Lecap Asset Management Ltd. purchased a new stake in shares of Old Republic International Co. (NYSE:ORI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,843 shares of the insurance provider's stock, valued at approximately $284,000.
Several other large investors have also added to or reduced their stakes in ORI. GAMMA Investing LLC grew its stake in Old Republic International by 36.4% during the 3rd quarter. GAMMA Investing LLC now owns 3,818 shares of the insurance provider's stock valued at $135,000 after purchasing an additional 1,019 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Old Republic International during the 3rd quarter valued at about $202,000. Atomi Financial Group Inc. lifted its holdings in shares of Old Republic International by 12.3% in the 3rd quarter. Atomi Financial Group Inc. now owns 7,412 shares of the insurance provider's stock valued at $263,000 after buying an additional 812 shares during the period. Brookstone Capital Management acquired a new position in shares of Old Republic International in the 3rd quarter valued at about $239,000. Finally, Sanibel Captiva Trust Company Inc. acquired a new position in shares of Old Republic International in the 3rd quarter valued at about $284,000. Hedge funds and other institutional investors own 70.92% of the company's stock.
Old Republic International Stock Performance
Shares of ORI stock traded down $0.31 on Wednesday, hitting $35.88. The company had a trading volume of 884,934 shares, compared to its average volume of 1,134,780. The firm has a market cap of $9.10 billion, a P/E ratio of 13.64 and a beta of 0.88. Old Republic International Co. has a twelve month low of $28.20 and a twelve month high of $39.27. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $36.09 and a 200-day moving average price of $35.82.
Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. As a group, equities research analysts predict 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 disclosed a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a dividend of $2.00 per share. The ex-dividend date was Friday, January 3rd. Old Republic International's dividend payout ratio (DPR) is currently 40.30%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on ORI shares. StockNews.com cut Old Republic International from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 1st. Piper Sandler boosted their price objective on Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, October 21st.
Check Out Our Latest Report on ORI
Insiders Place Their Bets
In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the sale, the senior vice president now directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the sale, the senior vice president now owns 33,556 shares of the company's stock, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
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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