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

Versor Investments LP trimmed its holdings in Old Republic International Corporation (NYSE:ORI) by 85.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,171 shares of the insurance provider’s stock after selling 36,394 shares during the period. Versor Investments LP’s holdings in Old Republic International were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in Old Republic International by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 536,695 shares of the insurance provider’s stock valued at $21,049,000 after purchasing an additional 1,766 shares during the last quarter. World Investment Advisors raised its position in shares of Old Republic International by 34.3% in the first quarter. World Investment Advisors now owns 9,163 shares of the insurance provider’s stock valued at $359,000 after purchasing an additional 2,342 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Old Republic International by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 2,918,236 shares of the insurance provider’s stock worth $114,453,000 after buying an additional 100,264 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Old Republic International by 142.0% during the 1st quarter. Penserra Capital Management LLC now owns 18,802 shares of the insurance provider’s stock worth $736,000 after buying an additional 11,033 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Old Republic International by 11.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 244,834 shares of the insurance provider’s stock worth $9,602,000 after buying an additional 25,450 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Old Republic International Stock Down 0.1%

NYSE ORI opened at $40.65 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.25 and a debt-to-equity ratio of 0.25. The company has a market cap of $10.06 billion, a price-to-earnings ratio of 13.60 and a beta of 0.79. The company has a 50 day moving average of $41.07 and a 200-day moving average of $38.82. Old Republic International Corporation has a 1-year low of $33.00 and a 1-year high of $44.00.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Friday, October 24th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.28 billion. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%. On average, equities research analysts expect 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 quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were given a $0.29 dividend. 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 (DPR) is presently 38.80%.

Insider Transactions at Old Republic International

In other news, Director Therace Risch bought 1,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were purchased at an average cost of $39.90 per share, with a total value of $59,850.00. Following the acquisition, the director directly owned 9,625 shares in the company, valued at $384,037.50. This represents a 18.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stephen J. Oberst sold 4,797 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $39.29, for a total transaction of $188,474.13. Following the sale, the executive vice president directly owned 54,661 shares of the company’s stock, valued at approximately $2,147,630.69. This trade represents a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

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.