Cwm LLC Raises Holdings in Old Republic International Corporation $ORI

Cwm LLC increased its position in Old Republic International Corporation (NYSE:ORI) by 87.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 174,260 shares of the insurance provider’s stock after purchasing an additional 81,281 shares during the period. Cwm LLC owned 0.07% of Old Republic International worth $7,401,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. 1 North Wealth Services LLC purchased a new position in shares of Old Republic International in the 1st quarter valued at approximately $29,000. Quarry LP grew its holdings in Old Republic International by 6,645.5% in the first quarter. Quarry LP now owns 742 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 731 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Old Republic International in the second quarter valued at $34,000. Headlands Technologies LLC acquired a new position in shares of Old Republic International during the 2nd quarter worth $46,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Old Republic International by 29.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock worth $47,000 after buying an additional 274 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ORI shares. Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $43.00 to $47.00 in a research report on Monday, September 22nd. Piper Sandler lifted their price objective on Old Republic International from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reiterated a “buy (a)” rating on shares of Old Republic International in a report on Wednesday, December 24th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus target price of $49.00.

Old Republic International Stock Down 0.5%

ORI stock opened at $46.33 on Tuesday. The company has a 50 day moving average price of $43.61 and a two-hundred day moving average price of $40.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $11.46 billion, a P/E ratio of 15.49 and a beta of 0.77. Old Republic International Corporation has a one year low of $33.00 and a one year high of $46.76.

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

Old Republic International Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, January 2nd will be issued a dividend of $2.50 per share. The ex-dividend date is Friday, January 2nd. Old Republic International’s dividend payout ratio is presently 38.80%.

Insider Activity at Old Republic International

In related news, Director Therace Risch bought 1,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $39.14 per share, for a total transaction of $39,140.00. Following the completion of the acquisition, the director owned 10,625 shares in the company, valued at $415,862.50. This trade represents a 10.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carolyn Monroe sold 6,680 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $44.54, for a total transaction of $297,527.20. Following the transaction, the senior vice president directly owned 29,075 shares in the company, valued at approximately $1,295,000.50. This represents a 18.68% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.