Old Republic International Corporation (NYSE:ORI) Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its holdings in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 7.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 205,035 shares of the insurance provider's stock after acquiring an additional 13,976 shares during the period. Cyndeo Wealth Partners LLC owned approximately 0.08% of Old Republic International worth $8,041,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Fairway Wealth LLC purchased a new stake in shares of Old Republic International in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in Old Republic International in the 4th quarter valued at $34,000. Transce3nd LLC purchased a new stake in Old Republic International in the 4th quarter worth $41,000. Whipplewood Advisors LLC purchased a new stake in Old Republic International in the 4th quarter worth $41,000. Finally, Millstone Evans Group LLC acquired a new position in Old Republic International during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 70.92% of the company's stock.

Wall Street Analyst Weigh In

ORI has been the topic of several research analyst reports. Wall Street Zen lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Raymond James Financial set a $42.00 price target on shares of Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Piper Sandler set a $42.00 price objective on Old Republic International in a report on Friday, April 25th.

Old Republic International Price Performance

NYSE ORI traded up $0.11 during mid-day trading on Thursday, hitting $36.98. The stock had a trading volume of 1,397,914 shares, compared to its average volume of 1,210,190. The firm's 50 day moving average is $37.60 and its 200 day moving average is $37.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 15.03 and a beta of 0.74. Old Republic International Corporation has a twelve month low of $29.83 and a twelve month high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.03 billion. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The business's revenue was up 11.4% compared to the same quarter last year. Equities research analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is 47.15%.

Insiders Place Their Bets

In related news, SVP Carolyn Monroe sold 10,601 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the sale, the senior vice president now owns 35,755 shares of the company's stock, valued at approximately $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate 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.