Envestnet Asset Management Inc. Has $9.60 Million Position in Old Republic International Corporation (NYSE:ORI)

Envestnet Asset Management Inc. lifted its stake in shares of Old Republic International Corporation (NYSE:ORI - Free Report) by 11.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 244,834 shares of the insurance provider's stock after acquiring an additional 25,450 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Old Republic International worth $9,602,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Old Republic International by 4.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 590,079 shares of the insurance provider's stock valued at $23,143,000 after acquiring an additional 23,775 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Old Republic International by 304.7% during the 1st quarter. Farther Finance Advisors LLC now owns 15,319 shares of the insurance provider's stock valued at $607,000 after acquiring an additional 11,534 shares during the period. GAMMA Investing LLC lifted its position in shares of Old Republic International by 4,738.8% during the 1st quarter. GAMMA Investing LLC now owns 216,730 shares of the insurance provider's stock valued at $8,500,000 after acquiring an additional 212,251 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Old Republic International by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider's stock valued at $114,453,000 after acquiring an additional 100,264 shares during the period. Finally, Merit Financial Group LLC raised its holdings in Old Republic International by 336.1% during the first quarter. Merit Financial Group LLC now owns 24,982 shares of the insurance provider's stock worth $980,000 after buying an additional 19,254 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Analyst Upgrades and Downgrades

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

Old Republic International Stock Performance

ORI opened at $36.79 on Monday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.27. The company's fifty day moving average price is $37.53 and its two-hundred day moving average price is $37.15. Old Republic International Corporation has a 1-year low of $31.82 and a 1-year high of $39.84. The company has a market cap of $9.09 billion, a price-to-earnings ratio of 14.96 and a beta of 0.73.

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

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, June 6th were issued a $0.29 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.16 annualized dividend and a dividend yield of 3.15%. Old Republic International's dividend payout ratio is currently 47.15%.

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the sale, the senior vice president 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

About Old Republic International

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.

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