Orca Wealth Management LLC Acquires 9,941 Shares of Old Republic International Corporation (NYSE:ORI)

Orca Wealth Management LLC increased its holdings in Old Republic International Corporation (NYSE:ORI) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,877 shares of the insurance provider’s stock after buying an additional 9,941 shares during the quarter. Old Republic International comprises approximately 5.4% of Orca Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Orca Wealth Management LLC’s holdings in Old Republic International were worth $6,035,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Old Republic International by 1.8% during the 1st quarter. Venturi Wealth Management LLC now owns 19,055 shares of the insurance provider’s stock worth $747,000 after purchasing an additional 340 shares during the period. Summit Financial LLC grew its stake in shares of Old Republic International by 6.1% during the 4th quarter. Summit Financial LLC now owns 6,017 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 347 shares during the period. Penbrook Management LLC grew its stake in shares of Old Republic International by 5.0% during the 1st quarter. Penbrook Management LLC now owns 8,480 shares of the insurance provider’s stock worth $333,000 after purchasing an additional 400 shares during the period. Advisory Services Network LLC grew its stake in shares of Old Republic International by 4.5% during the 4th quarter. Advisory Services Network LLC now owns 9,452 shares of the insurance provider’s stock worth $342,000 after purchasing an additional 404 shares during the period. Finally, Huntington National Bank grew its stake in shares of Old Republic International by 34.8% during the 4th quarter. Huntington National Bank now owns 1,737 shares of the insurance provider’s stock worth $63,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

ORI has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on shares of Old Republic International from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, July 25th. Raymond James Financial set a $42.00 price objective on shares of Old Republic International and gave the stock an “outperform” rating in a research note on Monday, April 28th. Finally, Wall Street Zen cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th.

Old Republic International Price Performance

Old Republic International stock opened at $36.31 on Wednesday. The company’s fifty day moving average price is $37.28 and its 200 day moving average price is $37.23. Old Republic International Corporation has a 1 year low of $33.00 and a 1 year high of $39.84. The stock has a market capitalization of $8.97 billion, a P/E ratio of 12.43 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.24 and a current ratio of 0.63.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.79 by $0.04. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. The company’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, June 6th. Old Republic International’s payout ratio is 39.73%.

Insiders Place Their Bets

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the transaction, the senior vice president directly owned 35,755 shares of the company’s stock, valued at $1,336,521.90. The trade was a 22.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate 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.