Old Republic International (NYSE:ORI) SVP Carolyn Monroe Sells 4,386 Shares

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 4,386 shares of Old Republic International stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $42.01, for a total transaction of $184,255.86. Following the completion of the transaction, the senior vice president directly owned 27,875 shares in the company, valued at $1,171,028.75. This represents a 13.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 11th, Carolyn Monroe sold 1,788 shares of Old Republic International stock. The shares were sold at an average price of $42.26, for a total transaction of $75,560.88.

Old Republic International Trading Up 1.3%

Shares of NYSE:ORI opened at $42.64 on Friday. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 10.08 and a beta of 0.57. Old Republic International Corporation has a 1-year low of $36.65 and a 1-year high of $46.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.30 and a current ratio of 0.30. The company has a 50 day moving average price of $42.21 and a 200 day moving average price of $40.78.

Old Republic International (NYSE:ORI) last posted its quarterly 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). Old Republic International had a net margin of 11.71% and a return on equity of 15.41%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the prior year, the company posted $0.81 EPS. Old Republic International’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts anticipate that Old Republic International Corporation will post 2.91 EPS for the current fiscal year.

Old Republic International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, September 4th. Old Republic International’s payout ratio is presently 29.79%.

Analyst Ratings Changes

Several brokerages have recently commented on ORI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old Republic International in a report on Wednesday, July 8th. Piper Sandler dropped their price target 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. Finally, Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. One 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC acquired a new stake in Old Republic International during the 4th quarter worth about $27,000. JPL Wealth Management LLC acquired a new position in Old Republic International in the 3rd quarter valued at approximately $27,000. Hilton Head Capital Partners LLC acquired a new position in Old Republic International in the 4th quarter valued at approximately $38,000. International Assets Investment Management LLC purchased a new stake in Old Republic International in the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB lifted its position in Old Republic International by 28.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after buying an additional 222 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

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.