Old Republic International Co. (NYSE:ORI) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Old Republic International Co. (NYSE:ORI) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 568,458 shares of the insurance provider’s stock after selling 7,807 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.21% of Old Republic International worth $17,463,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kovitz Investment Group Partners LLC boosted its stake in Old Republic International by 5.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 8,424 shares of the insurance provider’s stock worth $248,000 after purchasing an additional 465 shares during the last quarter. Blue Trust Inc. boosted its stake in Old Republic International by 62.7% during the 4th quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 526 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Old Republic International by 1.5% during the 3rd quarter. Federated Hermes Inc. now owns 37,524 shares of the insurance provider’s stock worth $1,011,000 after acquiring an additional 537 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of Old Republic International by 3.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 18,710 shares of the insurance provider’s stock worth $550,000 after acquiring an additional 543 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Old Republic International by 4.1% during the 4th quarter. Parallel Advisors LLC now owns 19,881 shares of the insurance provider’s stock worth $585,000 after acquiring an additional 780 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 4,503 shares of Old Republic International stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $31.28, for a total value of $140,853.84. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,049,631.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Old Republic International news, SVP Carolyn Monroe sold 4,503 shares of Old Republic International stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $31.28, for a total value of $140,853.84. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,049,631.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Therace Risch bought 6,086 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was purchased at an average cost of $29.77 per share, with a total value of $181,180.22. Following the completion of the transaction, the director now owns 6,086 shares in the company, valued at $181,180.22. The disclosure for this purchase can be found here. Insiders sold a total of 9,172 shares of company stock valued at $282,286 in the last three months. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Piper Sandler lifted their price target on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 1st.

Old Republic International Stock Up 0.2 %

Shares of ORI opened at $30.89 on Friday. The firm has a market cap of $8.40 billion, a P/E ratio of 12.02 and a beta of 0.83. Old Republic International Co. has a 12-month low of $24.75 and a 12-month high of $32.26. The company’s 50-day moving average price is $30.84 and its 200 day moving average price is $29.80. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. On average, sell-side analysts forecast that Old Republic International Co. will post 2.73 earnings per share for the current year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, June 4th were issued a $0.265 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.06 annualized dividend and a yield of 3.43%. Old Republic International’s dividend payout ratio (DPR) is currently 41.25%.

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.