Carolyn Monroe Sells 4,386 Shares of Old Republic International (NYSE:ORI) Stock

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 4,386 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $42.01, for a total transaction of $184,255.86. Following the completion of the transaction, the senior vice president owned 27,875 shares in the company, valued at $1,171,028.75. This represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Carolyn Monroe also recently made the following trade(s):

• On Tuesday, August 11th, Carolyn Monroe sold 1,788 shares of Old Republic International stock. The stock was sold at an average price of $42.26, for a total transaction of $75,560.88.

Old Republic International Stock Down 2.8%

Shares of NYSE:ORI opened at $41.37 on Friday. The firm has a 50 day simple moving average of $42.21 and a 200-day simple moving average of $40.79. Old Republic International Corporation has a twelve month low of $36.65 and a twelve month high of $46.76. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $9.99 billion, a PE ratio of 9.78 and a beta of 0.57.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Old Republic International had a net margin of 11.71% and a return on equity of 15.41%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period last year, the business earned $0.81 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts predict that Old Republic International Corporation will post 2.91 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, September 4th. Old Republic International’s dividend payout ratio is currently 29.79%.

Analysts Set New Price Targets

ORI has been the topic of a number of research analyst reports. Piper Sandler cut their target price on Old Republic International from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings upgraded Old Republic International from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Old Republic International has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Old Republic International in the second quarter valued at $618,000. California State Teachers Retirement System boosted its stake in shares of Old Republic International by 3,876.8% during the second quarter. California State Teachers Retirement System now owns 10,929,446 shares of the insurance provider’s stock worth $447,233,000 after buying an additional 10,654,615 shares during the period. AlphaGrep UK Ltd purchased a new position in shares of Old Republic International during the second quarter worth about $547,000. Markowski Investments purchased a new position in shares of Old Republic International during the second quarter worth about $273,000. Finally, denkapparat Operations GmbH increased its position in Old Republic International by 27.2% in the 2nd quarter. denkapparat Operations GmbH now owns 26,446 shares of the insurance provider’s stock valued at $1,082,000 after acquiring an additional 5,660 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

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.