Old Republic International Corporation $ORI Shares Acquired by Bogart Wealth LLC

Bogart Wealth LLC increased its position in Old Republic International Corporation (NYSE:ORI) by 1.1% in the second quarter, Holdings Channel reports. The firm owned 211,175 shares of the insurance provider’s stock after purchasing an additional 2,278 shares during the quarter. Bogart Wealth LLC’s holdings in Old Republic International were worth $8,118,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ORI. GAMMA Investing LLC grew its stake in Old Republic International by 23.4% in the first quarter. GAMMA Investing LLC now owns 5,526 shares of the insurance provider’s stock worth $217,000 after purchasing an additional 1,047 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Old Republic International by 4.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 590,079 shares of the insurance provider’s stock worth $23,143,000 after acquiring an additional 23,775 shares during the last quarter. HWG Holdings LP bought a new position in Old Republic International in the first quarter worth about $25,000. Berry Wealth Group LP lifted its holdings in Old Republic International by 46.3% in the first quarter. Berry Wealth Group LP now owns 9,145 shares of the insurance provider’s stock worth $359,000 after acquiring an additional 2,894 shares during the last quarter. Finally, Mill Capital Management LLC lifted its holdings in Old Republic International by 6.3% in the first quarter. Mill Capital Management LLC now owns 10,777 shares of the insurance provider’s stock worth $423,000 after acquiring an additional 641 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORI. Wall Street Zen cut shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Piper Sandler increased their price objective on Old Republic International from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $43.00 to $47.00 in a research report on Monday, September 22nd. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, Old Republic International currently has a consensus rating of “Strong Buy” and an average target price of $47.00.

Insider Buying and Selling

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

Old Republic International Stock Up 1.4%

ORI opened at $41.48 on Monday. Old Republic International Corporation has a 12 month low of $33.00 and a 12 month high of $44.00. The stock has a market cap of $10.31 billion, a P/E ratio of 14.21 and a beta of 0.76. The stock’s 50 day moving average price is $40.70 and its 200 day moving average price is $38.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25.

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

Old Republic International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.16 annualized dividend and a yield of 2.8%. Old Republic International’s payout ratio is presently 39.73%.

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.