Orca Wealth Management LLC Makes New $5.21 Million Investment in Old Republic International Co. (NYSE:ORI)

Orca Wealth Management LLC bought a new position in shares of Old Republic International Co. (NYSE:ORI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 143,936 shares of the insurance provider’s stock, valued at approximately $5,209,000. Old Republic International comprises about 4.7% of Orca Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Orca Wealth Management LLC owned approximately 0.06% of Old Republic International at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ORI. Atomi Financial Group Inc. boosted its holdings in Old Republic International by 4.1% during the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after buying an additional 302 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Old Republic International by 0.4% during the third quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock worth $2,965,000 after buying an additional 315 shares in the last quarter. UMB Bank n.a. boosted its holdings in Old Republic International by 2.4% during the fourth quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider’s stock worth $624,000 after buying an additional 408 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Old Republic International by 1.8% during the third quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock worth $879,000 after buying an additional 429 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after buying an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ORI shares. StockNews.com upgraded shares of Old Republic International from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 24th. Piper Sandler increased their target price on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, October 21st.

Old Republic International Stock Performance

Shares of Old Republic International stock opened at $36.69 on Wednesday. The firm’s fifty day simple moving average is $36.52 and its 200-day simple moving average is $35.53. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 12.65 and a beta of 0.88. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 11.48% and a return on equity of 19.11%. As a group, equities analysts forecast that Old Republic International Co. will post 2.73 earnings per share for the current year.

Old Republic International Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio is currently 36.55%.

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.