Old Republic International Co. (NYSE:ORI) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 15,643,158 shares, an increase of 137.6% from the January 12th total of 6,583,643 shares. Currently, 6.3% of the shares of the stock are short sold. Based on an average daily volume of 5,889,288 shares, the short-interest ratio is presently 2.7 days.

In other Old Republic International news, VP Charles S. Boone sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $20.96, for a total value of $314,400.00. Following the completion of the transaction, the vice president now owns 22,750 shares of the company’s stock, valued at approximately $476,840. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO R Scott Rager sold 47,500 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $21.00, for a total value of $997,500.00. Following the completion of the transaction, the chief operating officer now directly owns 40,000 shares of the company’s stock, valued at approximately $840,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,552 shares of company stock valued at $1,711,992. Insiders own 2.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Old Republic International by 16.2% in the fourth quarter. Renaissance Technologies LLC now owns 9,023,085 shares of the insurance provider’s stock valued at $192,914,000 after buying an additional 1,257,200 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Old Republic International by 3.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,049,227 shares of the insurance provider’s stock valued at $107,952,000 after buying an additional 176,813 shares during the period. Alliancebernstein L.P. increased its stake in shares of Old Republic International by 4.3% in the fourth quarter. Alliancebernstein L.P. now owns 3,588,174 shares of the insurance provider’s stock valued at $76,715,000 after buying an additional 149,537 shares during the period. Geode Capital Management LLC increased its stake in shares of Old Republic International by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 2,526,448 shares of the insurance provider’s stock valued at $54,015,000 after buying an additional 192,077 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Old Republic International by 6.2% in the third quarter. Prudential Financial Inc. now owns 2,460,286 shares of the insurance provider’s stock valued at $48,443,000 after buying an additional 143,040 shares during the period. 71.13% of the stock is owned by institutional investors.

Shares of Old Republic International (NYSE:ORI) traded up $0.31 on Wednesday, reaching $20.40. The company’s stock had a trading volume of 2,577,329 shares, compared to its average volume of 4,290,000. Old Republic International has a fifty-two week low of $17.92 and a fifty-two week high of $22.34. The company has a current ratio of 1.31, a quick ratio of 0.51 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5,380.00, a PE ratio of 10.68 and a beta of 1.34.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 25th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Old Republic International had a return on equity of 6.80% and a net margin of 8.95%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. equities analysts forecast that Old Republic International will post 1.7 earnings per share for the current fiscal year.

The business also recently declared a None dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were paid a $1.00 dividend. The ex-dividend date was Tuesday, January 9th. Old Republic International’s payout ratio is 39.79%.

ORI has been the subject of a number of recent research reports. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $23.00 to $25.00 in a report on Monday, October 30th. Zacks Investment Research cut Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, JMP Securities raised Old Republic International from a “market perform” rating to an “outperform” rating in a report on Monday.

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About Old Republic International

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

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