for the current year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a dividend of $0.315 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.1%. Old Republic International’s dividend payout ratio (DPR) is currently 33.78%.

Old Republic International News Summary

Here are the key news stories impacting Old Republic International this week:

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on ORI

Old Republic International Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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