Old Republic International Target of Unusually Large Options Trading (NYSE:ORI)

Old Republic International Co. (NYSE:ORI) saw unusually large options trading on Monday. Stock traders acquired 40,511 call options on the stock. This represents an increase of 9,278% compared to the average volume of 432 call options.

In other Old Republic International news, Director Michael Denard Kennedy purchased 1,024 shares of the business’s stock in a transaction on Friday, August 20th. The shares were purchased at an average cost of $26.35 per share, for a total transaction of $26,982.40. Following the acquisition, the director now owns 4,902 shares of the company’s stock, valued at $129,167.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas Dare sold 19,125 shares of the stock in a transaction that occurred on Wednesday, August 25th. The stock was sold at an average price of $26.61, for a total value of $508,916.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 2,350 shares of company stock worth $60,684 and have sold 578,820 shares worth $15,262,617. Insiders own 1.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORI. OLD Mission Capital LLC purchased a new stake in Old Republic International in the 3rd quarter valued at $513,000. Dimensional Fund Advisors LP raised its position in Old Republic International by 9.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,156,438 shares of the insurance provider’s stock valued at $141,051,000 after buying an additional 607,938 shares during the last quarter. State of Michigan Retirement System grew its stake in Old Republic International by 1.6% in the 1st quarter. State of Michigan Retirement System now owns 104,770 shares of the insurance provider’s stock valued at $2,288,000 after purchasing an additional 1,700 shares during the period. Commonwealth Equity Services LLC grew its stake in Old Republic International by 10.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 115,596 shares of the insurance provider’s stock valued at $2,524,000 after purchasing an additional 10,785 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Old Republic International by 1.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 81,704 shares of the insurance provider’s stock valued at $1,784,000 after purchasing an additional 808 shares during the period. 72.84% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ORI opened at $23.26 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.23. Old Republic International has a twelve month low of $13.93 and a twelve month high of $26.69. The stock’s 50 day moving average is $25.14 and its 200-day moving average is $24.53. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 4.39 and a beta of 0.84.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, July 22nd. The insurance provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.23. Old Republic International had a return on equity of 13.08% and a net margin of 17.77%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $1.71 billion. Equities research analysts anticipate that Old Republic International will post 2.6 earnings per share for the current fiscal year.

The business also recently declared a dividend, which will be paid on Wednesday, October 6th. Investors of record on Wednesday, September 15th will be given a $1.50 dividend. The ex-dividend date is Tuesday, September 14th. Old Republic International’s payout ratio is currently 39.29%.

A number of research firms have issued reports on ORI. Raymond James restated a “buy” rating and set a $28.00 price target on shares of Old Republic International in a report on Monday, July 26th. Zacks Investment Research upgraded Old Republic International from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, July 28th.

Old Republic International Company Profile

Old Republic International Corp. is a holding company, which engages in the business of insurance underwriting. It operates through the following segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group (RFIG) Run-off Business. The General Insurance segment involves in the provision of property and liability insurance to commercial clients.

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