Atria Wealth Solutions Inc. Boosts Stake in Old Republic International Corporation (NYSE:ORI)

Atria Wealth Solutions Inc. boosted its stake in Old Republic International Corporation (NYSE:ORI) by 3.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,047 shares of the insurance provider’s stock after buying an additional 314 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Old Republic International were worth $355,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northern Trust Corp lifted its stake in Old Republic International by 14.4% in the 4th quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider’s stock valued at $114,940,000 after buying an additional 400,384 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Old Republic International by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider’s stock valued at $114,453,000 after buying an additional 100,264 shares in the last quarter. AQR Capital Management LLC lifted its stake in Old Republic International by 2.7% in the 4th quarter. AQR Capital Management LLC now owns 1,885,011 shares of the insurance provider’s stock valued at $68,219,000 after buying an additional 49,160 shares in the last quarter. LSV Asset Management lifted its stake in shares of Old Republic International by 12.9% during the 1st quarter. LSV Asset Management now owns 1,880,341 shares of the insurance provider’s stock worth $73,747,000 after purchasing an additional 214,634 shares during the period. Finally, GW&K Investment Management LLC lifted its stake in shares of Old Republic International by 44.4% during the 1st quarter. GW&K Investment Management LLC now owns 1,436,051 shares of the insurance provider’s stock worth $56,322,000 after purchasing an additional 441,799 shares during the period. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Up 0.1%

Shares of Old Republic International stock opened at $38.72 on Friday. Old Republic International Corporation has a fifty-two week low of $33.00 and a fifty-two week high of $39.84. The firm has a market cap of $9.62 billion, a PE ratio of 13.26 and a beta of 0.74. The business’s fifty day moving average is $37.17 and its two-hundred day moving average is $37.34. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International’s dividend payout ratio (DPR) is 39.73%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ORI. Raymond James Financial set a $42.00 price target on Old Republic International and gave the stock an “outperform” rating in a research note on Monday, April 28th. Piper Sandler reduced their price target on Old Republic International from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, July 25th. Finally, Wall Street Zen lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 6,849 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $36.52, for a total value of $250,125.48. Following the transaction, the senior vice president directly owned 35,755 shares of the company’s stock, valued at approximately $1,305,772.60. This trade represents a 16.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.