Paradiem LLC Sells 18,977 Shares of Old Republic International Corporation (NYSE:ORI)

Paradiem LLC reduced its holdings in Old Republic International Corporation (NYSE:ORI - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,773 shares of the insurance provider's stock after selling 18,977 shares during the period. Old Republic International makes up 3.4% of Paradiem LLC's holdings, making the stock its 8th biggest position. Paradiem LLC owned 0.13% of Old Republic International worth $12,385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in Old Republic International in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Old Republic International in the 4th quarter worth approximately $34,000. Dunhill Financial LLC purchased a new position in shares of Old Republic International during the 1st quarter worth approximately $37,000. Whipplewood Advisors LLC acquired a new stake in Old Republic International in the 4th quarter valued at approximately $41,000. Finally, Millstone Evans Group LLC purchased a new stake in Old Republic International in the fourth quarter valued at approximately $41,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Old Republic International Stock Down 1.8%

ORI stock traded down $0.68 during mid-day trading on Wednesday, reaching $37.28. The company had a trading volume of 1,308,094 shares, compared to its average volume of 1,204,593. The firm has a fifty day simple moving average of $37.62 and a 200 day simple moving average of $37.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 15.15 and a beta of 0.74. Old Republic International Corporation has a fifty-two week low of $29.83 and a fifty-two week high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International's quarterly revenue was up 11.4% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 annualized dividend and a yield of 3.11%. Old Republic International's dividend payout ratio (DPR) is 47.15%.

Wall Street Analyst Weigh In

ORI has been the subject of a number of research reports. Wall Street Zen cut Old Republic International from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. 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, Piper Sandler set a $42.00 price target on shares of Old Republic International in a research report on Friday, April 25th.

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the transaction, the senior vice president now directly owns 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 filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

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.