Natixis Advisors LLC Has $2.75 Million Stake in Old Republic International Corporation (NYSE:ORI)

Key Points

• Natixis Advisors LLC increased its stake in Old Republic International by 28% in Q1, acquiring 15,339 additional shares, now holding a total of 70,188 shares valued at approximately $2.75 million.
• Old Republic International reported earnings per share of $0.83 for the last quarter, surpassing analysts' estimates of $0.79, with revenues up 10.1% year-over-year.
• The company recently declared a quarterly dividend of $0.29 per share, providing a yield of 3.1%, with a dividend payout ratio of 39.73%.

Natixis Advisors LLC grew its holdings in Old Republic International Corporation (NYSE:ORI - Free Report) by 28.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,188 shares of the insurance provider's stock after purchasing an additional 15,339 shares during the period. Natixis Advisors LLC's holdings in Old Republic International were worth $2,753,000 at the end of the most recent quarter.

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

Old Republic International Stock Performance

Shares of ORI traded up $0.23 during midday trading on Tuesday, reaching $37.72. 190,864 shares of the stock were exchanged, compared to its average volume of 1,320,844. Old Republic International Corporation has a twelve month low of $33.00 and a twelve month high of $39.84. The stock's 50 day simple moving average is $37.12 and its 200 day simple moving average is $37.31. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26. The company has a market cap of $9.37 billion, a P/E ratio of 12.92 and a beta of 0.74.

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

Old Republic International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 annualized dividend and a yield of 3.1%. Old Republic International's payout ratio is presently 39.73%.

Wall Street Analysts Forecast Growth

ORI has been the subject of a number of research analyst reports. Raymond James Financial set a $42.00 price objective on shares of Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen cut shares of Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Piper Sandler dropped their target price on Old Republic International from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, July 25th.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 6,849 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $36.52, for a total transaction of $250,125.48. Following the completion of the transaction, the senior vice president owned 35,755 shares of the company's stock, valued at approximately $1,305,772.60. The trade was a 16.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

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.