Old Republic International (NYSE:ORI) Director John Eric Smith Acquires 1,135 Shares

Old Republic International Corporation (NYSE:ORI) Director John Eric Smith acquired 1,135 shares of Old Republic International stock in a transaction on Monday, March 2nd. The stock was purchased at an average price of $43.10 per share, with a total value of $48,918.50. Following the transaction, the director directly owned 4,276 shares in the company, valued at approximately $184,295.60. This trade represents a 36.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Old Republic International Stock Performance

Shares of NYSE ORI traded down $0.26 during trading hours on Thursday, reaching $42.20. The stock had a trading volume of 598,751 shares, compared to its average volume of 1,984,006. The business’s fifty day moving average is $42.27 and its two-hundred day moving average is $42.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 12.45 and a beta of 0.73. Old Republic International Corporation has a twelve month low of $34.43 and a twelve month high of $46.76.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same quarter last year, the company posted $0.90 EPS. As a group, research analysts expect that Old Republic International Corporation will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be paid a $0.315 dividend. The ex-dividend date is Monday, March 9th. This represents a $1.26 annualized dividend and a dividend yield of 3.0%. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. Old Republic International’s dividend payout ratio is currently 34.22%.

Analyst Upgrades and Downgrades

ORI has been the subject of several recent analyst reports. Zacks Research lowered Old Republic International from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings cut shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, February 27th. Finally, Piper Sandler restated a “neutral” rating and issued a $38.00 price target (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Old Republic International has an average rating of “Moderate Buy” and a consensus target price of $42.50.

Institutional Investors Weigh In On Old Republic International

Institutional investors and hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in Old Republic International in the fourth quarter valued at about $26,000. Torren Management LLC acquired a new position in Old Republic International during the 4th quarter valued at about $27,000. Commonwealth Retirement Investments LLC bought a new position in shares of Old Republic International in the 4th quarter valued at about $27,000. JPL Wealth Management LLC acquired a new stake in shares of Old Republic International during the 3rd quarter worth approximately $27,000. Finally, Clearstead Trust LLC raised its stake in shares of Old Republic International by 65.6% during the third quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock worth $31,000 after buying an additional 288 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

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. 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.