Machina Capital S.A.S. Acquires Shares of 11,830 Old Republic International Corporation (NYSE:ORI)

Machina Capital S.A.S. acquired a new position in Old Republic International Corporation (NYSE:ORI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,830 shares of the insurance provider's stock, valued at approximately $464,000.

Other large investors have also recently bought and sold shares of the company. HWG Holdings LP acquired a new position in Old Republic International during the 1st quarter valued at $25,000. Alpine Bank Wealth Management acquired a new position in Old Republic International during the 1st quarter valued at $31,000. Wayfinding Financial LLC acquired a new position in Old Republic International during the 1st quarter valued at $34,000. Transce3nd LLC acquired a new position in Old Republic International during the 4th quarter valued at $41,000. Finally, Huntington National Bank raised its stake in Old Republic International by 34.8% during the 4th quarter. Huntington National Bank now owns 1,737 shares of the insurance provider's stock valued at $63,000 after purchasing an additional 448 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Price Performance

Shares of ORI stock traded up $0.10 during mid-day 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. Old Republic International Corporation has a 1-year low of $32.93 and a 1-year high of $39.84. The company has a market cap of $8.86 billion, a P/E 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. The firm's 50-day moving average is $37.42 and its two-hundred day moving average is $37.17.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $2.18 billion. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. The business's quarterly revenue was up 10.1% on a year-over-year basis. On average, research analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is currently 47.15%.

Analyst Upgrades and Downgrades

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

Insider Activity

In related 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 transaction 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 trade represents a 22.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

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.