Old Republic International Corporation (NYSE:ORI) Stake Reduced by Paradiem LLC

Paradiem LLC lowered its position in Old Republic International Corporation (NYSE:ORI - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 315,773 shares of the insurance provider's stock after selling 18,977 shares during the quarter. Old Republic International makes up about 3.4% of Paradiem LLC's portfolio, making the stock its 8th biggest position. Paradiem LLC owned approximately 0.13% of Old Republic International worth $12,385,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ORI. Parallel Advisors LLC boosted its position in Old Republic International by 1.6% during the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock valued at $683,000 after acquiring an additional 290 shares in the last quarter. Ironwood Investment Management LLC raised its position in shares of Old Republic International by 1.3% in the 4th quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock worth $850,000 after acquiring an additional 301 shares in the last quarter. SPC Financial Inc. lifted its stake in shares of Old Republic International by 1.8% during the 4th quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider's stock worth $652,000 after purchasing an additional 312 shares during the last quarter. Summit Financial LLC boosted its position in Old Republic International by 6.1% during the fourth quarter. Summit Financial LLC now owns 6,017 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 347 shares in the last quarter. Finally, Penbrook Management LLC boosted its position in Old Republic International by 5.0% during the first quarter. Penbrook Management LLC now owns 8,480 shares of the insurance provider's stock valued at $333,000 after purchasing an additional 400 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

ORI stock traded up $0.89 during midday trading on Monday, hitting $38.20. 1,351,569 shares of the stock traded hands, compared to its average volume of 1,204,498. Old Republic International Corporation has a 1-year low of $29.83 and a 1-year high of $39.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.24 and a quick ratio of 0.24. The stock's fifty day simple moving average is $37.62 and its 200-day simple moving average is $36.99. The firm has a market cap of $9.44 billion, a P/E ratio of 15.53 and a beta of 0.74.

Old Republic International (NYSE:ORI - Get Free Report) last posted its earnings results on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.03 billion. Old Republic International had a return on equity of 20.99% and a net margin of 9.37%. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, June 6th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio (DPR) is presently 47.15%.

Analyst Ratings Changes

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

Insider Transactions 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 now directly owns 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company's stock.

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.