Old Republic International Co. (NYSE:ORI – Get Free Report) SVP Carolyn Monroe sold 3,377 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total value of $101,445.08. Following the completion of the sale, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,008,022.24. The transaction was disclosed in a filing with the SEC, which is available at this link.
Old Republic International Stock Down 0.1 %
ORI opened at $30.62 on Friday. The stock has a market capitalization of $8.44 billion, a P/E ratio of 11.91 and a beta of 0.81. Old Republic International Co. has a one year low of $24.17 and a one year high of $31.22. The business’s 50-day simple moving average is $29.76 and its 200-day simple moving average is $29.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.25 and a current ratio of 1.28.
Old Republic International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were paid a $0.265 dividend. This is a boost from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 3.46%. The ex-dividend date was Friday, March 8th. Old Republic International’s payout ratio is currently 41.25%.
Hedge Funds Weigh In On Old Republic International
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on ORI. Piper Sandler upped their price target on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.
Check Out Our Latest Stock Analysis 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.
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