Old Republic International Co. (NYSE:ORI) CEO Sells $204,425.60 in Stock

Old Republic International Co. (NYSE:ORI) CEO Craig R. Smiddy sold 5,296 shares of Old Republic International stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total transaction of $204,425.60. Following the completion of the transaction, the chief executive officer now owns 138,222 shares of the company’s stock, valued at $5,335,369.20. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Old Republic International Price Performance

Shares of Old Republic International stock traded up $0.41 during trading on Wednesday, reaching $37.82. The company’s stock had a trading volume of 641,745 shares, compared to its average volume of 1,110,189. Old Republic International Co. has a one year low of $28.59 and a one year high of $39.27. The stock has a market capitalization of $9.59 billion, a P/E ratio of 14.39 and a beta of 0.88. 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 50-day moving average price of $36.17 and a two-hundred day moving average price of $36.13.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping 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, sell-side analysts anticipate that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a $0.29 dividend. The ex-dividend date is Monday, March 10th. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.07%. Old Republic International’s dividend payout ratio (DPR) is presently 44.11%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Old Republic International

A number of institutional investors have recently bought and sold shares of ORI. Wilmington Savings Fund Society FSB bought a new position in shares of Old Republic International in the 3rd quarter worth $28,000. Fairway Wealth LLC acquired a new position in Old Republic International in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in Old Republic International during the fourth quarter worth about $34,000. Core Alternative Capital bought a new position in Old Republic International during the fourth quarter worth about $36,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Old Republic International during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

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.