13,661 Shares in Old Republic International Corporation $ORI Acquired by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC acquired 13,661 shares of Old Republic International Corporation, valued at approximately $536,000, indicating growing institutional interest in the firm.
• Old Republic International recently posted quarterly earnings of $0.83 per share, surpassing analyst estimates, with a year-over-year revenue increase of 10.1%.
• The company declared a quarterly dividend of $0.29 per share, which will be paid on September 15th, reflecting a dividend yield of 2.9%.

Integrity Alliance LLC. purchased a new position in shares of Old Republic International Corporation (NYSE:ORI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,661 shares of the insurance provider's stock, valued at approximately $536,000.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in Old Republic International by 4.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 590,079 shares of the insurance provider's stock valued at $23,143,000 after buying an additional 23,775 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Old Republic International by 304.7% in the 1st quarter. Farther Finance Advisors LLC now owns 15,319 shares of the insurance provider's stock valued at $607,000 after buying an additional 11,534 shares during the last quarter. GAMMA Investing LLC boosted its position in Old Republic International by 4,738.8% in the 1st quarter. GAMMA Investing LLC now owns 216,730 shares of the insurance provider's stock valued at $8,500,000 after buying an additional 212,251 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Old Republic International by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider's stock valued at $114,453,000 after buying an additional 100,264 shares during the last quarter. Finally, Merit Financial Group LLC boosted its position in Old Republic International by 336.1% in the 1st quarter. Merit Financial Group LLC now owns 24,982 shares of the insurance provider's stock valued at $980,000 after buying an additional 19,254 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ORI has been the topic of a number of recent research reports. Wall Street Zen lowered Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Piper Sandler increased their price objective on Old Republic International from $41.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $43.50.

Insider Buying and Selling

In related news, EVP Stephen J. Oberst sold 4,797 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $39.29, for a total transaction of $188,474.13. Following the sale, the executive vice president owned 54,661 shares of the company's stock, valued at approximately $2,147,630.69. This trade represents a 8.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Therace Risch acquired 1,500 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were acquired at an average cost of $39.90 per share, for a total transaction of $59,850.00. Following the purchase, 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. 1.10% of the stock is currently owned by company insiders.

Old Republic International Stock Performance

ORI stock opened at $40.29 on Friday. The business's fifty day moving average is $38.11 and its 200-day moving average is $37.82. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26. The company has a market cap of $10.01 billion, a P/E ratio of 13.80 and a beta of 0.78. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $41.15.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.04. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The business's revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts forecast that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Old Republic International's dividend payout ratio (DPR) is presently 39.73%.

About Old Republic International

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.

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