Old Republic International Corporation (NYSE:ORI – Get Free Report) SVP Carolyn Monroe sold 4,386 shares of Old Republic International stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $42.01, for a total value of $184,255.86. Following the transaction, the senior vice president owned 27,875 shares in the company, valued at approximately $1,171,028.75. This trade represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
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 NYSE ORI opened at $41.37 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 9.78 and a beta of 0.57. The stock’s fifty day simple moving average is $42.21 and its 200 day simple moving average is $40.79. Old Republic International Corporation has a 52-week low of $36.65 and a 52-week high of $46.76.
Old Republic International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.315 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. Old Republic International’s dividend payout ratio (DPR) is 29.79%.
Hedge Funds Weigh In On Old Republic International
A number of institutional investors have recently made changes to their positions in the business. Commonwealth Retirement Investments LLC acquired a new position in shares of Old Republic International during the fourth quarter valued at about $27,000. JPL Wealth Management LLC acquired a new stake in Old Republic International during the third quarter worth about $27,000. Hilton Head Capital Partners LLC bought a new position in Old Republic International during the fourth quarter valued at about $38,000. International Assets Investment Management LLC bought a new position in Old Republic International during the fourth quarter valued at about $41,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Old Republic International in the 4th quarter valued at approximately $46,000. 70.92% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Weiss Ratings raised Old Republic International from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. Zacks Research raised Old Republic International from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Piper Sandler cut their price target on Old Republic International from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.
View Our Latest Research Report on ORI
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.
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