Arkadios Wealth Advisors Invests $408,000 in Old Republic International Corporation (NYSE:ORI)

Key Points

• Arkadios Wealth Advisors purchased a new position in Old Republic International, acquiring 10,400 shares valued at approximately $408,000 in the first quarter.
• Old Republic International's stock increased by 1.8%, trading at $37.26, while its stock has a 52-week range between $33.00 and $39.84.
• Analysts have issued mixed ratings for Old Republic International, with Piper Sandler lowering their price target from $42.00 to $41.00, while Raymond James maintains a $42.00 target with an "outperform" rating.

Arkadios Wealth Advisors acquired a new position in shares of Old Republic International Corporation (NYSE:ORI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,400 shares of the insurance provider's stock, valued at approximately $408,000.

Several other institutional investors also recently modified their holdings of ORI. Northern Trust Corp boosted its stake in Old Republic International by 14.4% in the fourth quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider's stock worth $114,940,000 after purchasing an additional 400,384 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Old Republic International by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider's stock worth $114,453,000 after acquiring an additional 100,264 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Old Republic International by 26.4% during the fourth quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock worth $85,044,000 after acquiring an additional 490,788 shares during the period. AQR Capital Management LLC raised its holdings in shares of Old Republic International by 2.7% during the fourth quarter. AQR Capital Management LLC now owns 1,885,011 shares of the insurance provider's stock worth $68,219,000 after acquiring an additional 49,160 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Old Republic International by 0.6% during the fourth quarter. LSV Asset Management now owns 1,665,707 shares of the insurance provider's stock worth $60,282,000 after acquiring an additional 9,700 shares during the period. Institutional investors and hedge funds own 70.92% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ORI. Wall Street Zen downgraded Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Piper Sandler decreased their price objective on Old Republic International from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, July 25th. Finally, Raymond James Financial set a $42.00 price target on Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th.

Old Republic International Stock Performance

Shares of ORI traded up $0.26 during mid-day trading on Friday, reaching $37.35. The company's stock had a trading volume of 1,027,377 shares, compared to its average volume of 1,619,191. Old Republic International Corporation has a 1-year low of $33.00 and a 1-year high of $39.84. The stock has a market cap of $9.28 billion, a P/E ratio of 12.79 and a beta of 0.74. The business has a 50-day simple moving average of $37.13 and a two-hundred day simple moving average of $37.29. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.26.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. Old Republic International's revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is presently 39.73%.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 6,849 shares of Old Republic International stock in a transaction 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 transaction, the senior vice president directly owned 35,755 shares of the company's stock, valued at $1,305,772.60. The trade was a 16.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company's stock.

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.