Kaufman Rossin Wealth LLC Makes New $319,000 Investment in Old Republic International Corporation $ORI

Key Points

• Kaufman Rossin Wealth LLC has made a new investment of $319,000 in Old Republic International Corporation by acquiring 8,129 shares during the 1st quarter.
• Old Republic's recent earnings report showed an EPS of $0.83, surpassing estimates, with revenues reaching $2.21 billion, a year-over-year increase of 10.1%.
• The company declared a quarterly dividend of $0.29 per share, reflecting an annual yield of 3.0%, with payment scheduled for September 15th.

Kaufman Rossin Wealth LLC acquired a new stake in Old Republic International Corporation (NYSE:ORI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 8,129 shares of the insurance provider's stock, valued at approximately $319,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORI. HWG Holdings LP bought a new position in shares of Old Republic International in the 1st quarter valued at $25,000. Alpine Bank Wealth Management bought a new position in shares of Old Republic International in the 1st quarter valued at $31,000. N.E.W. Advisory Services LLC bought a new position in shares of Old Republic International in the 1st quarter valued at $35,000. Wayfinding Financial LLC bought a new position in shares of Old Republic International in the 1st quarter valued at $34,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Old Republic International in the 1st quarter valued at $36,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Price Performance

ORI stock traded up $0.11 during midday trading on Tuesday, reaching $39.69. 212,972 shares of the stock were exchanged, compared to its average volume of 1,319,619. The stock has a market capitalization of $9.86 billion, a PE ratio of 13.59 and a beta of 0.74. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $40.20. 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 company has a fifty day moving average price of $37.46 and a 200 day moving average price of $37.47.

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 for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. The business's quarterly revenue was up 10.1% compared to the same quarter last year. As a group, analysts expect 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 will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Old Republic International's payout ratio is currently 39.73%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ORI. Wall Street Zen lowered Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Piper Sandler decreased their price target on Old Republic International from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday, July 25th. Finally, Raymond James Financial set a $42.00 price target on Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $41.50.

Insider Buying and Selling

In related news, SVP Carolyn Monroe sold 6,849 shares of Old Republic International stock in a transaction that occurred on 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 directly owned 35,755 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stephen J. Oberst sold 4,797 shares of Old Republic International stock in a transaction that occurred on 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 directly owned 54,661 shares in the company, valued at approximately $2,147,630.69. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.