Versor Investments LP Lowers Stake in Old Republic International Co. (NYSE:ORI)

Versor Investments LP cut its stake in Old Republic International Co. (NYSE:ORI) by 32.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,200 shares of the insurance provider’s stock after selling 22,100 shares during the period. Versor Investments LP’s holdings in Old Republic International were worth $1,636,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in shares of Old Republic International by 1.6% in the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock worth $677,000 after purchasing an additional 295 shares in the last quarter. Atomi Financial Group Inc. lifted its position in 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 buying an additional 302 shares during the last quarter. Berry Wealth Group LP boosted its stake in Old Republic International by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock worth $226,000 after buying an additional 310 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Old Republic International by 0.4% during the third quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock valued at $2,965,000 after acquiring an additional 315 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Old Republic International by 2.4% during the fourth quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider’s stock worth $624,000 after acquiring an additional 408 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Insider Activity at Old Republic International

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

Old Republic International Price Performance

Shares of Old Republic International stock opened at $37.14 on Thursday. The firm has a market cap of $9.42 billion, a PE ratio of 14.12 and a beta of 0.88. The company’s fifty day simple moving average is $35.98 and its two-hundred day simple moving average is $36.00. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 12-month low of $28.59 and a 12-month high of $39.27.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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, equities analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, January 15th. Investors 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 40.30%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.