Cwm LLC Boosts Stock Position in Old Republic International Corporation $ORI

Cwm LLC grew its stake in shares of Old Republic International Corporation (NYSE:ORI) by 99.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,979 shares of the insurance provider’s stock after buying an additional 46,442 shares during the period. Cwm LLC’s holdings in Old Republic International were worth $3,574,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC lifted its position in shares of Old Republic International by 3.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 77,051 shares of the insurance provider’s stock valued at $2,964,000 after buying an additional 2,773 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Old Republic International during the 2nd quarter valued at about $60,000. Applied Capital LLC FL lifted its position in shares of Old Republic International by 9.1% during the 2nd quarter. Applied Capital LLC FL now owns 36,344 shares of the insurance provider’s stock valued at $1,397,000 after buying an additional 3,041 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its position in shares of Old Republic International by 5.2% during the 2nd quarter. Cyndeo Wealth Partners LLC now owns 215,603 shares of the insurance provider’s stock valued at $8,288,000 after buying an additional 10,568 shares in the last quarter. Finally, Wealthstar Advisors LLC lifted its holdings in Old Republic International by 83.8% in the 2nd quarter. Wealthstar Advisors LLC now owns 15,340 shares of the insurance provider’s stock worth $590,000 after purchasing an additional 6,996 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Old Republic International

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

Analyst Ratings Changes

ORI has been the topic of a number of research analyst reports. Wall Street Zen cut Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a report on Wednesday, October 8th. Piper Sandler boosted their price target on Old Republic International from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $43.00 to $47.00 in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Old Republic International has a consensus rating of “Strong Buy” and an average price target of $47.00.

Old Republic International Stock Down 4.4%

Shares of ORI opened at $40.91 on Friday. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 14.01 and a beta of 0.76. Old Republic International Corporation has a 1 year low of $33.00 and a 1 year high of $44.00. The business’s 50 day simple moving average is $40.62 and its 200-day simple moving average is $38.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25.

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

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, September 5th. Old Republic International’s dividend payout ratio is 39.73%.

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.