Old Republic International (NYSE:ORI) SVP Sells 4,386 Shares of Stock

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 4,386 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $42.01, for a total transaction of $184,255.86. Following the completion of the transaction, the senior vice president owned 27,875 shares in the company, valued at approximately $1,171,028.75. This represents a 13.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 shares were sold at an average price of $42.26, for a total transaction of $75,560.88.

Old Republic International Stock Up 1.6%

Shares of ORI traded up $0.66 on Thursday, hitting $42.75. 382,946 shares of the stock traded hands, compared to its average volume of 1,605,748. Old Republic International Corporation has a one year low of $36.65 and a one year high of $46.76. The company has a market capitalization of $10.32 billion, a PE ratio of 10.11 and a beta of 0.57. The business has a 50 day simple moving average of $42.15 and a 200 day simple moving average of $40.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.30 and a current ratio of 0.30.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.03). The business 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%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share. As a group, equities analysts forecast that Old Republic International Corporation will post 2.91 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.315 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.26 annualized dividend and a dividend yield of 2.9%. Old Republic International’s dividend payout ratio (DPR) is 29.79%.

Hedge Funds Weigh In On Old Republic International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in Old Republic International in the second quarter valued at about $491,660,000. California State Teachers Retirement System grew its stake in shares of Old Republic International by 3,876.8% during the 2nd quarter. California State Teachers Retirement System now owns 10,929,446 shares of the insurance provider’s stock valued at $447,233,000 after purchasing an additional 10,654,615 shares during the period. GQG Partners LLC purchased a new stake in shares of Old Republic International during the 4th quarter valued at about $155,960,000. Norges Bank purchased a new stake in shares of Old Republic International during the 4th quarter valued at about $134,633,000. Finally, AQR Capital Management LLC lifted its stake in shares of Old Republic International by 55.7% in the 2nd quarter. AQR Capital Management LLC now owns 5,779,156 shares of the insurance provider’s stock worth $221,457,000 after purchasing an additional 2,066,965 shares during the period. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on ORI shares. Piper Sandler decreased their target price on Old Republic International from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Zacks Research raised shares of Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Old Republic International in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Old Republic International currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.50.

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.