Versor Investments LP lowered its holdings in shares of Old Republic International Co. (NYSE:ORI - Free Report) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,200 shares of the insurance provider's stock after selling 22,100 shares during the quarter. Versor Investments LP's holdings in Old Republic International were worth $1,636,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its holdings in shares of Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Old Republic International during the third quarter valued at approximately $28,000. Core Alternative Capital bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $36,000. Synergy Asset Management LLC purchased a new position in shares of Old Republic International in the 4th quarter worth approximately $39,000. Finally, Crews Bank & Trust purchased a new position in shares of Old Republic International in the 4th quarter worth approximately $40,000. 70.92% of the stock is owned by hedge funds and other institutional investors.
Old Republic International Trading Up 0.4 %
Shares of ORI stock traded up $0.15 during trading hours on Monday, reaching $38.66. 1,411,398 shares of the stock were exchanged, compared to its average volume of 1,114,288. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 14.70 and a beta of 0.88. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27. The company's 50-day moving average price is $36.10 and its 200-day moving average price is $36.08. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.
Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current year.
Old Republic International Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a $0.29 dividend. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.00%. Old Republic International's dividend payout ratio (DPR) is presently 44.11%.
Insider Transactions at Old Republic International
In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the firm's stock in a transaction 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 transaction, the senior vice president now directly owns 34,679 shares in the company, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com lowered Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Check Out Our Latest 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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