Old Republic International Corporation $ORI Position Boosted by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC raised its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,996 shares of the insurance provider’s stock after acquiring an additional 374 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Old Republic International were worth $423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 1 North Wealth Services LLC purchased a new position in Old Republic International during the 1st quarter valued at about $29,000. Quarry LP grew its stake in Old Republic International by 6,645.5% during the 1st quarter. Quarry LP now owns 742 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 731 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in Old Republic International during the 1st quarter valued at about $31,000. N.E.W. Advisory Services LLC purchased a new position in Old Republic International during the 1st quarter valued at about $35,000. Finally, Wayfinding Financial LLC purchased a new position in Old Republic International during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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

Old Republic International Stock Down 0.0%

ORI opened at $41.96 on Thursday. The business has a 50 day moving average price of $40.94 and a 200 day moving average price of $38.58. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $10.43 billion, a P/E ratio of 14.37 and a beta of 0.76.

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. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Research analysts forecast that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, September 5th. Old Republic International’s 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.