Old Republic International Corporation (NYSE:ORI) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in Old Republic International Corporation (NYSE:ORI - Free Report) by 4.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 590,079 shares of the insurance provider's stock after purchasing an additional 23,775 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.24% of Old Republic International worth $23,143,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ORI. Norges Bank bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $105,581,000. Raymond James Financial Inc. bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $67,054,000. Invesco Ltd. increased its holdings in shares of Old Republic International by 26.4% in the 4th quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock valued at $85,044,000 after acquiring an additional 490,788 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Old Republic International by 14.4% in the 4th quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider's stock valued at $114,940,000 after acquiring an additional 400,384 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Old Republic International by 93.8% in the 4th quarter. Millennium Management LLC now owns 823,500 shares of the insurance provider's stock valued at $29,802,000 after acquiring an additional 398,531 shares during the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction on 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 sale, the senior vice president now directly owns 35,755 shares of the company's stock, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on ORI. Wall Street Zen downgraded Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Piper Sandler set a $42.00 price objective on Old Republic International in a research note on Friday, April 25th. Finally, Raymond James Financial set a $42.00 price target on Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th.

Old Republic International Stock Performance

Shares of NYSE ORI opened at $37.28 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 15.15 and a beta of 0.74. The business's 50-day simple moving average is $37.61 and its 200-day simple moving average is $37.00. Old Republic International Corporation has a 52 week low of $29.83 and a 52 week high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 annualized dividend and a yield of 3.11%. Old Republic International's payout ratio is 47.15%.

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.

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