Old Republic International Co. (NYSE:ORI) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in shares of Old Republic International Co. (NYSE:ORI) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,710 shares of the insurance provider’s stock after purchasing an additional 543 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Old Republic International were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of Old Republic International by 1,069.4% during the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock valued at $27,000 after buying an additional 909 shares during the last quarter. BKM Wealth Management LLC acquired a new position in Old Republic International during the 4th quarter worth $29,000. Naples Money Management LLC bought a new position in shares of Old Republic International in the fourth quarter worth $34,000. GAMMA Investing LLC acquired a new position in shares of Old Republic International during the fourth quarter valued at $34,000. Finally, Global Retirement Partners LLC raised its stake in shares of Old Republic International by 526.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 1,110 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Buying and Selling

In other news, Director Therace Risch purchased 6,086 shares of Old Republic International stock in a transaction that occurred on Tuesday, April 30th. The stock was acquired at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the transaction, the director now owns 6,086 shares in the company, valued at $181,180.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Old Republic International news, Director Therace Risch purchased 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average cost of $29.77 per share, with a total value of $181,180.22. Following the completion of the transaction, the director now owns 6,086 shares of the company’s stock, valued at $181,180.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas Dare sold 1,292 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $30.95, for a total value of $39,987.40. Following the sale, the vice president now owns 47,764 shares of the company’s stock, valued at $1,478,295.80. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Old Republic International Price Performance

Shares of NYSE ORI opened at $31.29 on Friday. Old Republic International Co. has a twelve month low of $24.17 and a twelve month high of $32.26. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $30.37 and a two-hundred day moving average of $29.40. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 12.17 and a beta of 0.81.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. As a group, analysts expect that Old Republic International Co. will post 2.73 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, June 4th will be given a $0.265 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.39%. Old Republic International’s dividend payout ratio (DPR) is 41.25%.

Analysts Set New Price Targets

Several research firms have commented on ORI. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Piper Sandler raised their price objective on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 1st.

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.