Old Republic International Co. (NYSE:ORI) Short Interest Update

Old Republic International Co. (NYSE:ORI - Get Free Report) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 2,970,000 shares, a growth of 16.5% from the November 15th total of 2,550,000 shares. Approximately 1.3% of the company's shares are sold short. Based on an average trading volume of 1,130,000 shares, the short-interest ratio is currently 2.6 days.

Institutional Trading of Old Republic International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock worth $26,000 after buying an additional 450 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International during the 3rd quarter worth about $28,000. Innealta Capital LLC acquired a new stake in Old Republic International during the 2nd quarter worth about $30,000. V Square Quantitative Management LLC acquired a new stake in Old Republic International during the 3rd quarter worth about $31,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Old Republic International in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 70.92% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their target price on shares of Old Republic International from $36.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st.

Old Republic International Price Performance

ORI stock traded up $0.58 during trading on Friday, hitting $36.79. The company had a trading volume of 1,219,966 shares, compared to its average volume of 1,390,231. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 12.69 and a beta of 0.86. The business has a 50 day moving average of $36.65 and a 200 day moving average of $34.37. Old Republic International has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be issued a dividend of $2.00 per share. The ex-dividend date is Friday, January 3rd. Old Republic International's payout ratio is presently 36.55%.

Old Republic International Company 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.