Measured Wealth Private Client Group LLC Has $126,000 Stake in Old Republic International Corporation $ORI

Measured Wealth Private Client Group LLC reduced its stake in Old Republic International Corporation (NYSE:ORIFree Report) by 86.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,160 shares of the insurance provider’s stock after selling 20,267 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Old Republic International were worth $126,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB raised its holdings in Old Republic International by 28.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 222 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Old Republic International by 5.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 5,421 shares of the insurance provider’s stock worth $247,000 after purchasing an additional 257 shares in the last quarter. waypoint wealth counsel grew its holdings in shares of Old Republic International by 3.3% during the 4th quarter. waypoint wealth counsel now owns 8,402 shares of the insurance provider’s stock worth $383,000 after purchasing an additional 265 shares in the last quarter. Mainsail Asset Management LLC grew its holdings in shares of Old Republic International by 5.9% during the 4th quarter. Mainsail Asset Management LLC now owns 5,389 shares of the insurance provider’s stock worth $246,000 after purchasing an additional 300 shares in the last quarter. Finally, Quest Investment Management LLC increased its position in shares of Old Republic International by 1.0% in the third quarter. Quest Investment Management LLC now owns 32,091 shares of the insurance provider’s stock worth $1,363,000 after purchasing an additional 303 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Trending Headlines about Old Republic International

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Analyst Ratings Changes

ORI has been the subject of a number of analyst reports. Raymond James Financial set a $44.00 price target on Old Republic International in a research note on Monday, April 27th. Piper Sandler increased their price objective on shares of Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Zacks Research raised shares of Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Old Republic International in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Check Out Our Latest Research Report on ORI

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 13,330 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $38.76, for a total transaction of $516,670.80. Following the completion of the transaction, the senior vice president owned 32,261 shares of the company’s stock, valued at approximately $1,250,436.36. The trade was a 29.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.32% of the company’s stock.

Old Republic International Trading Down 0.7%

Shares of ORI opened at $41.30 on Friday. Old Republic International Corporation has a 52-week low of $35.60 and a 52-week high of $46.76. The business’s fifty day moving average is $39.81 and its 200-day moving average is $40.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 11.07 and a beta of 0.58.

Old Republic International (NYSE:ORIGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the firm posted $0.81 EPS. Old Republic International’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, June 5th. Old Republic International’s payout ratio is currently 33.78%.

Old Republic International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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