V Square Quantitative Management LLC Has $52,000 Stake in Old Republic International Co. (NYSE:ORI)

V Square Quantitative Management LLC boosted its stake in Old Republic International Co. (NYSE:ORI) by 63.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,443 shares of the insurance provider’s stock after purchasing an additional 562 shares during the period. V Square Quantitative Management LLC’s holdings in Old Republic International were worth $52,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ORI. Creative Planning increased its holdings in Old Republic International by 11.4% in the third quarter. Creative Planning now owns 65,847 shares of the insurance provider’s stock valued at $2,332,000 after purchasing an additional 6,726 shares during the period. Blue Trust Inc. increased its holdings in Old Republic International by 26.8% in the third quarter. Blue Trust Inc. now owns 4,390 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 927 shares during the period. First Citizens Bank & Trust Co. grew its holdings in Old Republic International by 8.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,268 shares of the insurance provider’s stock worth $257,000 after acquiring an additional 541 shares during the period. Raymond James & Associates grew its holdings in Old Republic International by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,072,899 shares of the insurance provider’s stock worth $38,002,000 after acquiring an additional 25,610 shares during the period. Finally, Bellecapital International Ltd. acquired a new stake in Old Republic International during the 3rd quarter worth about $202,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Old Republic International

In related news, SVP Carolyn Monroe sold 9,188 shares of the firm’s 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the transaction, the senior vice president now directly owns 34,679 shares in the company, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Old Republic International Price Performance

ORI stock opened at $36.39 on Tuesday. The stock has a market capitalization of $9.23 billion, a PE ratio of 13.83 and a beta of 0.88. The company’s 50-day moving average is $35.97 and its 200-day moving average is $35.87. 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 Co. has a 1 year low of $28.20 and a 1 year high of $39.27.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal 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 given a dividend of $2.00 per share. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 40.30%.

Analyst Upgrades and Downgrades

ORI has been the subject of a number of recent analyst reports. StockNews.com downgraded Old Republic International from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 1st. Piper Sandler increased 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.

About Old Republic International

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.