Old Republic International Target of Unusually High Options Trading (NYSE:ORI)

Old Republic International Co. (NYSE:ORI - Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock traders bought 2,161 put options on the company. This represents an increase of 1,276% compared to the typical daily volume of 157 put options.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their target price on shares of Old Republic International from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ORI. Vanguard Group Inc. increased its stake in Old Republic International by 6.3% in the 1st quarter. Vanguard Group Inc. now owns 28,156,630 shares of the insurance provider's stock valued at $864,972,000 after buying an additional 1,661,147 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Old Republic International by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,542,836 shares of the insurance provider's stock worth $233,073,000 after purchasing an additional 532,251 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Old Republic International during the 2nd quarter worth $10,641,000. Point72 Asset Management L.P. acquired a new position in shares of Old Republic International during the 2nd quarter worth $7,186,000. Finally, LSV Asset Management increased its stake in shares of Old Republic International by 14.4% during the 2nd quarter. LSV Asset Management now owns 1,838,307 shares of the insurance provider's stock worth $56,804,000 after purchasing an additional 231,600 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

Old Republic International Trading Down 0.5 %

Shares of ORI stock traded down $0.19 during trading hours on Tuesday, reaching $35.77. 882,222 shares of the stock traded hands, compared to its average volume of 1,445,448. Old Republic International has a 1-year low of $26.40 and a 1-year high of $36.50. The business has a fifty day moving average price of $35.28 and a 200 day moving average price of $32.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $9.72 billion, a PE ratio of 13.99 and a beta of 0.84.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.15. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. On average, equities research analysts forecast that Old Republic International will post 2.83 EPS for the current year.

Old Republic International Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, September 6th were issued a dividend of $1.06 per share. The ex-dividend date was Friday, September 6th. This represents a dividend yield of 3.05%. Old Republic International's dividend payout ratio 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.