Diametric Capital LP Sells 1,370 Shares of Old Republic International Co. (NYSE:ORI)

Diametric Capital LP decreased its holdings in shares of Old Republic International Co. (NYSE:ORI) by 19.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,576 shares of the insurance provider’s stock after selling 1,370 shares during the quarter. Diametric Capital LP’s holdings in Old Republic International were worth $202,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ORI. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International in the 3rd quarter worth about $28,000. Fairway Wealth LLC bought a new stake in Old Republic International during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in Old Republic International during the fourth quarter valued at approximately $34,000. Core Alternative Capital bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $36,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Old Republic International in the 4th quarter worth approximately $39,000. Institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Up 0.5 %

Shares of NYSE ORI opened at $39.83 on Thursday. Old Republic International Co. has a fifty-two week low of $28.59 and a fifty-two week high of $39.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 15.14 and a beta of 0.83. The business’s 50 day moving average price is $37.25 and its 200-day moving average price is $36.53.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. On average, sell-side analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Monday, March 10th. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s payout ratio is currently 44.11%.

Analyst Upgrades and Downgrades

ORI has been the topic of several recent research reports. StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Piper Sandler raised their target price on shares of Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday.

Insider Activity at Old Republic International

In other news, SVP Carolyn Monroe sold 9,188 shares of the 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 owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the sale, the vice president now owns 46,556 shares of the company’s stock, valued at $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,039 shares of company stock worth $1,580,733. Company insiders own 1.00% of the company’s stock.

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.