Applied Capital LLC FL Has $1.40 Million Stake in Old Republic International Corporation $ORI

Applied Capital LLC FL increased its position in shares of Old Republic International Corporation (NYSE:ORI) by 9.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,344 shares of the insurance provider’s stock after buying an additional 3,041 shares during the period. Applied Capital LLC FL’s holdings in Old Republic International were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. HWG Holdings LP acquired a new stake in Old Republic International during the 1st quarter valued at $25,000. Quarry LP lifted its holdings in Old Republic International by 6,645.5% during the 1st 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. 1 North Wealth Services LLC acquired a new stake in Old Republic International during the 1st quarter valued at $29,000. Alpine Bank Wealth Management acquired a new stake in Old Republic International during the 1st quarter valued at $31,000. Finally, Wayfinding Financial LLC acquired a new stake in Old Republic International during the 1st quarter valued at $34,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Old Republic International in a report on Wednesday. Wall Street Zen lowered Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Piper Sandler upped their price objective on Old Republic International from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Monday. Finally, Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $43.00 to $47.00 in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus target price of $47.00.

Old Republic International Price Performance

Shares of NYSE ORI opened at $43.16 on Friday. The stock has a market capitalization of $10.72 billion, a PE ratio of 14.78 and a beta of 0.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25. The business has a fifty day moving average price of $40.16 and a two-hundred day moving average price of $38.39. Old Republic International Corporation has a fifty-two week low of $33.00 and a fifty-two week high of $44.00.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.Old Republic International’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, September 5th. Old Republic International’s dividend payout ratio (DPR) is currently 39.73%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, Director Therace Risch acquired 1,500 shares of Old Republic International stock in a transaction that occurred on Tuesday, September 2nd. The shares were acquired at an average cost of $39.90 per share, with a total value of $59,850.00. Following the completion of the purchase, the director directly owned 9,625 shares of the company’s stock, valued at $384,037.50. This represents a 18.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Carolyn Monroe sold 6,849 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $36.52, for a total value of $250,125.48. Following the completion of the sale, the senior vice president directly owned 35,755 shares in the company, valued at $1,305,772.60. This trade represents a 16.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.