Entropy Technologies LP Acquires Shares of 74,673 Old Republic International Co. (NYSE:ORI)

Entropy Technologies LP acquired a new stake in Old Republic International Co. (NYSE:ORI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 74,673 shares of the insurance provider’s stock, valued at approximately $2,702,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. acquired a new stake in shares of Old Republic International in the 4th quarter worth $284,000. Measured Wealth Private Client Group LLC increased its stake in shares of Old Republic International by 83.2% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 19,083 shares of the insurance provider’s stock worth $691,000 after acquiring an additional 8,669 shares during the last quarter. Longboard Asset Management LP acquired a new stake in shares of Old Republic International in the 4th quarter worth $253,000. Dupree Financial Group LLC increased its stake in shares of Old Republic International by 0.8% in the 4th quarter. Dupree Financial Group LLC now owns 208,384 shares of the insurance provider’s stock worth $7,541,000 after acquiring an additional 1,679 shares during the last quarter. Finally, Golden State Equity Partners increased its stake in shares of Old Republic International by 20.3% in the 4th quarter. Golden State Equity Partners now owns 18,271 shares of the insurance provider’s stock worth $661,000 after acquiring an additional 3,086 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the transaction, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the transaction, the senior vice president now owns 33,556 shares of the company’s stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Old Republic International Stock Performance

Shares of Old Republic International stock opened at $36.57 on Friday. The business has a 50-day moving average of $36.18 and a 200 day moving average of $35.73. Old Republic International Co. has a 12 month low of $27.19 and a 12 month high of $39.27. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 13.90 and a beta of 0.88. 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 (NYSE:ORI) last announced its 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 return on equity of 20.32% and a net margin of 10.36%. As a group, sell-side analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s payout ratio is presently 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.