Insight Wealth Strategies LLC Buys 16,203 Shares of Old Republic International Corporation $ORI

Insight Wealth Strategies LLC boosted its stake in shares of Old Republic International Corporation (NYSE:ORI) by 23.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,627 shares of the insurance provider’s stock after buying an additional 16,203 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Old Republic International were worth $3,512,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB raised its position in shares of Old Republic International by 28.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 222 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in shares of Old Republic International by 5.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 5,421 shares of the insurance provider’s stock worth $247,000 after acquiring an additional 257 shares during the period. waypoint wealth counsel boosted its holdings in Old Republic International by 3.3% in the fourth quarter. waypoint wealth counsel now owns 8,402 shares of the insurance provider’s stock valued at $383,000 after acquiring an additional 265 shares during the last quarter. Waverly Advisors LLC boosted its holdings in Old Republic International by 2.3% in the first quarter. Waverly Advisors LLC now owns 12,760 shares of the insurance provider’s stock valued at $509,000 after acquiring an additional 288 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Old Republic International by 1.1% during the 1st quarter. Pacer Advisors Inc. now owns 27,033 shares of the insurance provider’s stock valued at $1,079,000 after purchasing an additional 293 shares during the period. Institutional investors own 70.92% of the company’s stock.

Insider Activity at Old Republic International

In other news, SVP Jeffrey Lange sold 14,075 shares of Old Republic International stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $43.76, for a total value of $615,922.00. Following the completion of the sale, the senior vice president owned 12,244 shares in the company, valued at $535,797.44. The trade was a 53.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen J. Oberst sold 13,125 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $43.96, for a total transaction of $576,975.00. Following the transaction, the executive vice president owned 82,205 shares in the company, valued at $3,613,731.80. The trade was a 13.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.32% of the company’s stock.

Old Republic International Stock Up 0.0%

Shares of Old Republic International stock opened at $42.48 on Wednesday. Old Republic International Corporation has a one year low of $36.65 and a one year high of $46.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.30 and a quick ratio of 0.30. The stock’s 50-day moving average is $40.98 and its 200 day moving average is $40.56. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 10.04 and a beta of 0.58.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Equities research analysts anticipate that Old Republic International Corporation will post 2.91 EPS for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.26 annualized dividend and a dividend yield of 3.0%. Old Republic International’s dividend payout ratio (DPR) is 29.79%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Zacks Research upgraded shares of Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Piper Sandler reduced their price objective on shares of Old Republic International from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Old Republic International in a research report on Wednesday, July 8th. Finally, Raymond James Financial set a $44.00 target price on shares of Old Republic International in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.50.

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.