Orca Wealth Management LLC Has $5.93 Million Position in Old Republic International Corporation $ORI

Orca Wealth Management LLC increased its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 154,328 shares of the insurance provider’s stock after buying an additional 451 shares during the quarter. Old Republic International accounts for about 5.0% of Orca Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Orca Wealth Management LLC owned approximately 0.06% of Old Republic International worth $5,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ORI. GAMMA Investing LLC lifted its position in shares of Old Republic International by 4,738.8% during the 1st quarter. GAMMA Investing LLC now owns 216,730 shares of the insurance provider’s stock worth $8,500,000 after buying an additional 212,251 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of Old Republic International by 336.1% during the 1st quarter. Merit Financial Group LLC now owns 24,982 shares of the insurance provider’s stock worth $980,000 after buying an additional 19,254 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Old Republic International during the 1st quarter worth $250,000. UMB Bank n.a. lifted its position in shares of Old Republic International by 7.4% during the 1st quarter. UMB Bank n.a. now owns 18,505 shares of the insurance provider’s stock worth $726,000 after buying an additional 1,276 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Old Republic International by 304.7% during the 1st quarter. Farther Finance Advisors LLC now owns 15,319 shares of the insurance provider’s stock worth $607,000 after buying an additional 11,534 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on ORI. Piper Sandler upped their price objective on Old Republic International from $41.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $43.00 to $47.00 in a report on Monday, September 22nd. Wall Street Zen cut Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Old Republic International in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Strong Buy” and an average price target of $46.00.

Old Republic International Trading Up 1.1%

Shares of ORI stock opened at $43.35 on Friday. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 14.84 and a beta of 0.76. The stock has a 50-day moving average of $39.45 and a 200-day moving average of $38.22. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.26. Old Republic International Corporation has a 1-year low of $33.00 and a 1-year high of $43.56.

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

Old Republic International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. Old Republic International’s dividend payout ratio is presently 39.73%.

Insider Buying and Selling

In other Old Republic International news, Director Therace Risch bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was acquired at an average price of $39.90 per share, with a total value of $59,850.00. Following the completion of the purchase, the director directly owned 9,625 shares of the company’s stock, valued at approximately $384,037.50. This trade represents a 18.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carolyn Monroe sold 6,849 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $36.52, for a total value of $250,125.48. Following the sale, the senior vice president directly owned 35,755 shares of the company’s stock, valued at $1,305,772.60. This represents a 16.08% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by 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.