Old Republic International Co. (NYSE:ORI) CEO Sells $204,425.60 in Stock

Old Republic International Co. (NYSE:ORI) CEO Craig R. Smiddy sold 5,296 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now directly owns 138,222 shares of the company’s stock, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Old Republic International Trading Down 1.3 %

Shares of Old Republic International stock opened at $37.28 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a 52 week low of $28.59 and a 52 week high of $39.27. The stock has a 50 day moving average price of $36.23 and a two-hundred day moving average price of $36.17. The stock has a market capitalization of $9.25 billion, a PE ratio of 14.17 and a beta of 0.83.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. As a group, equities analysts anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in shares of Old Republic International by 1.6% in the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock valued at $683,000 after purchasing an additional 290 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Old Republic International by 1.6% in the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock valued at $677,000 after purchasing an additional 295 shares in the last quarter. Ironwood Investment Management LLC lifted its holdings in shares of Old Republic International by 1.3% in the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider’s stock valued at $850,000 after purchasing an additional 301 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Old Republic International by 4.1% in the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 302 shares in the last quarter. Finally, Berry Wealth Group LP lifted its holdings in shares of Old Republic International by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

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.