Mutual Advisors LLC Sells 950 Shares of Old Republic International Corporation $ORI

Mutual Advisors LLC reduced its position in shares of Old Republic International Corporation (NYSE:ORI) by 11.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,242 shares of the insurance provider’s stock after selling 950 shares during the period. Mutual Advisors LLC’s holdings in Old Republic International were worth $260,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Martingale Asset Management L P lifted its position in shares of Old Republic International by 3.4% during the first quarter. Martingale Asset Management L P now owns 8,241 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 269 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Old Republic International by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider’s stock valued at $3,532,000 after purchasing an additional 300 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Old Republic International by 3.6% during the first quarter. Atria Wealth Solutions Inc. now owns 9,047 shares of the insurance provider’s stock valued at $355,000 after purchasing an additional 314 shares in the last quarter. Signet Financial Management LLC lifted its position in shares of Old Republic International by 3.0% during the second quarter. Signet Financial Management LLC now owns 11,135 shares of the insurance provider’s stock valued at $428,000 after purchasing an additional 320 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in Old Republic International by 1.8% in the first quarter. Venturi Wealth Management LLC now owns 19,055 shares of the insurance provider’s stock worth $747,000 after acquiring an additional 340 shares during the period. 70.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ORI has been the topic of several research reports. Raymond James Financial raised shares of 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. Piper Sandler lifted their price objective on shares of Old Republic International from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Strong Buy” and an average price target of $47.00.

Insider Activity at Old Republic International

In other news, Director Therace Risch acquired 1,500 shares of Old Republic International stock in a transaction that occurred on Tuesday, September 2nd. The stock was bought at an average price of $39.90 per share, with a total value of $59,850.00. Following the completion of the purchase, the director owned 9,625 shares in the company, valued at approximately $384,037.50. The trade was a 18.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Carolyn Monroe sold 6,849 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $36.52, for a total transaction of $250,125.48. Following the transaction, the senior vice president directly owned 35,755 shares of the company’s stock, valued at approximately $1,305,772.60. This represents a 16.08% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Old Republic International Price Performance

ORI opened at $42.02 on Wednesday. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 14.39 and a beta of 0.76. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $40.87 and a 200-day moving average price of $38.55. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $44.00.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. The company’s revenue was up 10.1% compared to the same quarter last year. Equities analysts expect that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.16 annualized dividend and a yield of 2.8%. Old Republic International’s payout ratio is currently 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.