Avidian Wealth Enterprises LLC Trims Stock Holdings in Old Republic International Co. (NYSE:ORI)

Avidian Wealth Enterprises LLC decreased its stake in Old Republic International Co. (NYSE:ORI) by 19.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,480 shares of the insurance provider’s stock after selling 2,581 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Old Republic International were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP increased its position in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after buying an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Old Republic International in the third quarter worth about $28,000. V Square Quantitative Management LLC purchased a new stake in Old Republic International in the third quarter worth about $31,000. Core Alternative Capital purchased a new stake in Old Republic International in the fourth quarter worth about $36,000. Finally, Synergy Asset Management LLC purchased a new stake in Old Republic International in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ORI. Piper Sandler upped their price target on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. StockNews.com cut Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st.

Insider Activity at Old Republic International

In related news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Old Republic International Stock Performance

NYSE:ORI opened at $36.51 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 12-month low of $28.20 and a 12-month high of $39.27. The stock has a 50-day moving average price of $36.04 and a 200 day moving average price of $35.82. The stock has a market capitalization of $9.26 billion, a P/E ratio of 13.88 and a beta of 0.88.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. Equities research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s payout ratio is presently 40.30%.

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.