Wealth Enhancement Advisory Services LLC Decreases Position in Old Republic International Co. (NYSE:ORI)

Wealth Enhancement Advisory Services LLC cut its stake in Old Republic International Co. (NYSE:ORI) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 559,407 shares of the insurance provider’s stock after selling 9,661 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Old Republic International were worth $19,814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORI. Financial Counselors Inc. boosted its holdings in shares of Old Republic International by 3.8% during the 2nd quarter. Financial Counselors Inc. now owns 9,270 shares of the insurance provider’s stock worth $286,000 after purchasing an additional 340 shares during the last quarter. Covestor Ltd grew its position in shares of Old Republic International by 23.0% in the first quarter. Covestor Ltd now owns 1,937 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 362 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Old Republic International by 4.9% in the second quarter. CIBC Asset Management Inc now owns 7,902 shares of the insurance provider’s stock valued at $244,000 after purchasing an additional 371 shares in the last quarter. EP Wealth Advisors LLC grew its position in shares of Old Republic International by 5.2% in the first quarter. EP Wealth Advisors LLC now owns 7,762 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 387 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Old Republic International by 8.9% in the second quarter. Brown Brothers Harriman & Co. now owns 5,235 shares of the insurance provider’s stock valued at $162,000 after purchasing an additional 430 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Trading Down 1.5 %

ORI opened at $34.40 on Monday. Old Republic International Co. has a one year low of $26.81 and a one year high of $36.50. The stock has a market capitalization of $9.35 billion, a PE ratio of 13.39 and a beta of 0.84. The business’s 50 day moving average price is $35.36 and its 200 day moving average price is $32.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 0.29.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, July 25th. The insurance provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the firm posted $0.62 earnings per share. As a group, equities research analysts expect that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Monday, September 16th. Investors of record on Friday, September 6th were issued a $1.06 dividend. This represents a yield of 3.05%. The ex-dividend date was Friday, September 6th. Old Republic International’s dividend payout ratio is presently 41.25%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their price target on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, October 21st.

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.