Measured Wealth Private Client Group LLC Reduces Stock Position in Old Republic International Co. (NYSE:ORI)

Measured Wealth Private Client Group LLC lowered its position in shares of Old Republic International Co. (NYSE:ORI) by 75.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,158 shares of the insurance provider’s stock after selling 24,683 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Old Republic International were worth $251,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ORI. BKM Wealth Management LLC acquired a new stake in Old Republic International in the 4th quarter valued at about $29,000. Naples Money Management LLC acquired a new position in shares of Old Republic International during the 4th quarter worth approximately $34,000. GAMMA Investing LLC purchased a new stake in Old Republic International in the 4th quarter valued at approximately $34,000. Global Retirement Partners LLC lifted its holdings in shares of Old Republic International by 526.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 1,110 shares during the period. Finally, Quarry LP acquired a new stake in shares of Old Republic International in the fourth quarter worth approximately $39,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Trading Up 0.5 %

NYSE:ORI opened at $30.66 on Wednesday. Old Republic International Co. has a one year low of $24.75 and a one year high of $32.26. The business’s 50-day simple moving average is $30.85 and its 200 day simple moving average is $29.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 11.93 and a beta of 0.83.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. As a group, sell-side analysts predict that Old Republic International Co. will post 2.73 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.265 per share. The ex-dividend date was Tuesday, June 4th. This represents a $1.06 annualized dividend and a dividend yield of 3.46%. Old Republic International’s payout ratio is 41.25%.

Analysts Set New Price Targets

ORI has been the topic of several research reports. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler lifted their price objective on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 1st.

Insider Buying and Selling

In other news, SVP Carolyn Monroe sold 4,503 shares of Old Republic International stock in a transaction that occurred on 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 owns 33,556 shares in the company, valued at approximately $1,049,631.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Thomas Dare sold 1,292 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $30.95, for a total transaction of $39,987.40. Following the completion of the transaction, the vice president now owns 47,764 shares of the company’s stock, valued at $1,478,295.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 4,503 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $31.28, for a total transaction of $140,853.84. Following the completion of the sale, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,049,631.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,172 shares of company stock worth $282,286. Corporate insiders own 0.78% of the company’s stock.

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.