149,840 Shares in Old Republic International Corporation $ORI Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP made a new investment of approximately $5.88 million in Old Republic International Corporation by acquiring 149,840 shares during the first quarter.
• Old Republic reported a quarterly earnings per share (EPS) of $0.83, surpassing analysts' expectations, and announced a quarterly dividend of $0.29 per share.
• The stock has received mixed ratings from analysts, with Wall Street Zen downgrading it from a "buy" to a "hold," while others maintain a consensus rating of "Buy" with an average price target of $41.50.

Trexquant Investment LP acquired a new stake in Old Republic International Corporation (NYSE:ORI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 149,840 shares of the insurance provider's stock, valued at approximately $5,877,000. Trexquant Investment LP owned 0.06% of Old Republic International at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Nuveen LLC purchased a new position in shares of Old Republic International during the 1st quarter valued at $31,866,000. GW&K Investment Management LLC lifted its position in shares of Old Republic International by 44.4% during the 1st quarter. GW&K Investment Management LLC now owns 1,436,051 shares of the insurance provider's stock valued at $56,322,000 after buying an additional 441,799 shares during the last quarter. Northern Trust Corp lifted its position in shares of Old Republic International by 14.4% during the 4th quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider's stock valued at $114,940,000 after buying an additional 400,384 shares during the last quarter. Millennium Management LLC lifted its position in shares of Old Republic International by 93.8% during the 4th quarter. Millennium Management LLC now owns 823,500 shares of the insurance provider's stock valued at $29,802,000 after buying an additional 398,531 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its position in shares of Old Republic International by 136.5% during the 4th quarter. Voloridge Investment Management LLC now owns 490,263 shares of the insurance provider's stock valued at $17,743,000 after buying an additional 282,963 shares during the last quarter. Institutional investors own 70.92% of the company's stock.

Old Republic International Price Performance

NYSE ORI traded up $0.76 during trading on Thursday, reaching $41.12. The company's stock had a trading volume of 1,197,551 shares, compared to its average volume of 1,318,963. The stock has a market capitalization of $10.22 billion, a PE ratio of 14.08 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a fifty day moving average of $37.83 and a 200 day moving average of $37.64. Old Republic International Corporation has a one year low of $33.00 and a one year high of $41.15.

Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.18 billion. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The firm's quarterly revenue was up 10.1% compared to the same quarter last year. Analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, September 5th. This represents a $1.16 annualized dividend and a dividend yield of 2.8%. Old Republic International's dividend payout ratio is 39.73%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ORI shares. Wall Street Zen cut Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Piper Sandler upped their price target on Old Republic International from $41.00 to $45.00 and gave the company an "overweight" rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $43.50.

Insider Activity

In other news, EVP Stephen J. Oberst sold 4,797 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $39.29, for a total transaction of $188,474.13. Following the transaction, the executive vice president directly owned 54,661 shares in the company, valued at approximately $2,147,630.69. This represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Therace Risch acquired 1,500 shares of Old Republic International stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average price of $39.90 per share, for a total transaction of $59,850.00. Following the completion of the transaction, the director directly owned 9,625 shares in the company, valued at approximately $384,037.50. The trade was a 18.46% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% 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.