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

Orca Wealth Management LLC acquired a new stake in Old Republic International Co. (NYSE:ORI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 143,936 shares of the insurance provider's stock, valued at approximately $5,209,000. Old Republic International accounts for 4.7% of Orca Wealth Management LLC's investment portfolio, making the stock its 2nd largest position. Orca Wealth Management LLC owned about 0.06% of Old Republic International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ORI. KBC Group NV grew its holdings in Old Republic International by 39.8% during the 4th quarter. KBC Group NV now owns 9,228 shares of the insurance provider's stock worth $334,000 after acquiring an additional 2,627 shares during the period. Blue Trust Inc. grew its stake in shares of Old Republic International by 56.3% in the 4th quarter. Blue Trust Inc. now owns 6,860 shares of the insurance provider's stock valued at $243,000 after buying an additional 2,470 shares during the period. First Citizens Bank & Trust Co. grew its stake in shares of Old Republic International by 16.3% in the 4th quarter. First Citizens Bank & Trust Co. now owns 8,450 shares of the insurance provider's stock valued at $306,000 after buying an additional 1,182 shares during the period. Cyndeo Wealth Partners LLC grew its stake in shares of Old Republic International by 4.0% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 191,059 shares of the insurance provider's stock valued at $6,914,000 after buying an additional 7,278 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of Old Republic International by 3.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,644 shares of the insurance provider's stock valued at $783,000 after buying an additional 729 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Performance

Old Republic International stock traded up $0.13 during trading on Wednesday, hitting $36.81. The stock had a trading volume of 755,588 shares, compared to its average volume of 1,280,944. Old Republic International Co. has a 1 year low of $27.19 and a 1 year high of $39.27. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The stock's 50 day moving average is $36.50 and its two-hundred day moving average is $35.54. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 12.69 and a beta of 0.88.

Old Republic International (NYSE:ORI - Get Free Report) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, analysts predict that Old Republic International Co. will post 2.73 EPS for the current year.

Old Republic International Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International's dividend payout ratio is presently 36.55%.

Analyst Upgrades and Downgrades

ORI has been the topic of several recent research reports. StockNews.com raised shares of Old Republic International from a "buy" rating to a "strong-buy" rating in a research report on Friday, January 24th. Piper Sandler raised their price target 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 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.