Waverly Advisors LLC Invests $267,000 in Old Republic International Co. (NYSE:ORI)

Waverly Advisors LLC purchased a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,387 shares of the insurance provider's stock, valued at approximately $267,000.

Other large investors have also recently bought and sold shares of the company. Atomi Financial Group Inc. boosted its stake in Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock worth $279,000 after purchasing an additional 302 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Old Republic International by 37.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock worth $2,595,000 after acquiring an additional 19,400 shares during the period. Orca Wealth Management LLC acquired a new stake in shares of Old Republic International in the 4th quarter worth $5,209,000. Plato Investment Management Ltd acquired a new stake in shares of Old Republic International in the 4th quarter worth $362,000. Finally, A&I Financial Services LLC acquired a new stake in shares of Old Republic International in the 4th quarter worth $497,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Stock Performance

Shares of ORI stock traded up $0.21 during mid-day trading on Friday, hitting $37.81. The stock had a trading volume of 2,078,641 shares, compared to its average volume of 1,204,853. The company's 50-day simple moving average is $37.74 and its 200-day simple moving average is $37.11. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The firm has a market cap of $9.35 billion, a PE ratio of 14.38 and a beta of 0.74. Old Republic International Co. has a fifty-two week low of $29.51 and a fifty-two week high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly 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. The business 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 10.36% and a return on equity of 20.32%. The business's quarterly revenue was up 11.4% compared to the same quarter last year. Sell-side analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. Old Republic International's dividend payout ratio is presently 47.15%.

Insider Activity

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the completion of the transaction, the vice president now directly owns 46,556 shares in the company, valued at approximately $1,699,294. This trade represents a 37.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Craig R. Smiddy sold 5,296 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the transaction, the chief executive officer now owns 138,222 shares of the company's stock, valued at $5,335,369.20. This trade represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,354 shares of company stock worth $1,602,871 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ORI has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Old Republic International from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Piper Sandler set a $42.00 target price on shares of Old Republic International in a research note on Friday, April 25th. Finally, Raymond James set a $42.00 target price on shares of Old Republic International and gave the stock an "outperform" rating in a research note on Monday, April 28th.

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.