Cwm LLC Acquires 32,264 Shares of Old Republic International Corporation (NYSE:ORI)

CWM LLC boosted its stake in Old Republic International Corporation (NYSE:ORI - Free Report) by 226.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,537 shares of the insurance provider's stock after buying an additional 32,264 shares during the period. CWM LLC's holdings in Old Republic International were worth $1,825,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ORI. HWG Holdings LP purchased a new position in shares of Old Republic International in the first quarter worth approximately $25,000. Alpine Bank Wealth Management purchased a new position in shares of Old Republic International during the 1st quarter valued at $31,000. Wayfinding Financial LLC purchased a new position in Old Republic International in the first quarter valued at about $34,000. Dunhill Financial LLC purchased a new position in Old Republic International in the first quarter valued at about $37,000. Finally, Millstone Evans Group LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Insider Buying and Selling

In other news, SVP Carolyn Monroe sold 10,601 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the transaction, the senior vice president owned 35,755 shares of the company's stock, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Piper Sandler set a $42.00 price objective on Old Republic International in a research report on Friday, April 25th. Raymond James Financial set a $42.00 price objective on shares of Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, Wall Street Zen downgraded Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th.

Old Republic International Stock Performance

Shares of NYSE:ORI traded up $0.04 during trading on Friday, reaching $36.79. 1,691,456 shares of the stock were exchanged, compared to its average volume of 1,223,573. Old Republic International Corporation has a 12 month low of $31.82 and a 12 month high of $39.84. The firm has a market cap of $9.09 billion, a PE ratio of 14.96 and a beta of 0.73. The stock has a 50-day moving average price of $37.53 and a 200-day moving average price of $37.15. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.27.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. Research analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.15%. The ex-dividend date was Friday, June 6th. Old Republic International's payout ratio is 47.15%.

About Old Republic International

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.