Insider Selling: Old Republic International (NYSE:ORI) SVP Sells $516,670.80 in Stock

Old Republic International Corporation (NYSE:ORIGet Free Report) SVP Carolyn Monroe sold 13,330 shares of the stock in a transaction dated 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 transaction, the senior vice president directly owned 32,261 shares in the company, valued at $1,250,436.36. This represents a 29.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Old Republic International Stock Up 0.4%

Shares of ORI opened at $39.32 on Friday. Old Republic International Corporation has a 52 week low of $35.60 and a 52 week high of $46.76. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 10.54 and a beta of 0.63. The stock’s 50-day moving average price is $40.22 and its 200-day moving average price is $41.96.

Old Republic International (NYSE:ORIGet Free Report) last issued its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts predict that Old Republic International Corporation will post 2.95 EPS for the current year.

Old Republic International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be paid a $0.315 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.2%. Old Republic International’s dividend payout ratio is presently 33.78%.

Hedge Funds Weigh In On Old Republic International

Hedge funds have recently bought and sold shares of the business. Vest Financial LLC purchased a new position in Old Republic International during the third quarter worth approximately $1,517,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Old Republic International by 261.8% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 277,350 shares of the insurance provider’s stock valued at $11,779,000 after acquiring an additional 200,692 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Old Republic International by 2,840.8% during the third quarter. Thrivent Financial for Lutherans now owns 3,926,606 shares of the insurance provider’s stock valued at $166,763,000 after acquiring an additional 3,793,085 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Old Republic International by 19.1% during the third quarter. Bank of New York Mellon Corp now owns 3,585,558 shares of the insurance provider’s stock valued at $152,279,000 after acquiring an additional 575,778 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Old Republic International by 8.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 708,917 shares of the insurance provider’s stock valued at $30,159,000 after acquiring an additional 57,728 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on Old Republic International

About Old Republic International

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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.

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Insider Buying and Selling by Quarter for Old Republic International (NYSE:ORI)

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