Centennial Wealth Advisory LLC Purchases Shares of 12,810 Old Republic International Corporation $ORI

Key Points

• Centennial Wealth Advisory LLC acquired 12,810 shares of Old Republic International Corporation, valued at approximately $492,000, during the second quarter.
• Several analysts have lifted their price targets for Old Republic International, with Piper Sandler increasing it from $41 to $45 and Raymond James raising it from $43 to $47, maintaining a positive outlook on the stock.
• Old Republic International recently paid a quarterly dividend of $0.29, reflecting a 2.8% dividend yield with a payout ratio of 39.73%.

Centennial Wealth Advisory LLC purchased a new stake in Old Republic International Corporation (NYSE:ORI - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,810 shares of the insurance provider's stock, valued at approximately $492,000.

A number of other hedge funds also recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its stake in Old Republic International by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider's stock worth $3,532,000 after purchasing an additional 300 shares during the last quarter. Uncommon Cents Investing LLC increased its holdings in shares of Old Republic International by 4.6% in the second quarter. Uncommon Cents Investing LLC now owns 78,984 shares of the insurance provider's stock valued at $3,036,000 after purchasing an additional 3,475 shares during the period. Signaturefd LLC increased its holdings in shares of Old Republic International by 6.5% in the second quarter. Signaturefd LLC now owns 5,735 shares of the insurance provider's stock valued at $220,000 after purchasing an additional 352 shares during the period. American National Bank & Trust acquired a new position in shares of Old Republic International in the second quarter valued at approximately $961,000. Finally, North Star Investment Management Corp. increased its holdings in shares of Old Republic International by 0.3% in the second quarter. North Star Investment Management Corp. now owns 777,630 shares of the insurance provider's stock valued at $29,892,000 after purchasing an additional 2,150 shares during the period. Institutional investors and hedge funds own 70.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ORI shares. Piper Sandler lifted their price target on Old Republic International from $41.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Raymond James Financial upgraded Old Republic International from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $43.00 to $47.00 in a research note on Monday, September 22nd. Finally, Wall Street Zen downgraded Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat, Old Republic International has an average rating of "Strong Buy" and an average target price of $46.00.

Insider Activity

In other Old Republic International news, Director Therace Risch bought 1,500 shares of the company's 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 completion of the purchase, the director owned 9,625 shares of the company's stock, valued at $384,037.50. This trade represents a 18.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen J. Oberst sold 4,797 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total value of $188,474.13. Following the completion of the transaction, the executive vice president owned 54,661 shares of the company's stock, valued at $2,147,630.69. The trade was a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Old Republic International Stock Down 0.5%

Shares of NYSE:ORI opened at $41.77 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26. Old Republic International Corporation has a 52-week low of $33.00 and a 52-week high of $42.03. The stock's fifty day simple moving average is $38.92 and its 200-day simple moving average is $38.07. The company has a market capitalization of $10.38 billion, a P/E ratio of 14.30 and a beta of 0.78.

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

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, September 5th. Old Republic International's dividend payout ratio is currently 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.

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