Ieq Capital LLC Invests $1.19 Million in Old Republic International Co. (NYSE:ORI)

Ieq Capital LLC purchased a new stake in Old Republic International Co. (NYSE:ORI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,905 shares of the insurance provider’s stock, valued at approximately $1,191,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allworth Financial LP increased its stake in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Old Republic International in the third quarter valued at $28,000. Core Alternative Capital acquired a new position in Old Republic International in the fourth quarter valued at $36,000. Synergy Asset Management LLC purchased a new position in Old Republic International during the 4th quarter worth approximately $39,000. Finally, Crews Bank & Trust purchased a new position in shares of Old Republic International during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Stock Performance

NYSE ORI opened at $36.81 on Tuesday. The business’s 50-day moving average price is $35.97 and its 200 day moving average price is $35.97. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9.33 billion, a P/E ratio of 13.99 and a beta of 0.88. Old Republic International Co. has a 52-week low of $28.59 and a 52-week high of $39.27.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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%. On average, equities research analysts expect 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 disclosed a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s payout ratio is currently 40.30%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st.

Insider Activity

In other Old Republic International news, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.