Versor Investments LP Sells 36,394 Shares of Old Republic International Corporation $ORI

Versor Investments LP reduced its holdings in Old Republic International Corporation (NYSE:ORI) by 85.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,171 shares of the insurance provider’s stock after selling 36,394 shares during the quarter. Versor Investments LP’s holdings in Old Republic International were worth $237,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Martingale Asset Management L P grew its position in shares of Old Republic International by 3.4% in the 1st quarter. Martingale Asset Management L P now owns 8,241 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 269 shares during the period. Janney Montgomery Scott LLC lifted its stake in Old Republic International by 0.3% in the second quarter. Janney Montgomery Scott LLC now owns 91,880 shares of the insurance provider’s stock valued at $3,532,000 after buying an additional 300 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Old Republic International by 3.6% in the first quarter. Atria Wealth Solutions Inc. now owns 9,047 shares of the insurance provider’s stock valued at $355,000 after buying an additional 314 shares during the period. Signet Financial Management LLC boosted its holdings in shares of Old Republic International by 3.0% in the second quarter. Signet Financial Management LLC now owns 11,135 shares of the insurance provider’s stock valued at $428,000 after buying an additional 320 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Old Republic International by 1.8% during the first quarter. Venturi Wealth Management LLC now owns 19,055 shares of the insurance provider’s stock worth $747,000 after acquiring an additional 340 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ORI shares. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $43.00 to $47.00 in a research report on Monday, September 22nd. Wall Street Zen lowered Old Republic International from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Piper Sandler reduced their price objective on Old Republic International from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus price target of $46.50.

Insider Buying and Selling

In related news, Director Therace Risch acquired 1,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $39.14 per share, with a total value of $39,140.00. Following the acquisition, the director owned 10,625 shares in the company, valued at $415,862.50. This represents a 10.39% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stephen J. Oberst sold 4,797 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total transaction of $188,474.13. Following the completion of the transaction, the executive vice president directly owned 54,661 shares of the company’s stock, valued at $2,147,630.69. This represents a 8.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Old Republic International Trading Down 0.1%

Shares of NYSE:ORI opened at $40.65 on Friday. The company’s 50-day moving average price is $41.07 and its two-hundred day moving average price is $38.82. Old Republic International Corporation has a one year low of $33.00 and a one year high of $44.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.64 and a quick ratio of 0.25. The stock has a market capitalization of $10.06 billion, a PE ratio of 13.60 and a beta of 0.79.

Old Republic International (NYSE:ORI) last released its earnings results on Friday, October 24th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%.The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.28 billion. On average, equities analysts forecast that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, September 5th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.9%. Old Republic International’s dividend payout ratio is currently 38.80%.

About Old Republic International

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.