Old Republic International Co. (NYSE:ORI) SVP Carolyn Monroe Sells 9,188 Shares of Stock

Old Republic International Co. (NYSE:ORI) SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Old Republic International Stock Up 1.2 %

Old Republic International stock opened at $36.75 on Friday. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 13.97 and a beta of 0.88. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $36.27 and a 200 day simple moving average of $35.69.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. On average, analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s payout ratio is 40.30%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Allworth Financial LP boosted its holdings 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 period. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International during the 3rd quarter worth $28,000. V Square Quantitative Management LLC bought a new stake in shares of Old Republic International during the 3rd quarter worth $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Old Republic International during the 4th quarter worth $34,000. Finally, Core Alternative Capital bought a new stake in shares of Old Republic International during the 4th quarter worth $36,000. 70.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ORI shares. Piper Sandler lifted their price objective on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. StockNews.com lowered shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 1st.

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.