Kiker Wealth Management LLC Takes Position in Old Republic International Corporation $ORI

Kiker Wealth Management LLC acquired a new stake in shares of Old Republic International Corporation (NYSE:ORI) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 40,664 shares of the insurance provider’s stock, valued at approximately $1,563,000. Old Republic International accounts for about 0.9% of Kiker Wealth Management LLC’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Hamlin Capital Management LLC increased its holdings in Old Republic International by 1.6% in the 1st quarter. Hamlin Capital Management LLC now owns 5,191,308 shares of the insurance provider’s stock valued at $203,603,000 after acquiring an additional 79,796 shares during the last quarter. AQR Capital Management LLC increased its holdings in Old Republic International by 96.9% in the 1st quarter. AQR Capital Management LLC now owns 3,712,191 shares of the insurance provider’s stock valued at $145,481,000 after acquiring an additional 1,827,180 shares during the last quarter. Northern Trust Corp increased its holdings in Old Republic International by 11.8% in the 1st quarter. Northern Trust Corp now owns 3,551,918 shares of the insurance provider’s stock valued at $139,306,000 after acquiring an additional 375,916 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Old Republic International by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider’s stock valued at $114,453,000 after acquiring an additional 100,264 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Old Republic International by 7.3% in the 1st quarter. Invesco Ltd. now owns 2,521,439 shares of the insurance provider’s stock valued at $98,891,000 after acquiring an additional 171,497 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Price Performance

ORI stock opened at $42.97 on Tuesday. Old Republic International Corporation has a 12 month low of $33.00 and a 12 month high of $44.00. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $40.30 and a 200 day moving average price of $38.41. The stock has a market cap of $10.68 billion, a PE ratio of 14.72 and a beta of 0.76.

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

Old Republic International Announces Dividend

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

Insider Transactions at Old Republic International

In other news, Director Therace Risch acquired 1,500 shares of Old Republic International stock in a transaction that occurred on Tuesday, September 2nd. The stock was purchased at an average price of $39.90 per share, for a total transaction of $59,850.00. Following the purchase, the director directly owned 9,625 shares in the company, valued at $384,037.50. The trade was a 18.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Carolyn Monroe sold 6,849 shares of the business’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 transaction of $250,125.48. Following the transaction, the senior vice president owned 35,755 shares of the company’s stock, valued at approximately $1,305,772.60. This trade represents a 16.08% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ORI shares. Wall Street Zen downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $43.00 to $47.00 in a report on Monday, September 22nd. Weiss Ratings restated a “buy (a-)” rating on shares of Old Republic International in a report on Wednesday, October 8th. Finally, Piper Sandler boosted their target price on shares of Old Republic International from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, Old Republic International currently has a consensus rating of “Strong Buy” and an average target price of $47.00.

Old Republic International 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.