Choreo LLC Cuts Stock Holdings in Old Republic International Co. (NYSE:ORI)

Choreo LLC lessened its holdings in Old Republic International Co. (NYSE:ORI) by 36.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,613 shares of the insurance provider’s stock after selling 3,843 shares during the quarter. Choreo LLC’s holdings in Old Republic International were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Old Republic International by 161.9% during the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 450 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Old Republic International during the 3rd quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in shares of Old Republic International during the 3rd quarter worth $31,000. Synergy Asset Management LLC purchased a new position in shares of Old Republic International in the 4th quarter valued at about $39,000. Finally, Crews Bank & Trust acquired a new stake in shares of Old Republic International in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Old Republic International Trading Down 0.3 %

NYSE:ORI opened at $36.39 on Friday. The company has a market capitalization of $9.23 billion, a PE ratio of 13.83 and a beta of 0.88. Old Republic International Co. has a 52-week low of $28.20 and a 52-week high of $39.27. The stock has a fifty day simple moving average of $36.01 and a 200-day simple moving average of $35.83. 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 (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 the consensus estimate 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 fiscal year.

Old Republic International Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st. Piper Sandler upped their price target on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st.

Insider Activity

In other news, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction that occurred 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 directly owns 34,679 shares in the company, valued at $1,267,864.24. The trade was a 3.07 % 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 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.