Old Republic International Co. (NYSE:ORI) Short Interest Update

Old Republic International Co. (NYSE:ORI) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,970,000 shares, an increase of 16.5% from the November 15th total of 2,550,000 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 2.6 days. Currently, 1.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Old Republic International

Large investors have recently bought and sold shares of the business. Allworth Financial LP lifted its position in Old Republic International by 161.9% in the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International in the 3rd quarter valued at approximately $28,000. Innealta Capital LLC acquired a new position in Old Republic International during the 2nd quarter worth $30,000. V Square Quantitative Management LLC bought a new position in shares of Old Republic International in the third quarter worth $31,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Old Republic International during the third quarter valued at $41,000. Institutional investors own 70.92% of the company’s stock.

Old Republic International Trading Down 2.4 %

ORI traded down $0.90 during trading on Tuesday, hitting $36.60. 215,972 shares of the company’s stock were exchanged, compared to its average volume of 1,387,308. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. Old Republic International has a 1 year low of $27.19 and a 1 year high of $39.27. The firm has a market cap of $9.28 billion, a P/E ratio of 12.68 and a beta of 0.86. The stock has a 50 day moving average price of $36.70 and a 200 day moving average price of $34.41.

Old Republic International Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be issued a $2.00 dividend. The ex-dividend date of this dividend is Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is 36.55%.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price objective on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st.

Old Republic International 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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.