Wealth Enhancement Advisory Services LLC Purchases 57,728 Shares of Old Republic International Corporation $ORI

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Old Republic International Corporation (NYSE:ORI) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 708,917 shares of the insurance provider’s stock after purchasing an additional 57,728 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.29% of Old Republic International worth $30,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORI. Wilmington Savings Fund Society FSB raised its position in shares of Old Republic International by 28.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock valued at $43,000 after purchasing an additional 222 shares during the period. Signet Financial Management LLC grew its stake in Old Republic International by 2.5% in the 4th quarter. Signet Financial Management LLC now owns 10,951 shares of the insurance provider’s stock valued at $500,000 after buying an additional 263 shares in the last quarter. Clearstead Trust LLC raised its holdings in Old Republic International by 65.6% during the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 288 shares during the period. Centennial Wealth Advisory LLC lifted its position in shares of Old Republic International by 2.3% during the third quarter. Centennial Wealth Advisory LLC now owns 13,099 shares of the insurance provider’s stock worth $556,000 after acquiring an additional 289 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Old Republic International by 37.1% in the third quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 298 shares during the period. Institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

Shares of NYSE ORI opened at $39.17 on Wednesday. The stock’s 50-day simple moving average is $41.06 and its two-hundred day simple moving average is $42.27. Old Republic International Corporation has a twelve month low of $34.43 and a twelve month high of $46.76. The firm has a market capitalization of $9.62 billion, a P/E ratio of 11.55 and a beta of 0.73. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same period in the previous year, the business posted $0.90 EPS. As a group, equities analysts anticipate that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were given a dividend of $0.315 per share. The ex-dividend date was Monday, March 9th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. This represents a $1.26 dividend on an annualized basis and a yield of 3.2%. Old Republic International’s dividend payout ratio (DPR) is 37.17%.

Insider Activity

In other news, Director John Eric Smith bought 1,135 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was bought at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the transaction, the director directly owned 4,276 shares of the company’s stock, valued at $184,295.60. This represents a 36.13% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 5,526 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.28, for a total transaction of $217,061.28. Following the transaction, the senior vice president owned 27,875 shares in the company, valued at $1,094,930. The trade was a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ORI has been the topic of a number of analyst reports. Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings raised Old Republic International from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 13th. Finally, Piper Sandler reiterated a “neutral” rating and set a $38.00 price target (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Old Republic International presently has a consensus rating of “Buy” and a consensus target price of $42.50.

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. 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.