Choreo LLC Buys 29,572 Shares of Old Republic International Corporation (NYSE:ORI)

Choreo LLC raised its holdings in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 447.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,185 shares of the insurance provider's stock after buying an additional 29,572 shares during the period. Choreo LLC's holdings in Old Republic International were worth $1,419,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ORI. Norges Bank acquired a new stake in shares of Old Republic International during the fourth quarter worth $105,581,000. Invesco Ltd. boosted its holdings in shares of Old Republic International by 26.4% in the fourth quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock worth $85,044,000 after buying an additional 490,788 shares during the period. GW&K Investment Management LLC increased its position in shares of Old Republic International by 44.4% in the first quarter. GW&K Investment Management LLC now owns 1,436,051 shares of the insurance provider's stock worth $56,322,000 after acquiring an additional 441,799 shares in the last quarter. Northern Trust Corp grew its stake in Old Republic International by 14.4% during the 4th quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider's stock valued at $114,940,000 after acquiring an additional 400,384 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Old Republic International by 93.8% in the 4th quarter. Millennium Management LLC now owns 823,500 shares of the insurance provider's stock valued at $29,802,000 after buying an additional 398,531 shares during the period. Institutional investors and hedge funds own 70.92% of the company's stock.

Insider Activity

In other Old Republic International news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the transaction, the senior vice president directly owned 35,755 shares in the company, valued at $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Old Republic International Stock Performance

Shares of Old Republic International stock traded up $0.10 during trading on Friday, reaching $35.84. The company's stock had a trading volume of 1,994,775 shares, compared to its average volume of 1,592,913. The business's fifty day moving average price is $37.42 and its 200-day moving average price is $37.17. Old Republic International Corporation has a one year low of $32.93 and a one year high of $39.84. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 12.27 and a beta of 0.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.24 and a current ratio of 0.63.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. The firm's revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's payout ratio is 47.15%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ORI. Piper Sandler dropped their price target on shares of Old Republic International from $42.00 to $41.00 and set an "overweight" rating on the stock in a research note on Friday. Raymond James Financial set a $42.00 price target on shares of Old Republic International and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Wall Street Zen downgraded Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th.

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.