Old Republic International Corporation $ORI Shares Purchased by Allworth Financial LP

Allworth Financial LP boosted its stake in shares of Old Republic International Corporation (NYSE:ORI) by 314.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,955 shares of the insurance provider’s stock after purchasing an additional 34,116 shares during the period. Allworth Financial LP’s holdings in Old Republic International were worth $1,728,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ORI. Envestnet Asset Management Inc. increased its holdings in shares of Old Republic International by 11.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 244,834 shares of the insurance provider’s stock worth $9,602,000 after buying an additional 25,450 shares during the last quarter. Cerity Partners LLC grew its position in Old Republic International by 60.6% during the first quarter. Cerity Partners LLC now owns 48,512 shares of the insurance provider’s stock valued at $1,903,000 after acquiring an additional 18,300 shares during the period. CWM LLC increased its stake in Old Republic International by 226.0% during the first quarter. CWM LLC now owns 46,537 shares of the insurance provider’s stock worth $1,825,000 after acquiring an additional 32,264 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in Old Republic International during the first quarter worth about $1,148,000. Finally, Impact Partnership Wealth LLC purchased a new position in shares of Old Republic International in the 1st quarter worth about $569,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday, October 8th. Piper Sandler cut their price target on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Finally, Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $43.00 to $47.00 in a research report on Monday, September 22nd. 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 a consensus target price of $46.50.

Old Republic International Stock Up 1.9%

NYSE ORI opened at $43.46 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.64 and a debt-to-equity ratio of 0.25. Old Republic International Corporation has a fifty-two week low of $33.00 and a fifty-two week high of $44.00. The business has a 50 day moving average price of $41.27 and a two-hundred day moving average price of $38.98. The stock has a market cap of $10.76 billion, a PE ratio of 14.54 and a beta of 0.79.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Friday, October 24th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.05. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.28 billion. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. As a group, sell-side analysts predict that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Insider Transactions at Old Republic International

In related news, Director Therace Risch purchased 1,500 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 9,625 shares of the company’s stock, valued at $384,037.50. This represents a 18.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen J. Oberst sold 4,797 shares of Old Republic International stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $39.29, for a total transaction of $188,474.13. Following the completion of the sale, the executive vice president owned 54,661 shares of the company’s stock, valued at approximately $2,147,630.69. This trade represents a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.