Orca Wealth Management LLC Purchases 16,219 Shares of Old Republic International Corporation $ORI

Orca Wealth Management LLC lifted its position in shares of Old Republic International Corporation (NYSE:ORI) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,271 shares of the insurance provider’s stock after buying an additional 16,219 shares during the quarter. Old Republic International comprises about 5.7% of Orca Wealth Management LLC’s holdings, making the stock its 2nd largest position. Orca Wealth Management LLC owned 0.07% of Old Republic International worth $7,726,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC lifted its stake in shares of Old Republic International by 6,183.1% in the 4th quarter. Global Retirement Partners LLC now owns 13,760 shares of the insurance provider’s stock valued at $628,000 after purchasing an additional 13,541 shares during the period. Mach 1 Financial Group LLC acquired a new position in Old Republic International in the fourth quarter valued at approximately $209,000. IFP Advisors Inc lifted its stake in Old Republic International by 4.7% in the fourth quarter. IFP Advisors Inc now owns 18,613 shares of the insurance provider’s stock valued at $849,000 after buying an additional 834 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Old Republic International during the 4th quarter worth approximately $2,157,000. Finally, Handelsbanken Fonder AB boosted its holdings in Old Republic International by 1.0% in the fourth quarter. Handelsbanken Fonder AB now owns 59,771 shares of the insurance provider’s stock worth $2,728,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Trading Down 0.5%

Shares of Old Republic International stock opened at $39.65 on Friday. The firm has a market cap of $9.63 billion, a PE ratio of 10.63 and a beta of 0.63. 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. The stock has a fifty day moving average price of $40.09 and a 200-day moving average price of $41.99.

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

Old Republic International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, June 5th. Old Republic International’s dividend payout ratio is currently 33.78%.

Insider Buying and Selling at Old Republic International

In other Old Republic International 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 transaction of $516,670.80. Following the sale, the senior vice president directly owned 32,261 shares of the company’s stock, valued at $1,250,436.36. This represents a 29.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John Eric Smith bought 1,135 shares of Old Republic International stock in a transaction dated Monday, March 2nd. The stock was acquired at an average price of $43.10 per share, with a total value of $48,918.50. Following the purchase, the director directly owned 4,276 shares of the company’s stock, valued at approximately $184,295.60. This represents a 36.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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. 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.