7,763 Shares in Old Republic International Corporation $ORI Purchased by International Private Wealth Advisors LLC

Key Points

• International Private Wealth Advisors LLC has acquired a new stake in Old Republic International Corporation, purchasing 7,763 shares valued at approximately $298,000.
• Old Republic International recently reported earnings of $0.83 per share, surpassing analysts' expectations, with a revenue increase of 10.1% year-over-year.
• The company declared a quarterly dividend of $0.29 per share, with an annualized dividend yield of 2.9% and a dividend payout ratio of 39.73%.

International Private Wealth Advisors LLC purchased a new position in Old Republic International Corporation (NYSE:ORI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,763 shares of the insurance provider's stock, valued at approximately $298,000.

Other institutional investors also recently made changes to their positions in the company. HWG Holdings LP acquired a new position in shares of Old Republic International in the first quarter worth $25,000. 1 North Wealth Services LLC purchased a new stake in shares of Old Republic International in the first quarter valued at $29,000. Quarry LP grew its position in shares of 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 purchasing an additional 731 shares during the period. Alpine Bank Wealth Management purchased a new stake in shares of Old Republic International in the first quarter valued at $31,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Old Republic International in the first quarter valued at $34,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Stock Down 0.0%

Shares of NYSE ORI traded down $0.01 on Tuesday, hitting $40.96. The company had a trading volume of 264,121 shares, compared to its average volume of 1,313,639. Old Republic International Corporation has a 12-month low of $33.00 and a 12-month high of $41.22. The business has a 50 day moving average of $38.44 and a two-hundred day moving average of $37.91. 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 capitalization of $10.18 billion, a P/E ratio of 14.02 and a beta of 0.78.

Old Republic International (NYSE:ORI - Get Free Report) last issued its earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.04. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. The company's revenue was up 10.1% compared to the same quarter last year. As a group, 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 declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were paid a $0.29 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.16 annualized dividend and a dividend yield of 2.8%. Old Republic International's payout ratio is 39.73%.

Insider Buying and Selling

In related news, SVP Carolyn Monroe sold 6,849 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $36.52, for a total value of $250,125.48. Following the transaction, the senior vice president owned 35,755 shares in the company, valued at approximately $1,305,772.60. The trade was a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephen J. Oberst sold 4,797 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was 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 in the company, valued at approximately $2,147,630.69. This trade represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

ORI has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Raymond James Financial raised Old Republic International from an "outperform" rating to a "strong-buy" rating and lifted their price objective for the company from $43.00 to $47.00 in a research report on Monday. Finally, Piper Sandler lifted their price objective on Old Republic International from $41.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Strong Buy" and an average target price of $46.00.

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.