Old Republic International Corporation $ORI Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC grew its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,632 shares of the insurance provider’s stock after purchasing an additional 16,319 shares during the period. Corient Private Wealth LLC’s holdings in Old Republic International were worth $4,640,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ORI. V Square Quantitative Management LLC acquired a new position in Old Republic International during the 4th quarter valued at about $26,000. Torren Management LLC acquired a new position in shares of Old Republic International during the fourth quarter valued at about $27,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Old Republic International during the fourth quarter valued at about $27,000. JPL Wealth Management LLC purchased a new position in shares of Old Republic International in the 3rd quarter valued at approximately $27,000. Finally, Quest 10 Wealth Builders Inc. purchased a new position in shares of Old Republic International in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Weiss Ratings downgraded shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, March 27th. Piper Sandler lifted their price objective on shares of Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Zacks Research lowered shares of Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial set a $44.00 target price on Old Republic International in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Old Republic International has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Old Republic International Trading Up 2.9%

ORI opened at $41.16 on Friday. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 11.04 and a beta of 0.59. The company’s 50 day simple moving average is $39.33 and its two-hundred day simple moving average is $41.07. Old Republic International Corporation has a 1-year low of $35.60 and a 1-year high of $46.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.23.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the company earned $0.81 earnings per share. Old Republic International’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts expect that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were paid a $0.315 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.1%. Old Republic International’s dividend payout ratio (DPR) is 33.78%.

Insider Activity

In related news, SVP Carolyn Monroe sold 13,330 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the sale, the senior vice president owned 32,261 shares of the company’s stock, valued at approximately $1,250,436.36. This represents a 29.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.32% of the stock is owned by company insiders.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.