Old Republic International Corporation (NYSE:ORI – Get Free Report) SVP Jeffrey Lange sold 14,075 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $43.76, for a total transaction of $615,922.00. Following the completion of the transaction, the senior vice president directly owned 12,244 shares of the company’s stock, valued at $535,797.44. This trade represents a 53.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Old Republic International Trading Down 0.2%
Shares of Old Republic International stock opened at $43.29 on Friday. The firm has a market capitalization of $10.51 billion, a PE ratio of 10.23 and a beta of 0.58. The company has a current ratio of 0.68, a quick ratio of 0.23 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $40.27 and its 200 day moving average is $40.57. Old Republic International Corporation has a 1 year low of $35.60 and a 1 year high of $46.76.
Old Republic International (NYSE:ORI – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $0.76 EPS for the quarter, missing the consensus estimate 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 net margin of 11.71% and a return on equity of 15.41%. Old Republic International’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. Equities research analysts forecast that Old Republic International Corporation will post 2.91 earnings per share for the current fiscal year.
Old Republic International Announces Dividend
Institutional Investors Weigh In On Old Republic International
Institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in Old Republic International in the 4th quarter valued at approximately $26,000. Torren Management LLC bought a new position in shares of Old Republic International during the fourth quarter valued at $27,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Old Republic International during the fourth quarter worth $27,000. JPL Wealth Management LLC acquired a new position in shares of Old Republic International during the third quarter worth $27,000. Finally, Quest 10 Wealth Builders Inc. bought a new stake in shares of Old Republic International in the fourth quarter worth $31,000. 70.92% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on ORI. Weiss Ratings reiterated a “buy (b)” rating on shares of Old Republic International in a research note on Wednesday, July 8th. Raymond James Financial set a $44.00 price objective on Old Republic International in a research report on Monday, April 27th. Piper Sandler lowered their target price on Old Republic International from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Finally, Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.
View Our Latest Stock Analysis on Old Republic International
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.
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