Cetera Investment Advisers Boosts Stock Holdings in Old Republic International Corporation (NYSE:ORI)

Key Points

• Cetera Investment Advisers increased its holdings in Old Republic International Corporation by 21.7%, owning 125,496 shares valued at approximately $4.9 million.
• Institutional ownership of Old Republic International has reached 70.92%, with notable increases from several advisors, including GAMMA Investing LLC raising its stake by 4,738.8%.
• Old Republic International reported earnings of $0.83 per share for the last quarter, surpassing analysts' expectations and showing a 10.1% increase in revenue year-over-year.

Cetera Investment Advisers boosted its position in Old Republic International Corporation (NYSE:ORI - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 125,496 shares of the insurance provider's stock after purchasing an additional 22,371 shares during the period. Cetera Investment Advisers owned about 0.05% of Old Republic International worth $4,922,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Old Republic International by 4.2% during 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 acquiring an additional 23,775 shares during the period. Farther Finance Advisors LLC raised its holdings in Old Republic International by 304.7% during the 1st quarter. Farther Finance Advisors LLC now owns 15,319 shares of the insurance provider's stock valued at $607,000 after acquiring an additional 11,534 shares during the period. GAMMA Investing LLC raised its holdings in Old Republic International by 4,738.8% during the 1st quarter. GAMMA Investing LLC now owns 216,730 shares of the insurance provider's stock valued at $8,500,000 after acquiring an additional 212,251 shares during the period. Bank of New York Mellon Corp raised its holdings in Old Republic International by 3.6% during 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 acquiring an additional 100,264 shares during the period. Finally, Merit Financial Group LLC raised its holdings in Old Republic International by 336.1% during the 1st quarter. Merit Financial Group LLC now owns 24,982 shares of the insurance provider's stock valued at $980,000 after acquiring an additional 19,254 shares during the period. Hedge funds and other institutional investors own 70.92% of the company's stock.

Analyst Upgrades and Downgrades

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

Old Republic International Trading Down 0.8%

Shares of ORI stock opened at $35.88 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.24 and a current ratio of 0.63. Old Republic International Corporation has a 52-week low of $33.00 and a 52-week high of $39.84. The company has a market capitalization of $8.87 billion, a PE ratio of 12.29 and a beta of 0.74. The business's fifty day moving average is $37.20 and its 200 day moving average is $37.27.

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, topping 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 for the quarter, compared to the consensus estimate of $2.18 billion. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is 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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