Old Republic International Co. (NYSE:ORI) VP Sells $39,987.40 in Stock

Old Republic International Co. (NYSE:ORI - Get Free Report) VP Thomas Dare sold 1,292 shares of the firm's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $30.95, for a total transaction of $39,987.40. Following the completion of the transaction, the vice president now owns 47,764 shares in the company, valued at approximately $1,478,295.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Old Republic International Stock Up 0.2 %

ORI stock traded up $0.06 during midday trading on Wednesday, hitting $31.14. 1,792,818 shares of the company's stock were exchanged, compared to its average volume of 1,756,947. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 12.12 and a beta of 0.81. The company has a current ratio of 1.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average price of $29.88 and a 200-day moving average price of $29.10. Old Republic International Co. has a 12-month low of $24.17 and a 12-month high of $31.32.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a $0.265 dividend. The ex-dividend date was Friday, March 8th. This is a boost from Old Republic International's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 3.40%. Old Republic International's dividend payout ratio is currently 41.25%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ORI. Norges Bank bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $89,446,000. UBS Group AG increased its position in Old Republic International by 1,208.9% in the third quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider's stock worth $40,715,000 after buying an additional 1,395,849 shares during the period. California Public Employees Retirement System lifted its stake in Old Republic International by 174.1% in the fourth quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider's stock valued at $40,590,000 after buying an additional 876,872 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Old Republic International by 55.2% during the third quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider's stock valued at $60,966,000 after acquiring an additional 804,803 shares during the period. Finally, Boston Financial Mangement LLC grew its position in shares of Old Republic International by 701.3% during the third quarter. Boston Financial Mangement LLC now owns 777,128 shares of the insurance provider's stock worth $20,936,000 after acquiring an additional 680,146 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on ORI shares. StockNews.com raised shares of Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 26th. Piper Sandler boosted their price objective on shares of Old Republic International from $32.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, April 1st.

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.