Insight Wealth Strategies LLC Has $3.51 Million Stake in Old Republic International Corporation $ORI

Insight Wealth Strategies LLC increased its position in Old Republic International Corporation (NYSE:ORI) by 23.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,627 shares of the insurance provider’s stock after purchasing an additional 16,203 shares during the period. Insight Wealth Strategies LLC’s holdings in Old Republic International were worth $3,512,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fiduciary Financial Group LLC increased its stake in Old Republic International by 7.1% during the 2nd quarter. Fiduciary Financial Group LLC now owns 8,355 shares of the insurance provider’s stock valued at $342,000 after purchasing an additional 551 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Old Republic International by 1.8% during the second quarter. Handelsbanken Fonder AB now owns 60,871 shares of the insurance provider’s stock worth $2,491,000 after buying an additional 1,100 shares during the last quarter. Harrell Investment Partners LLC lifted its stake in shares of Old Republic International by 16.1% in the second quarter. Harrell Investment Partners LLC now owns 27,123 shares of the insurance provider’s stock valued at $1,110,000 after buying an additional 3,756 shares in the last quarter. Bill Few Associates Inc. lifted its stake in shares of Old Republic International by 32.7% in the second quarter. Bill Few Associates Inc. now owns 8,291 shares of the insurance provider’s stock valued at $339,000 after buying an additional 2,043 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Old Republic International by 1.1% during the first quarter. Pacer Advisors Inc. now owns 27,033 shares of the insurance provider’s stock valued at $1,079,000 after buying an additional 293 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Trading Up 0.0%

NYSE ORI opened at $42.48 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $40.98 and a 200 day simple moving average of $40.56. Old Republic International Corporation has a 12 month low of $36.65 and a 12 month high of $46.76. The firm has a market capitalization of $10.26 billion, a P/E ratio of 10.04 and a beta of 0.58.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. Old Republic International’s revenue was up 5.2% compared to the same quarter last year. On average, analysts predict that Old Republic International Corporation will post 2.91 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, June 5th. Old Republic International’s dividend payout ratio (DPR) is presently 29.79%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ORI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Old Republic International in a research report on Wednesday, July 8th. Raymond James Financial set a $44.00 price target on shares of Old Republic International in a research report on Monday, April 27th. Piper Sandler cut their price target on Old Republic International from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Finally, Zacks Research raised Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Old Republic International currently has an average rating of “Moderate Buy” and a consensus price target of $41.50.

Insider Activity

In related news, SVP Jeffrey Lange sold 14,075 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $43.76, for a total transaction of $615,922.00. Following the transaction, the senior vice president directly owned 12,244 shares in the company, valued at approximately $535,797.44. The trade was a 53.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen J. Oberst sold 13,125 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $43.96, for a total transaction of $576,975.00. Following the completion of the sale, the executive vice president directly owned 82,205 shares of the company’s stock, valued at $3,613,731.80. The trade was a 13.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is currently owned by insiders.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.