Focus Partners Advisor Solutions LLC Has $1.30 Million Stock Position in Old Republic International Corporation $ORI

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Old Republic International Corporation by 35.6%, now holding 33,118 shares valued at approximately $1.3 million.
• Old Republic International announced a quarterly dividend of $0.29 per share, yielding 2.9%, with an ex-dividend date of September 5.
• Despite a recent downgrade to "hold" by Wall Street Zen, analysts maintain a consensus "buy" rating with an average target price of $43.50 for the stock.

Focus Partners Advisor Solutions LLC increased its holdings in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,118 shares of the insurance provider's stock after acquiring an additional 8,687 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Old Republic International were worth $1,299,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. HWG Holdings LP bought a new stake in Old Republic International during the 1st quarter worth approximately $25,000. Quarry LP lifted its holdings in Old Republic International by 6,645.5% during the 1st quarter. Quarry LP now owns 742 shares of the insurance provider's stock worth $29,000 after buying an additional 731 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Old Republic International during the 1st quarter worth $31,000. Wayfinding Financial LLC acquired a new position in Old Republic International during the 1st quarter worth $34,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Old Republic International during the 1st quarter worth $35,000. 70.92% of the stock is currently owned by institutional investors.

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.

Analyst Ratings Changes

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

Old Republic International Trading Down 1.7%

Shares of ORI stock traded down $0.68 during trading hours on Friday, reaching $40.41. The company had a trading volume of 1,173,846 shares, compared to its average volume of 1,152,149. The company has a 50 day moving average of $37.94 and a 200 day moving average of $37.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 13.84 and a beta of 0.78. Old Republic International Corporation has a 1-year low of $33.00 and a 1-year 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. On average, equities research analysts anticipate 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%.

Old Republic International 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.