Insider Selling: Old Republic International Corporation (ORI) VP Sells 15,000 Shares of Stock
Old Republic International Corporation (NYSE:ORI) VP Charles S. Boone sold 15,000 shares of Old Republic International stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $20.96, for a total value of $314,400.00. Following the completion of the sale, the vice president now owns 22,750 shares of the company’s stock, valued at $476,840. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Old Republic International Corporation (NYSE ORI) traded up $0.09 during trading hours on Monday, reaching $20.76. The company’s stock had a trading volume of 1,090,190 shares, compared to its average volume of 1,346,880. The stock has a market capitalization of $5,503.01, a PE ratio of 17.10 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.51 and a quick ratio of 0.51. Old Republic International Corporation has a fifty-two week low of $17.53 and a fifty-two week high of $21.19.
Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, October 26th. The insurance provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Old Republic International had a return on equity of 7.50% and a net margin of 6.45%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. equities analysts forecast that Old Republic International Corporation will post 1.17 earnings per share for the current year.
Several equities research analysts recently commented on ORI shares. Zacks Investment Research upgraded Old Republic International from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the stock from $23.00 to $25.00 in a report on Monday, October 30th.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Old Republic International by 1.1% in the second quarter. Vanguard Group Inc. now owns 21,094,198 shares of the insurance provider’s stock worth $411,970,000 after purchasing an additional 233,650 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Old Republic International by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 7,034,650 shares of the insurance provider’s stock worth $137,392,000 after purchasing an additional 64,292 shares during the last quarter. Renaissance Technologies LLC boosted its position in Old Republic International by 13.6% in the second quarter. Renaissance Technologies LLC now owns 6,825,385 shares of the insurance provider’s stock worth $133,300,000 after purchasing an additional 815,600 shares during the last quarter. Prudential Financial Inc. boosted its position in Old Republic International by 6.2% in the third quarter. Prudential Financial Inc. now owns 2,460,286 shares of the insurance provider’s stock worth $48,443,000 after purchasing an additional 143,040 shares during the last quarter. Finally, M&T Bank Corp boosted its position in Old Republic International by 2.5% in the second quarter. M&T Bank Corp now owns 1,698,125 shares of the insurance provider’s stock worth $33,166,000 after purchasing an additional 41,316 shares during the last quarter. 70.67% of the stock is currently owned by institutional investors and hedge funds.
About Old Republic International
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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