Orca Wealth Management LLC Purchases 9,941 Shares of Old Republic International Corporation (NYSE:ORI)

Key Points

• Orca Wealth Management LLC increased its stakes in Old Republic International by 6.9%, making it the firm's second-largest position, holding approximately 0.06% of the company valued at $6,035,000.
• Old Republic International reported quarterly earnings of $0.83 EPS, beating the consensus estimate by $0.04, with revenue rising 10.1% year-over-year to $2.21 billion.
• The company announced a quarterly dividend of $0.29 per share, representing a 3.20% dividend yield, with a payout ratio of 39.73%.

Orca Wealth Management LLC boosted its holdings in Old Republic International Corporation (NYSE:ORI - Free Report) by 6.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,877 shares of the insurance provider's stock after buying an additional 9,941 shares during the quarter. Old Republic International makes up 5.4% of Orca Wealth Management LLC's holdings, making the stock its 2nd biggest holding. Orca Wealth Management LLC owned approximately 0.06% of Old Republic International worth $6,035,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORI. HWG Holdings LP bought a new stake in Old Republic International during the 1st quarter worth $25,000. Alpine Bank Wealth Management bought a new stake in shares of Old Republic International during the first quarter worth about $31,000. Wayfinding Financial LLC acquired a new position in shares of Old Republic International in the first quarter valued at approximately $34,000. N.E.W. Advisory Services LLC bought a new position in Old Republic International in the 1st quarter valued at approximately $35,000. Finally, Meeder Asset Management Inc. acquired a new stake in Old Republic International during the 1st quarter worth approximately $36,000. Institutional investors own 70.92% of the company's stock.

Old Republic International Trading Down 0.8%

Shares of ORI stock traded down $0.29 during mid-day trading on Friday, hitting $35.88. The company's stock had a trading volume of 1,220,295 shares, compared to its average volume of 1,657,409. The company's fifty day simple moving average is $37.23 and its 200-day simple moving average is $37.24. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $39.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.24 and a current ratio of 0.63. The company has a market cap of $8.87 billion, a PE ratio of 12.29 and a beta of 0.74.

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 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 during the quarter, compared to the consensus estimate of $2.18 billion. Old Republic International's revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is presently 39.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Piper Sandler decreased their target price on shares of Old Republic International from $42.00 to $41.00 and set an "overweight" rating for the company in a research report on Friday, July 25th. Finally, Raymond James Financial set a $42.00 price target on shares of 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.