Old Republic International Corporation (NYSE:ORI) SVP Sells $250,125.48 in Stock

Key Points

• On July 31st, Old Republic International's SVP Carolyn Monroe sold 6,849 shares at an average price of $36.52, totaling approximately $250,125.48, which decreased her ownership by 16.08%.
• The company reported $0.83 EPS for the last quarter, surpassing analysts' expectations, with revenue of $2.21 billion, a 10.1% increase year-over-year.
• Old Republic declared a quarterly dividend of $0.29, resulting in an annualized dividend yield of 3.2% and a payout ratio of 39.73%.

Old Republic International Corporation (NYSE:ORI - Get Free Report) SVP Carolyn Monroe sold 6,849 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $36.52, for a total value of $250,125.48. Following the sale, the senior vice president owned 35,755 shares in the company, valued at approximately $1,305,772.60. This represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Old Republic International Price Performance

NYSE ORI traded up $0.41 on Monday, reaching $36.32. 562,436 shares of the company's stock traded hands, compared to its average volume of 1,328,627. Old Republic International Corporation has a 12 month low of $33.00 and a 12 month high of $39.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.24. The stock has a 50-day simple moving average of $37.20 and a 200 day simple moving average of $37.27. The stock has a market cap of $8.98 billion, a PE ratio of 12.44 and a beta of 0.74.

Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.04. The business had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Old Republic International had a net margin of 10.31% and a return on equity of 20.95%. The firm's revenue was up 10.1% compared to the same quarter last year. As a group, research analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.16 dividend on an annualized basis and a yield of 3.2%. Old Republic International's dividend payout ratio (DPR) is presently 39.73%.

Institutional Trading of Old Republic International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORI. AQR Capital Management LLC lifted its stake in Old Republic International by 96.9% in the first quarter. AQR Capital Management LLC now owns 3,712,191 shares of the insurance provider's stock worth $145,481,000 after acquiring an additional 1,827,180 shares during the period. Nuveen LLC purchased a new stake in Old Republic International in the first quarter worth $31,866,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Old Republic International in the second quarter worth $19,299,000. Invesco Ltd. lifted its stake in Old Republic International by 26.4% in the fourth quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock worth $85,044,000 after acquiring an additional 490,788 shares during the period. Finally, GW&K Investment Management LLC lifted its stake in Old Republic International by 44.4% in the first quarter. GW&K Investment Management LLC now owns 1,436,051 shares of the insurance provider's stock worth $56,322,000 after acquiring an additional 441,799 shares during the period. Hedge funds and other institutional investors own 70.92% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ORI shares. Piper Sandler decreased their price objective on shares of Old Republic International from $42.00 to $41.00 and set an "overweight" rating on the stock in a research report on Friday, July 25th. Wall Street Zen cut shares of Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Raymond James Financial set a $42.00 price objective on shares of Old Republic International and gave the stock an "outperform" rating in a research report on Monday, April 28th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.