Core Alternative Capital Invests $36,000 in Old Republic International Co. (NYSE:ORI)

Core Alternative Capital acquired a new position in Old Republic International Co. (NYSE:ORI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the insurance provider’s stock, valued at approximately $36,000.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Old Republic International in the 3rd quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in shares of Old Republic International in the 3rd quarter worth about $31,000. Synergy Asset Management LLC bought a new position in shares of Old Republic International in the 4th quarter worth about $39,000. Finally, Crews Bank & Trust bought a new position in shares of Old Republic International in the 4th quarter worth about $40,000. 70.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Old Republic International

In other news, SVP Jeffrey Lange sold 1,098 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 34,679 shares in the company, valued at $1,267,864.24. The trade was a 3.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 in the company, valued at $1,219,760.60. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ORI shares. Piper Sandler raised their target price on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. StockNews.com downgraded Old Republic International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 1st.

Old Republic International Stock Performance

Shares of ORI opened at $36.10 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The stock has a 50-day moving average of $36.18 and a 200-day moving average of $35.78. The company has a market cap of $9.15 billion, a PE ratio of 13.72 and a beta of 0.88. Old Republic International Co. has a one year low of $28.13 and a one year high of $39.27.

Old Republic International (NYSE:ORI) last released 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%. On average, equities research analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Announces Dividend

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

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.