Old Republic International Corporation $ORI Position Increased by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its position in shares of Old Republic International Corporation (NYSE:ORI) by 220.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,288 shares of the insurance provider’s stock after buying an additional 22,888 shares during the quarter. Arkadios Wealth Advisors’ holdings in Old Republic International were worth $1,280,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. 1 North Wealth Services LLC purchased a new stake in Old Republic International during the first quarter valued at about $29,000. Quarry LP lifted its stake in Old Republic International by 6,645.5% during the first quarter. Quarry LP now owns 742 shares of the insurance provider’s stock valued at $29,000 after buying an additional 731 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Old Republic International during the first quarter valued at about $35,000. Wayfinding Financial LLC purchased a new stake in Old Republic International during the first quarter valued at about $34,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Old Republic International during the second quarter valued at about $34,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Old Republic International

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORI. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $43.00 to $47.00 in a research note on Monday, September 22nd. Piper Sandler reduced their price target on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Wall Street Zen lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average target price of $46.50.

Old Republic International Price Performance

Shares of ORI opened at $39.47 on Friday. The firm has a market cap of $9.81 billion, a PE ratio of 13.20 and a beta of 0.76. The firm’s 50 day moving average price is $41.04 and its 200 day moving average price is $38.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.64. 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 issued its quarterly earnings data on Thursday, October 23rd. The insurance provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.38. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.28 billion. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. As a group, research analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, September 5th. Old Republic International’s dividend payout ratio (DPR) is presently 38.80%.

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.