Old Republic Stock: Short Interest Decreased By 18% in January

Old Republic Stock

Old Republic stock (ORI:NYE), short interest decreased by 18.0% in January, with 3,190,000 shares short as of January 31st, compared to 3,890,000 shares short on January 15th. Presently, only 1.1% of the company’s shares are being sold short. With a daily average volume of 1,430,000 shares, the short-interest ratio is 2.2 days.

 

Hedge Funds & Institutional Holdings:

Institutional investors and hedge funds, who collectively hold 70.87%of the company’s stock, have recently rebalanced their holdings.

Belpointe Asset Management LLC acquired a new stake in Old Republic International for approximately $28,000 during the fourth quarter.

In the third quarter, TCI Wealth Advisors Inc. grew its holdings by 212.2%, purchasing an additional 853 shares for a total of 1,255 shares worth $26,000.

Ronald Blue Trust Inc. increased its Old Republic International holdings by 468.9% during the third quarter, acquiring an additional 1,238 shares for a total of 1,502 shares worth $34,000.

Atlas Capital Advisors LLC acquired a $34,000 position in Old Republic International during the second quarter, while Eagle Bay Advisors LLC acquired a $38,000 position during the same time frame.

 

Old Republic Stock-Analyst Ratings:

In a research note issued January 30th, Raymond James increased their price target from $27.00 to $29.00 and assigned a “outperform” rating.

 

Gain of 1.2% for Old Republic Stock:

ORI shares opened on Monday at $26.35, with a market capitalization of $8.02 billion, a P/E ratio of 11.51, and a beta of 0.81. The 1-year low price for the company is $20.27 and the 1-year high price is $27.19.

The debt-to-equity ratio is 0.26, while the current ratio is 1.33 and the quick ratio is 0.59. The 50-day simple moving average is $24.62, and the 200-day simple moving average is $23.50.

 

Old Republic Announces Dividend Reduction:

On December 15th, the company just declared and paid a quarterly dividend. On December 5th, shareholders of record received a dividend of $0.23 per share, reflecting an annualized yield of 3.49% and a payout ratio of 40.17%. The ex-dividend date was December 2.

 

Company Profile:

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.  The company was founded in 1923 and is based in Chicago, Illinois.

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