Carolyn Monroe Sells 9,188 Shares of Old Republic International Co. (NYSE:ORI) Stock

Old Republic International Co. (NYSE:ORI) SVP Carolyn Monroe sold 9,188 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Old Republic International Stock Down 0.5 %

Shares of ORI stock opened at $36.57 on Friday. The stock has a 50 day moving average of $36.23 and a 200 day moving average of $35.70. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $9.27 billion, a P/E ratio of 13.90 and a beta of 0.88. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27.

Old Republic International (NYSE:ORI) last posted 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, sell-side analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 40.30%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com cut Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st. Piper Sandler lifted their price target on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, October 21st.

Institutional Trading of Old Republic International

A number of institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC boosted its stake in shares of Old Republic International by 10.6% in the fourth quarter. HighTower Advisors LLC now owns 54,852 shares of the insurance provider’s stock worth $1,985,000 after acquiring an additional 5,243 shares during the last quarter. Moors & Cabot Inc. boosted its stake in Old Republic International by 2.2% during the fourth quarter. Moors & Cabot Inc. now owns 23,030 shares of the insurance provider’s stock worth $833,000 after buying an additional 500 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Old Republic International during the fourth quarter worth $5,409,000. Fairway Wealth LLC acquired a new position in Old Republic International during the fourth quarter worth $29,000. Finally, Miller Financial Services LLC acquired a new position in Old Republic International during the fourth quarter worth $545,000. 70.92% of the stock is owned by institutional investors and hedge funds.

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.