Old Republic International Co. (NYSE:ORI – Get 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:ORI – Get 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
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
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.
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