Old Republic International (NYSE:ORI) SVP Sells $184,255.86 in Stock

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 4,386 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $42.01, for a total transaction of $184,255.86. Following the completion of the transaction, the senior vice president owned 27,875 shares in the company, valued at $1,171,028.75. The trade was a 13.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Carolyn Monroe also recently made the following trade(s):

• On Tuesday, August 11th, Carolyn Monroe sold 1,788 shares of Old Republic International stock. The stock was sold at an average price of $42.26, for a total transaction of $75,560.88.

Old Republic International Stock Performance

Shares of ORI stock traded up $0.66 during mid-day trading on Thursday, reaching $42.75. 382,946 shares of the company’s stock traded hands, compared to its average volume of 1,605,748. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $10.32 billion, a PE ratio of 10.11 and a beta of 0.57. Old Republic International Corporation has a 12 month low of $36.65 and a 12 month high of $46.76. The firm has a 50 day moving average price of $42.15 and a two-hundred day moving average price of $40.78.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.Old Republic International’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.81 earnings per share. On average, research analysts forecast that Old Republic International Corporation will post 2.91 EPS for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a $0.315 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.26 annualized dividend and a dividend yield of 2.9%. Old Republic International’s dividend payout ratio (DPR) is 29.79%.

Institutional Trading of Old Republic International

Several institutional investors have recently made changes to their positions in the business. Jefferies Financial Group Inc. bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $2,592,000. Bank of New York Mellon Corp bought a new position in shares of Old Republic International during the 2nd quarter valued at approximately $491,660,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Old Republic International during the 4th quarter valued at approximately $2,157,000. Intech Investment Management LLC raised its holdings in Old Republic International by 49.4% during the 4th quarter. Intech Investment Management LLC now owns 185,258 shares of the insurance provider’s stock valued at $8,455,000 after buying an additional 61,283 shares during the period. Finally, Baader Bank Aktiengesellschaft purchased a new stake in Old Republic International during the 4th quarter valued at $607,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ORI. Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Piper Sandler decreased their target price on shares of Old Republic International from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Old Republic International in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Old Republic International currently has an average rating of “Moderate Buy” and an average price target of $41.50.

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. 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.