Geneos Wealth Management Inc. Purchases 11,899 Shares of Old Republic International Corporation $ORI

Key Points

• Geneos Wealth Management Inc. increased its position in Old Republic International Corporation by 518.0%, acquiring an additional 11,899 shares during the first quarter, bringing their total holdings to 14,196 shares worth $557,000.
• Major analyst movements included a downgrade from buy to hold by Wall Street Zen, while Piper Sandler raised the price target from $41.00 to $45.00 and maintained an overweight rating.
• Old Republic International declared a quarterly dividend of $0.29 per share, with an annualized dividend yield of 2.9% and a payout ratio of 39.73% as of the most recent SEC filing.

Geneos Wealth Management Inc. increased its position in Old Republic International Corporation (NYSE:ORI - Free Report) by 518.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,196 shares of the insurance provider's stock after purchasing an additional 11,899 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Old Republic International were worth $557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. HWG Holdings LP acquired a new position in Old Republic International in the 1st quarter valued at about $25,000. 1 North Wealth Services LLC acquired a new position in Old Republic International in the 1st quarter valued at about $29,000. Quarry LP grew its stake in Old Republic International by 6,645.5% in the 1st 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 last quarter. Alpine Bank Wealth Management acquired a new position in Old Republic International in the 1st quarter valued at about $31,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Old Republic International in the 1st quarter valued at about $35,000. 70.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ORI shares. Wall Street Zen lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Piper Sandler upped their price target on shares of Old Republic International from $41.00 to $45.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $43.50.

Insider Activity at Old Republic International

In related news, EVP Stephen J. Oberst sold 4,797 shares of the stock in a transaction that occurred 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. This represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was bought at an average cost of $39.90 per share, with a total value of $59,850.00. Following the purchase, the director owned 9,625 shares in the company, valued at $384,037.50. The trade was a 18.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

Old Republic International Stock Performance

Shares of NYSE:ORI opened at $40.29 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. The firm has a market cap of $10.01 billion, a PE ratio of 13.80 and a beta of 0.78. The company's 50 day moving average price is $38.11 and its two-hundred day moving average price is $37.82. Old Republic International Corporation has a 12-month low of $33.00 and a 12-month 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 (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. The business's quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, September 5th. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. Old Republic International's dividend payout ratio (DPR) is currently 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.

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