1,000 Shares in Old Republic International Co. (NYSE:ORI) Acquired by Core Alternative Capital

Core Alternative Capital purchased a new position in Old Republic International Co. (NYSE:ORI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,000 shares of the insurance provider’s stock, valued at approximately $36,000.

A number of other hedge funds also recently modified their holdings of the stock. Atomi Financial Group Inc. raised its holdings in shares of Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after purchasing an additional 302 shares during the period. Berry Wealth Group LP raised its holdings in shares of Old Republic International by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock worth $226,000 after purchasing an additional 310 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Old Republic International by 0.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock worth $2,965,000 after purchasing an additional 315 shares during the period. UMB Bank n.a. raised its holdings in shares of Old Republic International by 2.4% in the 4th quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider’s stock worth $624,000 after purchasing an additional 408 shares during the period. Finally, Raymond James Trust N.A. raised its holdings in shares of Old Republic International by 1.8% in the 3rd quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock worth $879,000 after purchasing an additional 429 shares during the period. Institutional investors own 70.92% of the company’s stock.

Insider Activity

In other news, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ORI shares. StockNews.com cut shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 1st. Piper Sandler boosted their target price on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Old Republic International Trading Down 1.2 %

Shares of ORI stock opened at $36.10 on Tuesday. The company’s fifty day simple moving average is $36.18 and its two-hundred day simple moving average is $35.78. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. Old Republic International Co. has a 1 year low of $28.13 and a 1 year high of $39.27. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 13.72 and a beta of 0.88.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were given a dividend of $2.00 per share. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is currently 40.30%.

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.