Kiker Wealth Management LLC Purchases Shares of 40,664 Old Republic International Corporation $ORI

Kiker Wealth Management LLC purchased a new stake in shares of Old Republic International Corporation (NYSE:ORI) during the second quarter, Holdings Channel.com reports. The firm purchased 40,664 shares of the insurance provider’s stock, valued at approximately $1,563,000. Old Republic International accounts for approximately 0.9% of Kiker Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding.

Several other large investors have also made changes to their positions in ORI. HWG Holdings LP purchased a new stake in shares of Old Republic International in the 1st quarter valued at $25,000. Quarry LP boosted its holdings in shares of Old Republic International by 6,645.5% in the 1st quarter. Quarry LP now owns 742 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 731 shares during the last quarter. 1 North Wealth Services LLC purchased a new stake in shares of Old Republic International in the 1st quarter valued at $29,000. Alpine Bank Wealth Management purchased a new stake in shares of Old Republic International in the 1st quarter valued at $31,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Old Republic International in the 1st quarter valued at $34,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Stephen J. Oberst sold 4,797 shares of Old Republic International stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total value of $188,474.13. Following the completion of the transaction, the executive vice president owned 54,661 shares in the company, valued at $2,147,630.69. The trade was a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Therace Risch purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was purchased at an average price of $39.90 per share, with a total value of $59,850.00. Following the purchase, the director directly owned 9,625 shares of the company’s stock, valued at $384,037.50. The trade was a 18.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ORI shares. Piper Sandler upped their price objective on shares of Old Republic International from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Wall Street Zen downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $43.00 to $47.00 in a report on Monday, September 22nd. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the company 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 $42.97 on Tuesday. The firm has a 50-day simple moving average of $40.30 and a 200-day simple moving average of $38.41. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 14.72 and a beta of 0.76. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $44.00.

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

Old Republic International Announces Dividend

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

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.