Atomi Financial Group Inc. Takes $204,000 Position in Old Republic International Co. (NYSE:ORI)

Atomi Financial Group Inc. acquired a new stake in shares of Old Republic International Co. (NYSE:ORI) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,600 shares of the insurance provider’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Catalyst Financial Partners LLC bought a new position in shares of Old Republic International during the 2nd quarter valued at $2,057,000. Raymond James Trust N.A. grew its holdings in shares of Old Republic International by 16.5% during the 2nd quarter. Raymond James Trust N.A. now owns 24,387 shares of the insurance provider’s stock valued at $754,000 after purchasing an additional 3,455 shares during the last quarter. Everhart Financial Group Inc. grew its holdings in shares of Old Republic International by 17.8% during the 2nd quarter. Everhart Financial Group Inc. now owns 13,697 shares of the insurance provider’s stock valued at $423,000 after purchasing an additional 2,073 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of Old Republic International during the 2nd quarter valued at $279,000. Finally, Pallas Capital Advisors LLC bought a new position in shares of Old Republic International during the 2nd quarter valued at $230,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Insider Activity

In other news, SVP Carolyn Monroe sold 4,503 shares of Old Republic International stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $31.28, for a total transaction of $140,853.84. Following the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,049,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Old Republic International Price Performance

Shares of Old Republic International stock opened at $35.67 on Friday. The firm has a market cap of $9.70 billion, a PE ratio of 13.88 and a beta of 0.83. Old Republic International Co. has a 12-month low of $26.08 and a 12-month high of $35.74. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $32.79 and its two-hundred day simple moving average is $31.03.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.15. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. During the same quarter last year, the firm earned $0.62 EPS. As a group, equities analysts expect that Old Republic International Co. will post 2.83 EPS for the current year.

Old Republic International Announces Dividend

The business also recently announced an annual dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, September 6th will be paid a dividend of $1.06 per share. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend is Thursday, September 5th. Old Republic International’s payout ratio is 41.25%.

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.