Dean Capital Investments Management LLC reduced its stake in Old Republic International Co. (NYSE:ORI) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,669 shares of the insurance provider’s stock after selling 1,593 shares during the quarter. Dean Capital Investments Management LLC’s holdings in Old Republic International were worth $581,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. FinTrust Capital Advisors LLC grew its stake in shares of Old Republic International by 1,583.7% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,448 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 1,362 shares during the last quarter. Pearl River Capital LLC acquired a new position in Old Republic International during the second quarter worth $37,000. Quest Capital Management Inc. ADV acquired a new position in shares of Old Republic International in the third quarter worth $40,000. Hillsdale Investment Management Inc. acquired a new position in shares of Old Republic International in the second quarter worth $45,000. Finally, Parallel Advisors LLC raised its holdings in shares of Old Republic International by 29.1% in the second quarter. Parallel Advisors LLC now owns 2,257 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 509 shares during the last quarter. Institutional investors own 75.38% of the company’s stock.
In other news, VP Cheryl A. Jones sold 3,250 shares of Old Republic International stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $22.85, for a total value of $74,262.50. Following the completion of the sale, the vice president now owns 10,738 shares of the company’s stock, valued at $245,363.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Calderon Alberto 44,042 shares of the firm’s stock in a transaction dated Monday, November 4th. In the last ninety days, insiders bought 600 shares of company stock valued at $13,516 and sold 109,510 shares valued at $2,566,383. 1.90% of the stock is owned by insiders.
Shares of NYSE:ORI traded up $0.07 during midday trading on Tuesday, reaching $22.78. The company’s stock had a trading volume of 6,372 shares, compared to its average volume of 1,352,467. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 12.25 and a beta of 0.75. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.17. Old Republic International Co. has a 1 year low of $19.55 and a 1 year high of $24.10. The business has a 50 day moving average price of $23.12 and a 200 day moving average price of $22.72.
Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, October 24th. The insurance provider reported $0.51 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.51. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.65 billion. Old Republic International had a return on equity of 9.76% and a net margin of 10.27%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. Sell-side analysts anticipate that Old Republic International Co. will post 1.75 earnings per share for the current fiscal year.
ORI has been the subject of a number of analyst reports. Raymond James cut their price target on Old Republic International from $27.00 to $26.00 and set a “strong-buy” rating for the company in a report on Friday, October 25th. Zacks Investment Research cut Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 16th. Finally, ValuEngine raised Old Republic International from a “sell” rating to a “hold” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.00.
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. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
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