Old Republic International (NYSE:ORI) SVP Carolyn Monroe Sells 5,526 Shares of Stock

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 5,526 shares of Old Republic International stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the transaction, the senior vice president directly owned 27,875 shares of the company’s stock, valued at $1,094,930. This represents a 16.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Carolyn Monroe also recently made the following trade(s):

• On Friday, November 14th, Carolyn Monroe sold 6,680 shares of Old Republic International stock. The stock was sold at an average price of $44.54, for a total transaction of $297,527.20.

Old Republic International Stock Up 2.3%

Shares of ORI stock traded up $0.91 on Wednesday, reaching $41.12. 798,438 shares of the company were exchanged, compared to its average volume of 2,015,865. Old Republic International Corporation has a one year low of $34.43 and a one year high of $46.76. The company has a market cap of $10.17 billion, a price-to-earnings ratio of 12.13 and a beta of 0.75. The company has a 50-day moving average of $43.53 and a 200-day moving average of $41.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.64 and a quick ratio of 0.26.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.31 billion. Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. During the same quarter last year, the firm posted $0.90 EPS. Analysts anticipate that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, January 2nd were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Friday, January 2nd. Old Republic International’s dividend payout ratio is currently 34.22%.

Wall Street Analyst Weigh In

ORI has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (a)” rating on shares of Old Republic International in a research report on Wednesday, December 24th. Zacks Research downgraded Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Finally, Piper Sandler reissued a “neutral” rating and issued a $38.00 target price (down previously from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.50.

Institutional Trading of Old Republic International

Institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in Old Republic International in the fourth quarter worth about $26,000. Torren Management LLC purchased a new stake in shares of Old Republic International during the fourth quarter worth about $27,000. JPL Wealth Management LLC purchased a new stake in Old Republic International during the 3rd quarter valued at approximately $27,000. Clearstead Trust LLC boosted its holdings in shares of Old Republic International by 65.6% during the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 288 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. purchased a new stake in shares of Old Republic International in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.