Impact Partnership Wealth LLC Buys Shares of 14,509 Old Republic International Corporation (NYSE:ORI)

Impact Partnership Wealth LLC acquired a new stake in Old Republic International Corporation (NYSE:ORI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,509 shares of the insurance provider's stock, valued at approximately $569,000.

Other institutional investors have also recently bought and sold shares of the company. HWG Holdings LP bought a new position in Old Republic International in the 1st quarter valued at $25,000. Alpine Bank Wealth Management bought a new stake in shares of Old Republic International during the first quarter worth $31,000. Wayfinding Financial LLC bought a new stake in shares of Old Republic International during the first quarter worth $34,000. Transce3nd LLC bought a new stake in shares of Old Republic International during the fourth quarter worth $41,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Old Republic International during the fourth quarter worth $41,000. Institutional investors own 70.92% of the company's stock.

Insider Activity at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the transaction, the senior vice president directly owned 35,755 shares of the company's stock, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Old Republic International Trading Up 0.1%

Shares of Old Republic International stock traded up $0.04 during trading on Friday, reaching $36.79. 1,691,456 shares of the company were exchanged, compared to its average volume of 1,223,573. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a twelve month low of $31.82 and a twelve month high of $39.84. The business has a 50-day moving average price of $37.53 and a 200-day moving average price of $37.14. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 14.96 and a beta of 0.73.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a return on equity of 20.99% and a net margin of 9.37%. The business had revenue of $2.06 billion during the quarter, compared to analysts' expectations of $2.03 billion. Old Republic International's revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.15%. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

Analyst Upgrades and Downgrades

ORI has been the subject of a number of recent research reports. Piper Sandler set a $42.00 target price on Old Republic International in a research report on Friday, April 25th. Wall Street Zen downgraded Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Raymond James Financial set a $42.00 target price on Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th.

Old Republic International Company 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.