Old Republic International (NYSE:ORI) SVP Carolyn Monroe Sells 5,526 Shares of Stock

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 5,526 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the transaction, the senior vice president owned 27,875 shares in the company, valued at approximately $1,094,930. The trade was a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, November 14th, Carolyn Monroe sold 6,680 shares of Old Republic International stock. The stock was sold at an average price of $44.54, for a total transaction of $297,527.20.

Old Republic International Trading Up 1.5%

Shares of ORI opened at $40.81 on Thursday. The stock’s fifty day simple moving average is $43.41 and its 200 day simple moving average is $41.50. Old Republic International Corporation has a twelve month low of $34.43 and a twelve month high of $46.76. The company has a current ratio of 0.64, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $10.10 billion, a P/E ratio of 12.04 and a beta of 0.75.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the firm earned $0.90 earnings per share. On average, equities research analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, January 2nd were paid a $2.50 dividend. The ex-dividend date was Friday, January 2nd. Old Republic International’s dividend payout ratio (DPR) is 34.22%.

Institutional Investors Weigh In On Old Republic International

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its holdings in Old Republic International by 1.3% during the 4th quarter. Allworth Financial LP now owns 47,021 shares of the insurance provider’s stock worth $2,146,000 after buying an additional 588 shares during the period. Mainsail Asset Management LLC grew its stake in Old Republic International by 5.9% in the fourth quarter. Mainsail Asset Management LLC now owns 5,389 shares of the insurance provider’s stock valued at $246,000 after purchasing an additional 300 shares in the last quarter. World Investment Advisors grew its stake in shares of Old Republic International by 42.9% in the 4th quarter. World Investment Advisors now owns 13,194 shares of the insurance provider’s stock valued at $601,000 after buying an additional 3,963 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in Old Republic International by 11.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 5,399 shares of the insurance provider’s stock valued at $246,000 after acquiring an additional 534 shares during the last quarter. Finally, Swiss Life Asset Management Ltd grew its position in Old Republic International by 55.9% in the fourth quarter. Swiss Life Asset Management Ltd now owns 16,776 shares of the insurance provider’s stock worth $766,000 after acquiring an additional 6,018 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on ORI. Zacks Research cut Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Old Republic International in a report on Wednesday, December 24th. Finally, Piper Sandler restated a “neutral” rating and set a $38.00 price objective (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

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.