Measured Wealth Private Client Group LLC Sells 24,683 Shares of Old Republic International Co. (NYSE:ORI)

Measured Wealth Private Client Group LLC cut its stake in shares of Old Republic International Co. (NYSE:ORI) by 75.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 8,158 shares of the insurance provider’s stock after selling 24,683 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Old Republic International were worth $251,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in 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 last quarter. LPL Financial LLC raised its position in Old Republic International by 1.0% in the third quarter. LPL Financial LLC now owns 293,501 shares of the insurance provider’s stock worth $7,907,000 after acquiring an additional 2,877 shares during the period. Federated Hermes Inc. boosted its stake in shares of Old Republic International by 1.5% during the 3rd quarter. Federated Hermes Inc. now owns 37,524 shares of the insurance provider’s stock worth $1,011,000 after acquiring an additional 537 shares during the last quarter. Natixis Advisors L.P. increased its stake in shares of Old Republic International by 35.1% in the 3rd quarter. Natixis Advisors L.P. now owns 53,189 shares of the insurance provider’s stock worth $1,433,000 after purchasing an additional 13,829 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in Old Republic International by 9.1% in the 3rd quarter. Treasurer of the State of North Carolina now owns 133,802 shares of the insurance provider’s stock worth $3,605,000 after purchasing an additional 11,107 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Stock Up 0.5 %

Shares of ORI stock opened at $30.66 on Wednesday. The company’s fifty day simple moving average is $30.85 and its two-hundred day simple moving average is $29.83. Old Republic International Co. has a 52 week low of $24.75 and a 52 week high of $32.26. The stock has a market cap of $8.33 billion, a P/E ratio of 11.93 and a beta of 0.83. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.31.

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, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $1.85 billion during 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%. Analysts predict that Old Republic International Co. will post 2.73 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.265 per share. The ex-dividend date was Tuesday, June 4th. This represents a $1.06 annualized dividend and a yield of 3.46%. Old Republic International’s dividend payout ratio (DPR) is currently 41.25%.

Insiders Place Their Bets

In other Old Republic International news, Director Therace Risch purchased 6,086 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $29.77 per share, with a total value of $181,180.22. Following the acquisition, the director now owns 6,086 shares in the company, valued at $181,180.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Old Republic International news, SVP Carolyn Monroe sold 4,503 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $31.28, for a total transaction of $140,853.84. Following the completion of the sale, the senior vice president now owns 33,556 shares in the company, valued at $1,049,631.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Therace Risch bought 6,086 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was bought at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the purchase, the director now directly owns 6,086 shares of the company’s stock, valued at $181,180.22. The disclosure for this purchase can be found here. Insiders sold 9,172 shares of company stock valued at $282,286 in the last three months. Corporate insiders own 0.78% of the company’s stock.

Wall Street Analyst Weigh In

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

About Old Republic International

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.