Old Republic International Co. (NYSE:ORI) Shares Sold by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC trimmed its stake in shares of Old Republic International Co. (NYSE:ORIFree Report) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,412 shares of the insurance provider’s stock after selling 1,166 shares during the period. Insight Wealth Strategies LLC’s holdings in Old Republic International were worth $2,071,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORI. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Old Republic International during the third quarter worth about $80,000. Aviva PLC purchased a new position in Old Republic International during the third quarter worth approximately $787,000. Prudential PLC purchased a new position in Old Republic International during the third quarter worth approximately $420,000. QRG Capital Management Inc. purchased a new position in Old Republic International during the third quarter worth approximately $245,000. Finally, Nordea Investment Management AB boosted its position in Old Republic International by 33.1% during the third quarter. Nordea Investment Management AB now owns 387,091 shares of the insurance provider’s stock worth $10,529,000 after purchasing an additional 96,323 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of NYSE ORI traded up $0.31 during midday trading on Wednesday, hitting $30.27. The stock had a trading volume of 1,218,294 shares, compared to its average volume of 1,180,545. The company has a market capitalization of $8.23 billion, a PE ratio of 11.78 and a beta of 0.83. The stock has a 50 day simple moving average of $30.60 and a 200-day simple moving average of $29.72. Old Republic International Co. has a 1 year low of $24.17 and a 1 year high of $32.26. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.31.

Old Republic International (NYSE:ORIGet Free Report) last released its earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. On average, sell-side analysts expect that Old Republic International Co. will post 2.73 EPS for the current fiscal year.

Old Republic International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were given a $0.265 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.06 annualized dividend and a dividend yield of 3.50%. Old Republic International’s dividend payout ratio (DPR) is presently 41.25%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler increased their price target on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st.

Check Out Our Latest Research Report on ORI

Insider Buying and Selling

In related news, Director Therace Risch acquired 6,086 shares of Old Republic International stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the transaction, the director now owns 6,086 shares in the company, valued at approximately $181,180.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Therace Risch acquired 6,086 shares of Old Republic International stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the transaction, the director now owns 6,086 shares in the company, valued at approximately $181,180.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 4,503 shares of Old Republic International stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $31.28, for a total value of $140,853.84. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,049,631.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,172 shares of company stock worth $282,286. 0.78% of the stock is owned by corporate insiders.

Old Republic International Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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