Old Republic International Corporation (NYSE:ORI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Old Republic International Corporation (NYSE:ORI - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,972,832 shares of the insurance provider's stock after selling 55,090 shares during the quarter. Victory Capital Management Inc. owned about 4.03% of Old Republic International worth $391,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HWG Holdings LP purchased a new stake in Old Republic International in the 1st quarter valued at $25,000. Alpine Bank Wealth Management purchased a new position in Old Republic International during the 1st quarter worth $31,000. Wayfinding Financial LLC purchased a new position in Old Republic International during the 1st quarter worth $34,000. Transce3nd LLC purchased a new position in Old Republic International during the 4th quarter worth $41,000. Finally, Millstone Evans Group LLC purchased a new position in Old Republic International during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 70.92% of the company's stock.

Analyst Upgrades and Downgrades

ORI has been the subject of a number of analyst reports. Piper Sandler set a $42.00 price objective on shares of Old Republic International in a research report on Friday, April 25th. Raymond James Financial set a $42.00 price target on shares of Old Republic International and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, 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.

Insider Buying and Selling

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 value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Old Republic International Price Performance

Shares of NYSE:ORI traded up $0.04 on Friday, reaching $36.79. 386,094 shares of the company were exchanged, compared to its average volume of 1,218,879. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a 1-year low of $31.78 and a 1-year high of $39.84. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 14.97 and a beta of 0.73. The company has a 50-day moving average of $37.55 and a 200-day moving average of $37.13.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.03 billion. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. Equities 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were paid a $0.29 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a yield of 3.15%. Old Republic International's payout ratio is 47.15%.

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.