GSA Capital Partners LLP Trims Stake in Old Republic International Co. (NYSE:ORI)

GSA Capital Partners LLP cut its holdings in Old Republic International Co. (NYSE:ORI - Free Report) by 58.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,800 shares of the insurance provider's stock after selling 24,573 shares during the quarter. GSA Capital Partners LLP's holdings in Old Republic International were worth $547,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORI. Norges Bank acquired a new position in Old Republic International during the 4th quarter worth approximately $89,446,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Old Republic International by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,817,104 shares of the insurance provider's stock valued at $53,423,000 after purchasing an additional 32,917 shares in the last quarter. LSV Asset Management grew its holdings in shares of Old Republic International by 6.9% during the fourth quarter. LSV Asset Management now owns 1,632,300 shares of the insurance provider's stock worth $47,990,000 after purchasing an additional 105,310 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of Old Republic International by 174.1% in the fourth quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider's stock valued at $40,590,000 after buying an additional 876,872 shares during the period. Finally, M&T Bank Corp raised its holdings in Old Republic International by 1.0% in the 4th quarter. M&T Bank Corp now owns 1,168,026 shares of the insurance provider's stock valued at $34,339,000 after buying an additional 11,826 shares during the last quarter. Institutional investors own 70.92% of the company's stock.

Old Republic International Trading Up 0.9 %

ORI traded up $0.27 during trading on Monday, hitting $31.55. The company's stock had a trading volume of 1,416,872 shares, compared to its average volume of 1,620,236. The firm has a market capitalization of $8.58 billion, a P/E ratio of 12.29 and a beta of 0.83. Old Republic International Co. has a twelve month low of $25.32 and a twelve month high of $32.26. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.31. The stock's fifty day moving average price is $30.89 and its 200-day moving average price is $29.90.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.01. The business had revenue of $1.85 billion during 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%. Analysts anticipate that Old Republic International Co. will post 2.7 EPS for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Tuesday, June 4th. Old Republic International's dividend payout ratio (DPR) is presently 41.25%.

Wall Street Analysts Forecast Growth

ORI has been the topic of several analyst reports. 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 boosted their price target on shares of Old Republic International from $32.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 1st.

Insider Activity

In related news, SVP Carolyn Monroe sold 4,503 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $31.28, for a total value of $140,853.84. Following the completion of the sale, the senior vice president now directly owns 33,556 shares of the company's stock, valued at approximately $1,049,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Old Republic International news, SVP Carolyn Monroe sold 4,503 shares of the company's stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $31.28, for a total value of $140,853.84. Following the completion of the sale, the senior vice president now directly owns 33,556 shares of the company's stock, valued at approximately $1,049,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Therace Risch bought 6,086 shares of the company's stock in a transaction on Tuesday, April 30th. The shares were purchased at an average cost 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 disclosure for this purchase can be found here. Insiders have sold 9,172 shares of company stock worth $282,286 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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.