Foster & Motley Inc. Grows Position in Old Republic International Corporation $ORI

Key Points

• Foster & Motley Inc. increased its stake in Old Republic International Corporation (NYSE: ORI) by 32.5% in Q2, acquiring an additional 9,876 shares and bringing its total holdings to 40,272 shares valued at $1,548,000.
• Old Republic International recently declared a quarterly dividend of $0.29 per share, which represents an annualized dividend of $1.16 and a yield of 2.8%.
• Several analysts have upgraded their ratings for Old Republic International, with Raymond James raising their price target from $43.00 to $47.00, reflecting strong investor confidence.

Foster & Motley Inc. boosted its stake in Old Republic International Corporation (NYSE:ORI - Free Report) by 32.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,272 shares of the insurance provider's stock after purchasing an additional 9,876 shares during the quarter. Foster & Motley Inc.'s holdings in Old Republic International were worth $1,548,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. HWG Holdings LP purchased a new stake in Old Republic International in the first quarter valued at approximately $25,000. Quarry LP raised its holdings in Old Republic International by 6,645.5% in the first quarter. Quarry LP now owns 742 shares of the insurance provider's stock valued at $29,000 after buying an additional 731 shares during the period. 1 North Wealth Services LLC purchased a new position in Old Republic International in the first quarter valued at approximately $29,000. Alpine Bank Wealth Management purchased a new position in Old Republic International in the first quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC purchased a new position in Old Republic International in the first quarter valued at approximately $34,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Old Republic International

In related news, Director Therace Risch purchased 1,500 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was acquired at an average price of $39.90 per share, with a total value of $59,850.00. Following the completion of the transaction, the director owned 9,625 shares of the company's stock, valued at $384,037.50. This represents a 18.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen J. Oberst sold 4,797 shares of the firm's stock in a transaction that occurred 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 directly owned 54,661 shares of the company's stock, valued at $2,147,630.69. The trade was a 8.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Old Republic International Stock Up 1.4%

Shares of NYSE:ORI opened at $41.48 on Friday. 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 $44.00. The company has a 50 day moving average of $40.70 and a two-hundred day moving average of $38.50. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 14.21 and a beta of 0.76.

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 net margin of 10.31% and a return on equity of 20.95%. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.8%. Old Republic International's dividend payout ratio (DPR) is presently 39.73%.

Analyst Ratings Changes

Several research analysts recently commented on ORI shares. Raymond James Financial upgraded shares of Old Republic International from an "outperform" rating to a "strong-buy" rating and raised their price target for the company from $43.00 to $47.00 in a report on Monday, September 22nd. Piper Sandler raised their price target on shares of Old Republic International from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Wall Street Zen lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Weiss Ratings restated a "buy (a-)" rating on shares of Old Republic International in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Strong Buy" and an average target price of $47.00.

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.

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