Old Republic International Co. (ORI) Holdings Trimmed by Pegasus Partners Ltd.

Pegasus Partners Ltd. trimmed its position in Old Republic International Co. (NYSE:ORI) by 25.5% during the 4th quarter, Holdings Channel reports. The firm owned 97,532 shares of the insurance provider’s stock after selling 33,469 shares during the period. Pegasus Partners Ltd.’s holdings in Old Republic International were worth $2,085,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ORI. APG Asset Management N.V. boosted its holdings in Old Republic International by 299.3% in the 4th quarter. APG Asset Management N.V. now owns 1,050,986 shares of the insurance provider’s stock valued at $18,713,000 after purchasing an additional 787,786 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Old Republic International in the 4th quarter valued at about $16,657,000. Koch Industries Inc. acquired a new position in Old Republic International in the 2nd quarter valued at about $385,000. Janus Henderson Group PLC acquired a new position in Old Republic International in the 2nd quarter valued at about $7,344,000. Finally, Capital Returns Management LLC boosted its holdings in Old Republic International by 37.1% in the 3rd quarter. Capital Returns Management LLC now owns 1,311,393 shares of the insurance provider’s stock valued at $25,821,000 after purchasing an additional 354,975 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

In other news, CFO Karl W. Mueller sold 19,052 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $21.00, for a total value of $400,092.00. Following the sale, the chief financial officer now directly owns 5,331 shares of the company’s stock, valued at approximately $111,951. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO R Scott Rager sold 47,500 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $21.00, for a total transaction of $997,500.00. Following the completion of the sale, the chief operating officer now directly owns 40,000 shares in the company, valued at $840,000. The disclosure for this sale can be found here. Insiders sold a total of 81,552 shares of company stock worth $1,711,992 over the last three months. Insiders own 2.00% of the company’s stock.

Several equities analysts have weighed in on ORI shares. Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $25.00 in a report on Monday, October 30th. Zacks Investment Research lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, JMP Securities upgraded shares of Old Republic International from a “market perform” rating to an “outperform” rating in a report on Monday.

Shares of Old Republic International Co. (NYSE ORI) opened at $20.32 on Tuesday. The stock has a market cap of $5,249.75, a P/E ratio of 10.58 and a beta of 1.34. Old Republic International Co. has a 52 week low of $17.92 and a 52 week high of $22.34. The company has a quick ratio of 0.51, a current ratio of 1.31 and a debt-to-equity ratio of 0.31.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.64 billion. Old Republic International had a net margin of 8.95% and a return on equity of 6.80%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. sell-side analysts anticipate that Old Republic International Co. will post 1.7 earnings per share for the current fiscal year.

The business also recently declared a None dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. Old Republic International’s dividend payout ratio (DPR) is 39.58%.

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Old Republic International Profile

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

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Institutional Ownership by Quarter for Old Republic International (NYSE:ORI)

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