Edgestream Partners L.P. Boosts Holdings in Old Republic International Corporation (NYSE:ORI)

Edgestream Partners L.P. raised its stake in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 28.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,960 shares of the insurance provider's stock after purchasing an additional 49,268 shares during the quarter. Edgestream Partners L.P. owned about 0.09% of Old Republic International worth $8,627,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ORI. Norges Bank acquired a new position in Old Republic International during the 4th quarter valued at approximately $105,581,000. Invesco Ltd. boosted its holdings in shares of Old Republic International by 26.4% in the 4th quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock valued at $85,044,000 after acquiring an additional 490,788 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Old Republic International by 14.4% in 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 during the last quarter. Millennium Management LLC boosted its holdings in shares of 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 acquiring an additional 398,531 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in shares of Old Republic International by 136.5% in the 4th quarter. Voloridge Investment Management LLC now owns 490,263 shares of the insurance provider's stock valued at $17,743,000 after acquiring an additional 282,963 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Stock Performance

NYSE ORI traded up $0.03 during mid-day trading on Thursday, reaching $36.75. 1,573,962 shares of the stock were exchanged, compared to its average volume of 1,222,043. The business's 50 day moving average is $37.55 and its 200-day moving average is $37.13. Old Republic International Corporation has a 1 year low of $31.78 and a 1 year high of $39.84. The company has a market capitalization of $9.08 billion, a P/E ratio of 14.94 and a beta of 0.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.24 and a current ratio of 0.24.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities research analysts forecast that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors 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 3.16%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ORI shares. Piper Sandler set a $42.00 price objective on shares of Old Republic International in a report on Friday, April 25th. Raymond James Financial set a $42.00 price objective on shares of Old Republic International and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Wall Street Zen downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the sale, the senior vice president directly owned 35,755 shares of the company's stock, valued at approximately $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company's stock.

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.