Wealth Enhancement Advisory Services LLC Purchases 6,897 Shares of Old Republic International Co. (NYSE:ORI)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,304 shares of the insurance provider's stock after purchasing an additional 6,897 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.23% of Old Republic International worth $20,495,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fairway Wealth LLC acquired a new position in shares of Old Republic International in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in Old Republic International in the 4th quarter valued at $34,000. Core Alternative Capital acquired a new position in Old Republic International in the 4th quarter worth $36,000. Synergy Asset Management LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at about $39,000. Finally, Crews Bank & Trust bought a new stake in shares of Old Republic International in the fourth quarter valued at about $40,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen raised Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Raymond James set a $42.00 target price on shares of Old Republic International and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Piper Sandler set a $42.00 target price on shares of Old Republic International in a research report on Friday, April 25th.

Insider Transactions at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 35,755 shares in the company, valued at $1,336,521.90. This represents a 22.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Old Republic International Stock Down 1.9%

NYSE ORI traded down $0.72 during trading hours on Wednesday, hitting $37.44. 1,520,632 shares of the company traded hands, compared to its average volume of 1,206,150. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 14.24 and a beta of 0.74. Old Republic International Co. has a twelve month low of $29.51 and a twelve month high of $39.84. The business's 50-day moving average is $37.68 and its 200-day moving average is $37.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62.

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 the consensus estimate of $0.73 by $0.08. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. The company'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 company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.29 per share. 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 3.10%. Old Republic International's dividend payout ratio (DPR) is currently 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.