Sequoia Financial Advisors LLC Sells 18,038 Shares of Old Republic International Corporation $ORI

Sequoia Financial Advisors LLC trimmed its stake in Old Republic International Corporation (NYSE:ORI) by 55.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,488 shares of the insurance provider’s stock after selling 18,038 shares during the period. Sequoia Financial Advisors LLC’s holdings in Old Republic International were worth $578,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC lifted its holdings in shares of Old Republic International by 49.7% during the first quarter. Kestra Advisory Services LLC now owns 17,312 shares of the insurance provider’s stock worth $691,000 after buying an additional 5,748 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Old Republic International by 3.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 46,709 shares of the insurance provider’s stock worth $1,864,000 after buying an additional 1,400 shares in the last quarter. Childress Capital Advisors LLC lifted its holdings in shares of Old Republic International by 7.7% during the first quarter. Childress Capital Advisors LLC now owns 12,511 shares of the insurance provider’s stock valued at $499,000 after acquiring an additional 897 shares during the period. Kathmere Capital Management LLC bought a new position in Old Republic International during the 1st quarter valued at about $218,000. Finally, Bogart Wealth LLC raised its stake in shares of Old Republic International by 2.6% in the first quarter. Bogart Wealth LLC now owns 205,457 shares of the insurance provider’s stock valued at $8,198,000 after acquiring an additional 5,155 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Down 0.1%

NYSE ORI opened at $42.21 on Tuesday. The stock has a 50 day moving average of $39.65 and a 200-day moving average of $40.60. Old Republic International Corporation has a 12 month low of $35.60 and a 12 month high of $46.76. The company has a market cap of $10.25 billion, a PE ratio of 11.32 and a beta of 0.58. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.27.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, June 5th. Old Republic International’s payout ratio is 33.78%.

Insider Activity at Old Republic International

In related news, SVP Carolyn Monroe sold 13,330 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the transaction, the senior vice president owned 32,261 shares in the company, valued at approximately $1,250,436.36. This represents a 29.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Piper Sandler lifted their price target on Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Zacks Research raised Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Old Republic International in a research report on Wednesday, July 8th. Finally, Raymond James Financial set a $44.00 target price on Old Republic International in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Old Republic International 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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.