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

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 5,526 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $39.28, for a total value of $217,061.28. Following the transaction, the senior vice president owned 27,875 shares of the company’s stock, valued at $1,094,930. This trade represents a 16.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 Stock Up 2.3%

Old Republic International stock traded up $0.91 during mid-day trading on Wednesday, reaching $41.12. 798,438 shares of the company were exchanged, compared to its average volume of 2,015,865. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.64. The firm has a market cap of $10.17 billion, a P/E ratio of 12.13 and a beta of 0.75. The business has a fifty day moving average of $43.53 and a 200 day moving average of $41.51. Old Republic International Corporation has a 12-month low of $34.43 and a 12-month high of $46.76.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.31 billion. Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same period in the previous year, the company posted $0.90 earnings per share. Research analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on ORI shares. Weiss Ratings reaffirmed a “buy (a)” rating on shares of Old Republic International in a report on Wednesday, December 24th. Zacks Research cut shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Finally, Piper Sandler reissued a “neutral” rating and set a $38.00 price target (down from $51.00) on shares of Old Republic International in a report 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Institutional Trading of Old Republic International

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Old Republic International by 30.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock valued at $477,000 after buying an additional 2,867 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Old Republic International by 121.9% in the first quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock worth $944,000 after acquiring an additional 13,224 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Old Republic International by 122.1% in the 1st quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock valued at $178,000 after purchasing an additional 2,493 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Old Republic International by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock worth $62,480,000 after buying an additional 148,891 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of Old Republic International by 31.8% in the second quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock valued at $323,000 after buying an additional 2,028 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

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.