AE Wealth Management LLC lifted its stake in shares of Old Republic International Co. (NYSE:ORI – Free Report) by 561.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,097 shares of the insurance provider’s stock after acquiring an additional 112,126 shares during the period. AE Wealth Management LLC’s holdings in Old Republic International were worth $3,325,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new stake in shares of Old Republic International during the first quarter worth $25,000. Belpointe Asset Management LLC bought a new position in shares of Old Republic International during the fourth quarter worth about $28,000. Stonebridge Capital Advisors LLC grew its holdings in shares of Old Republic International by 130.9% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 1,411 shares of the insurance provider’s stock worth $34,000 after buying an additional 800 shares in the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Old Republic International during the second quarter worth about $34,000. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of Old Republic International during the first quarter worth about $40,000. Institutional investors own 70.61% of the company’s stock.
Insider Activity at Old Republic International
In related news, EVP Stephen J. Oberst sold 26,500 shares of Old Republic International stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $27.68, for a total transaction of $733,520.00. Following the completion of the transaction, the executive vice president now owns 68,574 shares in the company, valued at $1,898,128.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Barbara Adachi acquired 3,620 shares of Old Republic International stock in a transaction on Wednesday, August 2nd. The stock was purchased at an average cost of $27.64 per share, with a total value of $100,056.80. Following the completion of the transaction, the director now directly owns 5,920 shares in the company, valued at approximately $163,628.80. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Stephen J. Oberst sold 26,500 shares of Old Republic International stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.68, for a total transaction of $733,520.00. Following the transaction, the executive vice president now directly owns 68,574 shares of the company’s stock, valued at $1,898,128.32. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Old Republic International
Old Republic International Stock Down 0.7 %
ORI stock opened at $27.34 on Friday. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 10.36 and a beta of 0.79. Old Republic International Co. has a twelve month low of $20.27 and a twelve month high of $29.89. The business has a 50 day moving average price of $27.23 and a two-hundred day moving average price of $25.73. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.26.
Old Republic International (NYSE:ORI – Get Free Report) last released its earnings results on Thursday, July 27th. The insurance provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. Old Republic International had a net margin of 10.18% and a return on equity of 13.20%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Analysts anticipate that Old Republic International Co. will post 2.6 EPS for the current fiscal year.
Old Republic International Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.58%. This is a boost from Old Republic International’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, September 1st. Old Republic International’s dividend payout ratio is presently 37.12%.
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 the Republic Financial Indemnity Group Run-off Business.
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