Old Republic International Co. (NYSE:ORI) SVP Sells $396,265.38 in Stock

Old Republic International Co. (NYSE:ORI - Get Free Report) SVP Carolyn Monroe sold 10,601 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total value of $396,265.38. Following the transaction, the senior vice president now owns 35,755 shares in the company, valued at $1,336,521.90. This trade represents a 22.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, February 4th, Carolyn Monroe sold 9,188 shares of Old Republic International stock. The shares were sold at an average price of $36.35, for a total value of $333,983.80.

Old Republic International Price Performance

ORI stock traded up $0.02 during trading on Monday, hitting $38.16. The company had a trading volume of 670,428 shares, compared to its average volume of 1,219,429. The business has a 50 day moving average of $37.62 and a 200 day moving average of $36.83. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 14.50 and a beta of 0.68. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a fifty-two week low of $29.51 and a fifty-two week high of $39.84.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.08. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.03 billion. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 10th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.04%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 10th. Old Republic International's dividend payout ratio is presently 47.15%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ORI shares. Piper Sandler set a $42.00 price objective on Old Republic International in a research note on Friday, April 25th. StockNews.com upgraded shares of Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Finally, Raymond James set a $42.00 price objective on shares of Old Republic International and gave the company an "outperform" rating in a research report on Monday, April 28th.

Institutional Trading of Old Republic International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HWG Holdings LP acquired a new position in Old Republic International in the first quarter worth approximately $25,000. Alpine Bank Wealth Management acquired a new position in shares of Old Republic International in the first quarter worth about $31,000. Wilmington Savings Fund Society FSB purchased a new position in Old Republic International during the 3rd quarter worth approximately $28,000. Fairway Wealth LLC acquired a new position in Old Republic International during the fourth quarter valued at $29,000. Finally, Wayfinding Financial LLC acquired a new stake in Old Republic International during the 1st quarter worth about $34,000. 70.92% of the stock is currently owned by institutional investors.

About Old Republic International

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.

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