Old Republic International Co. (ORI) Short Interest Up 137.6% in January

Old Republic International Co. (NYSE:ORI) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 15,643,158 shares, a growth of 137.6% from the January 12th total of 6,583,643 shares. Based on an average daily trading volume, of 5,889,288 shares, the days-to-cover ratio is presently 2.7 days. Currently, 6.3% of the shares of the stock are short sold.

Old Republic International (NYSE ORI) opened at $19.90 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.51 and a current ratio of 1.31. Old Republic International has a 12 month low of $17.92 and a 12 month high of $22.34. The stock has a market capitalization of $5,249.76, a P/E ratio of 10.36 and a beta of 1.34.

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

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

ORI has been the subject of several recent research reports. Zacks Investment Research upgraded Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Thursday, December 28th. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the company from $23.00 to $25.00 in a research report on Monday, October 30th.

In other Old Republic International news, COO R Scott Rager sold 47,500 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $21.00, for a total value of $997,500.00. Following the completion of the sale, the chief operating officer now owns 40,000 shares in the company, valued at $840,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles S. Boone sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $20.96, for a total value of $314,400.00. Following the completion of the sale, the vice president now owns 22,750 shares of the company’s stock, valued at approximately $476,840. The disclosure for this sale can be found here. Insiders sold a total of 81,552 shares of company stock valued at $1,711,992 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in shares of Old Republic International by 5.5% during the second quarter. Advisory Services Network LLC now owns 45,843 shares of the insurance provider’s stock valued at $895,000 after buying an additional 2,395 shares during the period. Brookstone Capital Management increased its stake in shares of Old Republic International by 19.1% during the third quarter. Brookstone Capital Management now owns 16,783 shares of the insurance provider’s stock valued at $330,000 after buying an additional 2,686 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Old Republic International by 1.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 200,897 shares of the insurance provider’s stock valued at $4,295,000 after buying an additional 2,713 shares during the period. Rhumbline Advisers increased its stake in shares of Old Republic International by 0.6% during the third quarter. Rhumbline Advisers now owns 457,998 shares of the insurance provider’s stock valued at $9,018,000 after buying an additional 2,776 shares during the period. Finally, SPC Financial Inc. increased its stake in shares of Old Republic International by 4.1% during the third quarter. SPC Financial Inc. now owns 74,715 shares of the insurance provider’s stock valued at $1,471,000 after buying an additional 2,935 shares during the period. 71.28% of the stock is currently owned by hedge funds and other institutional investors.

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Old Republic International Company 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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