Old Republic International Co. (NYSE:ORI) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC boosted its holdings in shares of Old Republic International Co. (NYSE:ORI) by 13.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,817 shares of the insurance provider’s stock after buying an additional 1,756 shares during the period. EP Wealth Advisors LLC’s holdings in Old Republic International were worth $536,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. lifted its holdings 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 buying an additional 302 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Old Republic International by 37.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock worth $2,595,000 after buying an additional 19,400 shares in the last quarter. Orca Wealth Management LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at $5,209,000. Plato Investment Management Ltd acquired a new stake in shares of Old Republic International in the 4th quarter valued at $362,000. Finally, A&I Financial Services LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at $497,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Old Republic International 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 transaction, the senior vice president now directly owns 35,755 shares of the company’s stock, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction 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. The trade was a 37.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,354 shares of company stock worth $1,602,871 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $37.89 on Monday. The company’s fifty day moving average price is $37.63 and its 200 day moving average price is $36.91. Old Republic International Co. has a 12 month low of $29.51 and a 12 month high of $39.84. 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 capitalization of $9.37 billion, a P/E ratio of 14.41 and a beta of 0.74.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were paid a dividend of $0.29 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.06%. The ex-dividend date was Monday, March 10th. Old Republic International’s dividend payout ratio (DPR) is currently 47.15%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ORI. Piper Sandler set a $42.00 price objective on shares of Old Republic International in a report on Friday, April 25th. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 25th. Finally, Raymond James set a $42.00 price target on shares of Old Republic International and gave the stock an “outperform” rating in a research note on Monday, April 28th.

Old Republic International Company 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.