Old Republic International Co. (NYSE:ORI) VP Thomas Dare Sells 27,457 Shares

Old Republic International Co. (NYSE:ORIGet Free Report) VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the transaction, the vice president now directly owns 46,556 shares of the company’s stock, valued at approximately $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Old Republic International Trading Up 2.2 %

Shares of NYSE:ORI opened at $37.41 on Friday. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 14.22 and a beta of 0.83. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.27. The company’s fifty day simple moving average is $36.33 and its 200 day simple moving average is $36.23. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

Old Republic International (NYSE:ORIGet Free Report) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.10%. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio is 44.11%.

Institutional Trading of Old Republic International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in Old Republic International during the third quarter worth $28,000. Fairway Wealth LLC acquired a new position in shares of Old Republic International during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. bought a new position in shares of Old Republic International in the 4th quarter valued at about $34,000. Core Alternative Capital acquired a new stake in shares of Old Republic International in the fourth quarter valued at about $36,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Old Republic International in the fourth quarter valued at about $39,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

View Our Latest Research Report on ORI

Old Republic International Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Old Republic International (NYSE:ORI)

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