Stratos Wealth Partners LTD. Sells 1,330 Shares of Old Republic International Corporation (NYSE:ORI)

Stratos Wealth Partners LTD. decreased its holdings in Old Republic International Corporation (NYSE:ORI) by 13.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,564 shares of the insurance provider’s stock after selling 1,330 shares during the period. Stratos Wealth Partners LTD.’s holdings in Old Republic International were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. HWG Holdings LP acquired a new position in shares of Old Republic International in the first quarter worth about $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Old Republic International in the 1st quarter valued at approximately $31,000. Wayfinding Financial LLC acquired a new position in Old Republic International in the first quarter valued at approximately $34,000. Transce3nd LLC acquired a new position in Old Republic International in the fourth quarter valued at approximately $41,000. Finally, Millstone Evans Group LLC acquired a new position in Old Republic International in the fourth quarter valued at approximately $41,000. Institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

ORI has been the topic of several research reports. Wall Street Zen lowered Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday. Piper Sandler set a $42.00 price objective on shares of Old Republic International in a research note on Friday, April 25th. Finally, Raymond James Financial set a $42.00 price objective on shares of Old Republic International and gave the stock an “outperform” rating in a research note on Monday, April 28th.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $36.36 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a fifty-two week low of $31.65 and a fifty-two week high of $39.84. The firm has a 50-day simple moving average of $37.60 and a 200 day simple moving average of $37.13. The company has a market cap of $8.99 billion, a PE ratio of 14.78 and a beta of 0.73.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.03 billion. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, sell-side analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, June 6th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Friday, June 6th. Old Republic International’s dividend payout ratio is currently 47.15%.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the sale, the senior vice president directly owned 35,755 shares of the company’s stock, valued at $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.