Carolyn Monroe Sells 13,330 Shares of Old Republic International (NYSE:ORI) Stock

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 13,330 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the completion of the sale, the senior vice president directly owned 32,261 shares in the company, valued at $1,250,436.36. This trade represents a 29.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Old Republic International Trading Up 1.0%

NYSE:ORI traded up $0.41 on Thursday, reaching $39.21. The stock had a trading volume of 351,654 shares, compared to its average volume of 1,810,784. The firm’s fifty day moving average is $40.35 and its two-hundred day moving average is $41.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 10.53 and a beta of 0.63. Old Republic International Corporation has a 12-month low of $35.60 and a 12-month high of $46.76.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.Old Republic International’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. Equities analysts expect that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were paid a dividend of $0.315 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, March 9th. This represents a $1.26 dividend on an annualized basis and a yield of 3.2%. Old Republic International’s payout ratio is currently 33.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zacks Research lowered Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Weiss Ratings downgraded Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, March 27th. Piper Sandler lifted their target price on Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Finally, Raymond James Financial set a $44.00 price objective on shares of Old Republic International in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

Institutional Trading of Old Republic International

A number of institutional investors and hedge funds have recently modified their holdings of ORI. V Square Quantitative Management LLC bought a new stake in Old Republic International during the 4th quarter valued at approximately $26,000. Torren Management LLC acquired a new stake in shares of Old Republic International during the 4th quarter valued at about $27,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $27,000. JPL Wealth Management LLC acquired a new position in Old Republic International during the third quarter worth $27,000. Finally, Clearstead Trust LLC lifted its holdings in Old Republic International by 65.6% during the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 288 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.