7,375 Shares in Old Republic International Co. (NYSE:ORI) Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in Old Republic International Co. (NYSE:ORI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,375 shares of the insurance provider’s stock, valued at approximately $217,000.

A number of other hedge funds also recently modified their holdings of ORI. Prudential PLC bought a new position in shares of Old Republic International in the third quarter worth $420,000. QRG Capital Management Inc. bought a new position in shares of Old Republic International in the third quarter worth $245,000. Envestnet Asset Management Inc. increased its position in shares of Old Republic International by 64.9% in the third quarter. Envestnet Asset Management Inc. now owns 211,269 shares of the insurance provider’s stock worth $5,692,000 after purchasing an additional 83,142 shares during the period. Invesco Ltd. grew its position in Old Republic International by 55.2% in the third quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock valued at $60,966,000 after acquiring an additional 804,803 shares during the last quarter. Finally, CI Investments Inc. grew its position in Old Republic International by 120.7% in the third quarter. CI Investments Inc. now owns 10,716 shares of the insurance provider’s stock valued at $289,000 after acquiring an additional 5,860 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Transactions at Old Republic International

In related news, VP Thomas Dare sold 1,292 shares of Old Republic International stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $30.95, for a total value of $39,987.40. Following the transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at $1,478,295.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Thomas Dare sold 1,292 shares of Old Republic International stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $30.95, for a total value of $39,987.40. Following the transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at $1,478,295.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 3,377 shares of Old Republic International stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total value of $101,445.08. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at $1,008,022.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,172 shares of company stock worth $282,286. Insiders own 0.78% of the company’s stock.

Old Republic International Stock Performance

NYSE:ORI opened at $30.59 on Friday. The stock has a market cap of $8.31 billion, a P/E ratio of 11.90 and a beta of 0.83. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average is $30.64 and its 200-day moving average is $29.73. Old Republic International Co. has a 1-year low of $24.17 and a 1-year high of $32.26.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.01. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. Equities research analysts anticipate that Old Republic International Co. will post 2.73 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Tuesday, June 4th. Old Republic International’s dividend payout ratio (DPR) is currently 41.25%.

Analyst Ratings Changes

ORI has been the topic of a number of recent analyst reports. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler lifted their target price on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 1st.

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.