Versor Investments LP Purchases 14,235 Shares of Old Republic International Corporation $ORI

Versor Investments LP lifted its position in Old Republic International Corporation (NYSE:ORI) by 230.7% during the third quarter, Holdings Channel reports. The institutional investor owned 20,406 shares of the insurance provider’s stock after buying an additional 14,235 shares during the quarter. Versor Investments LP’s holdings in Old Republic International were worth $867,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Old Republic International during the second quarter worth about $34,000. Core Alternative Capital purchased a new stake in Old Republic International during the 3rd quarter worth approximately $42,000. Caldwell Trust Co increased its stake in Old Republic International by 75.0% during the 3rd quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 450 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Old Republic International in the second quarter worth $46,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Old Republic International by 29.0% during the second quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock worth $47,000 after buying an additional 274 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Stock Performance

NYSE:ORI opened at $42.27 on Wednesday. The company’s 50-day moving average price is $43.09 and its 200-day moving average price is $41.69. The company has a current ratio of 0.64, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. The company has a market cap of $10.46 billion, a P/E ratio of 12.47 and a beta of 0.75. Old Republic International Corporation has a twelve month low of $34.43 and a twelve month high of $46.76.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. On average, sell-side analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, January 2nd were issued a dividend of $2.50 per share. The ex-dividend date was Friday, January 2nd. Old Republic International’s dividend payout ratio is 34.22%.

Insider Transactions at Old Republic International

In other news, SVP Carolyn Monroe sold 5,526 shares of Old Republic International stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the transaction, the senior vice president owned 27,875 shares in the company, valued at approximately $1,094,930. This trade represents a 16.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ORI. Weiss Ratings reissued a “buy (a)” rating on shares of Old Republic International in a report on Wednesday, December 24th. Piper Sandler reissued a “neutral” rating and issued a $38.00 price objective (down previously from $51.00) on shares of Old Republic International in a report on Thursday, January 22nd. Finally, Zacks Research cut Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Old Republic International presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.50.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.