Coldstream Capital Management Inc. Has $550,000 Holdings in Old Republic International Co. (NYSE:ORI)

Coldstream Capital Management Inc. boosted its position in Old Republic International Co. (NYSE:ORI) by 3.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,710 shares of the insurance provider’s stock after purchasing an additional 543 shares during the period. Coldstream Capital Management Inc.’s holdings in Old Republic International were worth $550,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position in shares of Old Republic International by 195.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 34,851 shares of the insurance provider’s stock worth $939,000 after buying an additional 23,040 shares during the period. Fifth Third Bancorp grew its holdings in Old Republic International by 26.6% in the third quarter. Fifth Third Bancorp now owns 2,277 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 479 shares during the period. Allworth Financial LP grew its holdings in Old Republic International by 1,069.4% in the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 909 shares during the period. California Public Employees Retirement System increased its stake in Old Republic International by 6.0% in the third quarter. California Public Employees Retirement System now owns 503,745 shares of the insurance provider’s stock valued at $13,571,000 after purchasing an additional 28,647 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Old Republic International by 13.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,210 shares of the insurance provider’s stock valued at $113,000 after purchasing an additional 500 shares during the period. Institutional investors own 70.92% of the company’s stock.

Insider Activity at Old Republic International

In related news, VP Thomas Dare sold 1,292 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $30.95, for a total transaction of $39,987.40. Following the transaction, the vice president now directly owns 47,764 shares of the company’s stock, valued at $1,478,295.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Carolyn Monroe sold 3,377 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total transaction of $101,445.08. Following the completion of the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,008,022.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas Dare sold 1,292 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $30.95, for a total transaction of $39,987.40. Following the completion of the transaction, the vice president now directly owns 47,764 shares in the company, valued at $1,478,295.80. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Old Republic International Stock Down 1.6 %

Old Republic International stock opened at $31.29 on Friday. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 12.17 and a beta of 0.81. The firm’s fifty day moving average price is $30.37 and its two-hundred day moving average price is $29.40. Old Republic International Co. has a 1-year low of $24.17 and a 1-year 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.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. On average, equities research analysts predict that Old Republic International Co. will post 2.73 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

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 issued a dividend of $0.265 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.06 annualized dividend and a yield of 3.39%. Old Republic International’s dividend payout ratio (DPR) is currently 41.25%.

About Old Republic International

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.