Arkadios Wealth Advisors Purchases 22,888 Shares of Old Republic International Corporation $ORI

Arkadios Wealth Advisors increased its position in Old Republic International Corporation (NYSE:ORI) by 220.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,288 shares of the insurance provider’s stock after acquiring an additional 22,888 shares during the quarter. Arkadios Wealth Advisors’ holdings in Old Republic International were worth $1,280,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas raised its holdings in Old Republic International by 4.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 238,847 shares of the insurance provider’s stock worth $9,181,000 after acquiring an additional 9,594 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Old Republic International during the second quarter worth $888,000. Transcend Capital Advisors LLC bought a new position in Old Republic International during the second quarter worth $277,000. Convergence Investment Partners LLC bought a new position in Old Republic International during the second quarter worth $2,033,000. Finally, Envestnet Asset Management Inc. increased its position in Old Republic International by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 246,045 shares of the insurance provider’s stock worth $9,458,000 after acquiring an additional 1,211 shares during the period. Institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling at Old Republic International

In other news, Director Therace Risch bought 1,500 shares of Old Republic International stock in a transaction dated Tuesday, September 2nd. The shares were bought at an average price of $39.90 per share, for a total transaction of $59,850.00. Following the purchase, the director owned 9,625 shares of the company’s stock, valued at approximately $384,037.50. This trade represents a 18.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen J. Oberst sold 4,797 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the completion of the sale, the executive vice president owned 54,661 shares in the company, valued at $2,147,630.69. This represents a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.

Old Republic International Price Performance

Shares of Old Republic International stock opened at $39.47 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.64. The firm’s 50-day simple moving average is $41.04 and its 200-day simple moving average is $38.76. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $44.00. The firm has a market cap of $9.81 billion, a P/E ratio of 13.20 and a beta of 0.76.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, October 23rd. The insurance provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.38. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.28 billion. As a group, research analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, September 5th. Old Republic International’s payout ratio is currently 38.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $43.00 to $47.00 in a research report on Monday, September 22nd. Wall Street Zen lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Piper Sandler dropped their target price on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, Weiss Ratings reaffirmed 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 issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and an average price target of $46.50.

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.