Entropy Technologies LP bought a new position in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 74,673 shares of the insurance provider's stock, valued at approximately $2,702,000.
Other large investors also recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock worth $26,000 after buying an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Old Republic International during the 3rd quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in shares of Old Republic International during the 3rd quarter worth approximately $31,000. Synergy Asset Management LLC acquired a new stake in shares of Old Republic International in the fourth quarter valued at approximately $39,000. Finally, Crews Bank & Trust bought a new stake in shares of Old Republic International in the fourth quarter worth $40,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Old Republic International
In other Old Republic International news, SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at $1,219,760.60. This represents a 21.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the sale, the senior vice president now directly owns 34,679 shares in the company, valued at $1,267,864.24. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
Old Republic International Stock Performance
Shares of ORI traded down $0.31 during mid-day trading on Wednesday, reaching $35.88. The company's stock had a trading volume of 884,934 shares, compared to its average volume of 1,134,780. Old Republic International Co. has a 1-year low of $28.20 and a 1-year high of $39.27. The business has a 50-day simple moving average of $36.09 and a two-hundred day simple moving average of $35.82. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $9.10 billion, a P/E ratio of 13.64 and a beta of 0.88.
Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, equities research analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.
Old Republic International Dividend Announcement
The company also recently announced a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International's payout ratio is 40.30%.
Analyst Upgrades and Downgrades
ORI has been the subject of several analyst reports. StockNews.com cut Old Republic International from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 1st. Piper Sandler increased their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, October 21st.
Read Our Latest Stock Analysis on ORI
Old Republic International Profile
(
Free Report)
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.
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