Carolyn Monroe Sells 6,680 Shares of Old Republic International (NYSE:ORI) Stock

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 6,680 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $44.54, for a total value of $297,527.20. Following the sale, the senior vice president owned 29,075 shares of the company’s stock, valued at $1,295,000.50. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Old Republic International Stock Up 0.9%

Shares of NYSE ORI opened at $44.96 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.64. Old Republic International Corporation has a 1 year low of $33.00 and a 1 year high of $45.07. The stock’s 50-day simple moving average is $41.60 and its 200-day simple moving average is $39.17. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 15.04 and a beta of 0.79.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Friday, October 24th. The insurance provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.05. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%.The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.28 billion. As a group, equities analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Old Republic International

Hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in Old Republic International by 98.0% during the third quarter. Captrust Financial Advisors now owns 3,197,538 shares of the insurance provider’s stock valued at $135,799,000 after purchasing an additional 1,582,895 shares during the last quarter. Danske Bank A S acquired a new position in shares of Old Republic International in the 3rd quarter valued at about $51,000. Advisory Services Network LLC boosted its holdings in shares of Old Republic International by 14.5% in the 3rd quarter. Advisory Services Network LLC now owns 11,491 shares of the insurance provider’s stock valued at $488,000 after buying an additional 1,454 shares during the period. Camelot Portfolios LLC grew its position in shares of Old Republic International by 13.4% during the 3rd quarter. Camelot Portfolios LLC now owns 9,452 shares of the insurance provider’s stock valued at $401,000 after buying an additional 1,114 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in Old Republic International by 8.4% during the third quarter. NewEdge Advisors LLC now owns 19,635 shares of the insurance provider’s stock worth $834,000 after acquiring an additional 1,516 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ORI. Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $43.00 to $47.00 in a research note on Monday, September 22nd. Weiss Ratings reiterated a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday, October 8th. Finally, Piper Sandler dropped their target price on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, Old Republic International currently has a consensus rating of “Strong Buy” and a consensus target price of $46.50.

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.