Krilogy Financial LLC Makes New $740,000 Investment in Old Republic International Corporation $ORI

Krilogy Financial LLC bought a new position in Old Republic International Corporation (NYSE:ORI) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 18,179 shares of the insurance provider’s stock, valued at approximately $740,000.

Several other hedge funds have also recently made changes to their positions in the business. Core Alternative Capital bought a new stake in Old Republic International during the third quarter worth approximately $42,000. Caldwell Trust Co lifted its stake in shares of Old Republic International by 75.0% in the 3rd quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 450 shares during the last quarter. SJS Investment Consulting Inc. increased its position in shares of Old Republic International by 37.1% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 298 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Old Republic International during the 2nd quarter valued at approximately $46,000. Finally, SBI Securities Co. Ltd. raised its holdings in Old Republic International by 29.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $47,000 after buying an additional 274 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Old Republic International

In related news, SVP Carolyn Monroe sold 5,526 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the sale, the senior vice president owned 27,875 shares in the company, valued at approximately $1,094,930. The trade was a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Old Republic International Stock Down 0.1%

NYSE:ORI opened at $42.59 on Friday. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 12.56 and a beta of 0.75. Old Republic International Corporation has a twelve month low of $34.43 and a twelve month high of $46.76. The company has a current ratio of 0.64, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $43.03 and a 200-day simple moving average of $41.75.

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

Old Republic International Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have commented on ORI. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Old Republic International in a research note on Wednesday, December 24th. Zacks Research cut shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, Piper Sandler reiterated a “neutral” rating and set a $38.00 price target (down from $51.00) on shares of Old Republic International in a report on Thursday, January 22nd. Two 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

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. 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.