Applied Capital LLC FL Has $1.40 Million Position in Old Republic International Corporation $ORI

Applied Capital LLC FL grew its holdings in Old Republic International Corporation (NYSE:ORI) by 9.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,344 shares of the insurance provider’s stock after purchasing an additional 3,041 shares during the quarter. Applied Capital LLC FL’s holdings in Old Republic International were worth $1,397,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ORI. Wealth Enhancement Advisory Services LLC increased its stake in shares of Old Republic International by 4.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 590,079 shares of the insurance provider’s stock valued at $23,143,000 after buying an additional 23,775 shares during the period. Farther Finance Advisors LLC increased its position in Old Republic International by 304.7% in the first quarter. Farther Finance Advisors LLC now owns 15,319 shares of the insurance provider’s stock worth $607,000 after purchasing an additional 11,534 shares during the period. Bank of New York Mellon Corp increased its position in Old Republic International by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider’s stock worth $114,453,000 after purchasing an additional 100,264 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Old Republic International by 28.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 304,140 shares of the insurance provider’s stock worth $11,928,000 after purchasing an additional 67,971 shares during the period. Finally, Wealthstar Advisors LLC acquired a new stake in Old Republic International in the first quarter worth about $327,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ORI. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $43.00 to $47.00 in a research report on Monday, September 22nd. Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday. Wall Street Zen downgraded Old Republic International from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, Piper Sandler increased their price target on Old Republic International from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus price target of $47.00.

Insider Buying and Selling

In related news, EVP Stephen J. Oberst sold 4,797 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the completion of the transaction, the executive vice president owned 54,661 shares in the company, valued at approximately $2,147,630.69. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Therace Risch bought 1,500 shares of Old Republic International stock in a transaction that occurred on Tuesday, September 2nd. The shares were acquired at an average price of $39.90 per share, with a total value of $59,850.00. Following the acquisition, the director directly owned 9,625 shares of the company’s stock, valued at $384,037.50. The trade was a 18.46% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by company insiders.

Old Republic International Stock Performance

Shares of Old Republic International stock opened at $43.16 on Friday. The company has a market capitalization of $10.72 billion, a PE ratio of 14.78 and a beta of 0.76. Old Republic International Corporation has a 12 month low of $33.00 and a 12 month high of $44.00. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $40.16 and its 200 day simple moving average is $38.39.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. The firm’s revenue was up 10.1% on a year-over-year basis. On average, research analysts predict that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, September 5th. Old Republic International’s dividend payout ratio (DPR) is presently 39.73%.

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.