Old Republic International Co. (NYSE:ORI) SVP Jeffrey Lange Sells 1,098 Shares

Old Republic International Co. (NYSE:ORI) SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the sale, the senior vice president now owns 34,679 shares in the company, valued at $1,267,864.24. The trade was a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Old Republic International Price Performance

Shares of Old Republic International stock opened at $36.31 on Thursday. The firm has a market cap of $9.21 billion, a PE ratio of 13.80 and a beta of 0.88. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $36.27 and a 200 day moving average price of $35.69.

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

Old Republic International Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ORI shares. StockNews.com downgraded Old Republic International from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 1st. Piper Sandler boosted their target price 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.

Institutional Trading of Old Republic International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in Old Republic International by 9.2% in the 2nd quarter. Millennium Management LLC now owns 236,072 shares of the insurance provider’s stock worth $7,295,000 after buying an additional 19,895 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Old Republic International in the second quarter valued at approximately $451,000. Cetera Investment Advisers boosted its stake in shares of Old Republic International by 2.5% in the second quarter. Cetera Investment Advisers now owns 104,326 shares of the insurance provider’s stock worth $3,224,000 after acquiring an additional 2,505 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Old Republic International during the second quarter worth approximately $3,595,000. Finally, Handelsbanken Fonder AB raised its stake in Old Republic International by 33.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 65,671 shares of the insurance provider’s stock valued at $2,326,000 after purchasing an additional 16,600 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

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.