LifeWealth Investments LLC Makes New Investment in Old Republic International Corporation $ORI

Key Points

• LifeWealth Investments LLC acquired a new position in Old Republic International Corporation by purchasing 10,192 shares, valued at approximately $392,000.
• Analysts have a consensus rating of Strong Buy for Old Republic International, with a target price raised to $47.00 by Piper Sandler and Raymond James Financial.
• The company reported an earnings per share (EPS) of $0.83, surpassing estimates, and its revenue increased by 10.1% compared to the previous year.

LifeWealth Investments LLC bought a new position in shares of Old Republic International Corporation (NYSE:ORI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,192 shares of the insurance provider's stock, valued at approximately $392,000.

Other large investors have also recently added to or reduced their stakes in the company. Martingale Asset Management L P lifted its holdings in shares of Old Republic International by 3.4% during the first quarter. Martingale Asset Management L P now owns 8,241 shares of the insurance provider's stock worth $323,000 after buying an additional 269 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Old Republic International by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider's stock worth $3,532,000 after purchasing an additional 300 shares during the period. Atria Wealth Solutions Inc. lifted its position in Old Republic International by 3.6% in the first quarter. Atria Wealth Solutions Inc. now owns 9,047 shares of the insurance provider's stock worth $355,000 after purchasing an additional 314 shares during the period. Signet Financial Management LLC lifted its position in Old Republic International by 3.0% in the second quarter. Signet Financial Management LLC now owns 11,135 shares of the insurance provider's stock worth $428,000 after purchasing an additional 320 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Old Republic International by 1.8% in the first quarter. Venturi Wealth Management LLC now owns 19,055 shares of the insurance provider's stock worth $747,000 after purchasing an additional 340 shares during the period. Institutional investors own 70.92% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at Old Republic International

In other news, SVP Carolyn Monroe sold 6,849 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $36.52, for a total transaction of $250,125.48. Following the sale, the senior vice president owned 35,755 shares in the company, valued at approximately $1,305,772.60. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen J. Oberst sold 4,797 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $2,147,630.69. This represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Old Republic International Price Performance

Shares of ORI stock opened at $41.96 on Thursday. The stock's fifty day moving average is $40.94 and its 200-day moving average is $38.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $10.43 billion, a PE ratio of 14.37 and a beta of 0.76. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $44.00.

Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. The company had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The company's revenue was up 10.1% compared to the same quarter last year. Equities research analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, September 5th. Old Republic International's dividend payout ratio is presently 39.73%.

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.

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