Carolyn Monroe Sells 1,788 Shares of Old Republic International (NYSE:ORI) Stock

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 1,788 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $42.26, for a total transaction of $75,560.88. Following the completion of the sale, the senior vice president directly owned 32,261 shares of the company’s stock, valued at $1,363,349.86. The trade was a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Old Republic International Price Performance

Old Republic International stock opened at $42.84 on Friday. Old Republic International Corporation has a 52 week low of $36.65 and a 52 week high of $46.76. The company’s 50 day moving average price is $41.29 and its two-hundred day moving average price is $40.64. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.38. The stock has a market cap of $10.34 billion, a P/E ratio of 10.13 and a beta of 0.58.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.03). The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. Old Republic International had a net margin of 11.71% and a return on equity of 15.41%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 earnings per share. On average, equities analysts predict that Old Republic International Corporation will post 2.91 earnings per share for the current year.

Old Republic International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, September 4th. Old Republic International’s dividend payout ratio is 29.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Piper Sandler lowered their target price on Old Republic International from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Raymond James Financial set a $44.00 price objective on shares of Old Republic International in a report on Monday, April 27th. Zacks Research raised shares of Old Republic International from a “strong sell” rating to a “hold” rating in a research report on Friday, June 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Old Republic International in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Old Republic International presently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

Institutional Trading of Old Republic International

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Old Republic International by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 12,241,253 shares of the insurance provider’s stock worth $488,426,000 after acquiring an additional 388,866 shares during the period. AQR Capital Management LLC raised its stake in Old Republic International by 30.7% in the 3rd quarter. AQR Capital Management LLC now owns 7,553,963 shares of the insurance provider’s stock valued at $319,155,000 after acquiring an additional 1,774,807 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Old Republic International by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 6,721,774 shares of the insurance provider’s stock valued at $268,202,000 after purchasing an additional 60,395 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Old Republic International by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 4,181,149 shares of the insurance provider’s stock valued at $190,870,000 after purchasing an additional 72,857 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Old Republic International by 0.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 3,949,102 shares of the insurance provider’s stock worth $170,364,000 after purchasing an additional 22,496 shares during the period. 70.92% of the stock is currently owned by institutional investors.

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.