Focus Partners Wealth Has $8.09 Million Holdings in Old Republic International Corporation $ORI

Focus Partners Wealth trimmed its holdings in Old Republic International Corporation (NYSE:ORI) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,159 shares of the insurance provider’s stock after selling 522 shares during the period. Focus Partners Wealth owned about 0.08% of Old Republic International worth $8,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. HWG Holdings LP bought a new position in shares of Old Republic International during the 1st quarter valued at about $25,000. 1 North Wealth Services LLC acquired a new stake in shares of Old Republic International in the first quarter valued at about $29,000. Quarry LP raised its stake in shares of Old Republic International by 6,645.5% during the 1st quarter. Quarry LP now owns 742 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 731 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Old Republic International in the 1st quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC bought a new position in shares of Old Republic International in the first quarter valued at $34,000. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Stock Performance

Old Republic International stock opened at $40.29 on Friday. The business’s 50-day moving average price is $38.11 and its two-hundred day moving average price is $37.82. The stock has a market cap of $10.01 billion, a PE ratio of 13.80 and a beta of 0.78. Old Republic International Corporation has a 12-month low of $33.00 and a 12-month high of $41.15. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Old Republic International’s dividend payout ratio is currently 39.73%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ORI shares. Piper Sandler upped their price objective on Old Republic International from $41.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Wall Street Zen downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $43.50.

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 Republic Financial Indemnity Group Run-off Business.