Insider Buying: Old Republic International (NYSE:ORI) Director Buys 1,000 Shares of Stock

Old Republic International Corporation (NYSE:ORI) Director Therace Risch bought 1,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $39.14 per share, with a total value of $39,140.00. Following the completion of the acquisition, the director owned 10,625 shares of the company’s stock, valued at $415,862.50. This represents a 10.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Therace Risch also recently made the following trade(s):

• On Tuesday, September 2nd, Therace Risch bought 1,500 shares of Old Republic International stock. The stock was bought at an average cost of $39.90 per share, with a total value of $59,850.00.

Old Republic International Price Performance

Shares of ORI traded up $0.49 during mid-day trading on Tuesday, reaching $39.84. 908,038 shares of the company’s stock were exchanged, compared to its average volume of 1,342,900. The company has a quick ratio of 0.25, a current ratio of 0.64 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $41.04 and a two-hundred day simple moving average of $38.78. Old Republic International Corporation has a 52-week low of $33.00 and a 52-week high of $44.00. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 13.34 and a beta of 0.76.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Friday, October 24th. The insurance provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Old Republic International had a net margin of 9.53% and a return on equity of 17.11%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.28 billion. On average, sell-side analysts predict that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were given a dividend of $0.29 per share. The ex-dividend date was Friday, September 5th. This represents a $1.16 dividend on an annualized basis and a yield of 2.9%. Old Republic International’s dividend payout ratio (DPR) is 38.80%.

Institutional Trading of Old Republic International

A number of institutional investors have recently made changes to their positions in the stock. Martingale Asset Management L P lifted its stake in shares of Old Republic International by 3.4% in the 1st quarter. Martingale Asset Management L P now owns 8,241 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 269 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Old Republic International by 29.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,219 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 274 shares in the last quarter. Burney Co. raised its holdings in shares of Old Republic International by 0.3% in the 2nd quarter. Burney Co. now owns 89,901 shares of the insurance provider’s stock worth $3,456,000 after purchasing an additional 276 shares in the last quarter. Centennial Wealth Advisory LLC raised its holdings in shares of Old Republic International by 2.3% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 13,099 shares of the insurance provider’s stock worth $556,000 after purchasing an additional 289 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Old Republic International by 37.1% during the third quarter. SJS Investment Consulting Inc. now owns 1,101 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 298 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ORI has been the topic of a number of analyst reports. Piper Sandler decreased their target price on shares of Old Republic International from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Old Republic International in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $43.00 to $47.00 in a research report on Monday, September 22nd. Two research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average target price of $46.50.

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.