Old Republic International Corporation (NYSE:ORI) Short Interest Update

Old Republic International Corporation (NYSE:ORI) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 5,044,181 shares, a drop of 27.0% from the December 31st total of 6,906,991 shares. Based on an average trading volume of 1,644,010 shares, the days-to-cover ratio is currently 3.1 days. Approximately 2.1% of the shares of the company are short sold. Approximately 2.1% of the shares of the company are short sold. Based on an average trading volume of 1,644,010 shares, the days-to-cover ratio is currently 3.1 days.

Insider Buying and Selling

In other Old Republic International news, SVP Carolyn Monroe sold 6,680 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $44.54, for a total transaction of $297,527.20. Following the completion of the transaction, the senior vice president owned 29,075 shares in the company, valued at $1,295,000.50. This trade represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Old Republic International

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Old Republic International in the 4th quarter worth about $41,000. MGO One Seven LLC boosted its stake in Old Republic International by 67.0% in the fourth quarter. MGO One Seven LLC now owns 11,439 shares of the insurance provider’s stock worth $522,000 after buying an additional 4,590 shares in the last quarter. Crestwood Advisors Group LLC bought a new position in Old Republic International during the fourth quarter valued at approximately $237,000. Sequoia Financial Advisors LLC raised its stake in shares of Old Republic International by 39.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 32,526 shares of the insurance provider’s stock worth $1,485,000 after acquiring an additional 9,235 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC raised its stake in shares of Old Republic International by 4.6% during the fourth quarter. AssuredPartners Investment Advisors LLC now owns 41,060 shares of the insurance provider’s stock worth $1,874,000 after acquiring an additional 1,787 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Price Performance

NYSE ORI traded up $0.80 during trading on Tuesday, reaching $40.03. The company’s stock had a trading volume of 899,191 shares, compared to its average volume of 2,024,261. The firm has a fifty day moving average of $43.65 and a 200 day moving average of $41.48. Old Republic International has a one year low of $34.43 and a one year high of $46.76. The stock has a market capitalization of $9.90 billion, a PE ratio of 11.83 and a beta of 0.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.64 and a quick ratio of 0.26.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.15). The business had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same period in the previous year, the firm posted $0.90 EPS. Analysts expect that Old Republic International will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

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

Wall Street Analyst Weigh In

ORI has been the subject of several analyst reports. Zacks Research downgraded shares of Old Republic International from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Piper Sandler reiterated a “neutral” rating and issued a $38.00 price target (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (a)” rating on shares of Old Republic International in a research note on Wednesday, December 24th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Old Republic International currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

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. 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.