Entropy Technologies LP Has $825,000 Holdings in Old Republic International Corporation (NYSE:ORI)

Key Points

• Entropy Technologies LP reduced its stake in Old Republic International by 71.8%, selling 53,637 shares in the first quarter, leaving it with 21,036 shares worth $825,000.
• Several institutional investors, including Invesco Ltd. and Atlas Capital Advisors Inc., increased their holdings in Old Republic International during the same period, reflecting a mixed sentiment among investors.
• Old Republic International reported a net margin of 10.31% and earnings of $0.83 per share in its most recent quarterly results, surpassing analysts' expectations.

Entropy Technologies LP cut its position in Old Republic International Corporation (NYSE:ORI - Free Report) by 71.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,036 shares of the insurance provider's stock after selling 53,637 shares during the quarter. Entropy Technologies LP's holdings in Old Republic International were worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ORI. HWG Holdings LP bought a new position in shares of Old Republic International in the 1st quarter worth about $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Old Republic International in the 1st quarter worth about $31,000. Wayfinding Financial LLC acquired a new stake in shares of Old Republic International in the 1st quarter worth about $34,000. N.E.W. Advisory Services LLC acquired a new position in Old Republic International during the 1st quarter valued at about $35,000. Finally, Meeder Asset Management Inc. acquired a new position in Old Republic International during the 1st quarter valued at about $36,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 6,849 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $36.52, for a total value of $250,125.48. Following the sale, the senior vice president directly owned 35,755 shares of the company's stock, valued at approximately $1,305,772.60. This trade represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Old Republic International Stock Down 0.1%

NYSE ORI traded down $0.05 during trading on Friday, reaching $38.66. The company's stock had a trading volume of 2,011,883 shares, compared to its average volume of 1,328,602. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $9.61 billion, a PE ratio of 13.24 and a beta of 0.74. The business has a 50-day moving average price of $37.17 and a 200-day moving average price of $37.34. Old Republic International Corporation has a 1-year low of $33.00 and a 1-year high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last posted its earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. On average, research analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.0%. Old Republic International's payout ratio is 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.