Sivia Capital Partners LLC Invests $250,000 in Old Republic International Co. (NYSE:ORI)

Sivia Capital Partners LLC acquired a new stake in shares of Old Republic International Co. (NYSE:ORI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,386 shares of the insurance provider’s stock, valued at approximately $250,000.

Other institutional investors have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in shares of Old Republic International during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Old Republic International during the fourth quarter valued at approximately $34,000. Core Alternative Capital bought a new stake in Old Republic International during the fourth quarter worth approximately $36,000. Whipplewood Advisors LLC bought a new stake in Old Republic International during the fourth quarter worth approximately $41,000. Finally, Millstone Evans Group LLC acquired a new stake in Old Republic International in the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Insider Buying and Selling

In related news, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the transaction, the vice president now owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. This trade represents a 37.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 10,601 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the sale, the senior vice president now directly owns 35,755 shares in the company, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ORI has been the topic of several research analyst reports. Wall Street Zen upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 25th. Piper Sandler set a $42.00 target price on Old Republic International in a research note on Friday, April 25th. Finally, Raymond James set a $42.00 target price on Old Republic International and gave the stock an “outperform” rating in a report on Monday, April 28th.

Old Republic International Stock Up 0.2%

ORI stock opened at $37.48 on Monday. The firm has a market cap of $9.26 billion, a PE ratio of 14.25 and a beta of 0.74. Old Republic International Co. has a 12 month low of $29.51 and a 12 month high of $39.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $37.60 and a 200 day simple moving average of $37.11.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, June 6th will be given a $0.29 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. Old Republic International’s dividend payout ratio (DPR) is 47.15%.

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.