Insider Selling: Old Republic International Corporation (NYSE:ORI) SVP Sells 6,849 Shares of 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 business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $36.52, for a total transaction of $250,125.48. Following the completion of the sale, the senior vice president owned 35,755 shares in the company, valued at approximately $1,305,772.60. This trade represents a 16.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Old Republic International Trading Up 0.5%

Shares of Old Republic International stock traded up $0.17 during trading on Friday, hitting $37.26. The stock had a trading volume of 292,164 shares, compared to its average volume of 1,325,315. Old Republic International Corporation has a 1 year low of $33.00 and a 1 year high of $39.84. The stock has a 50 day simple moving average of $37.14 and a 200 day simple moving average of $37.28. The company has a quick ratio of 0.24, a current ratio of 0.25 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $9.26 billion, a PE ratio of 12.76 and a beta of 0.74.

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

Old Republic International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, June 6th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's payout ratio is presently 39.73%.

Analyst Ratings Changes

Several research firms have issued reports on ORI. Raymond James Financial set a $42.00 price target on Old Republic International and gave the company an "outperform" rating in a report on Monday, April 28th. Wall Street Zen cut Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Piper Sandler reduced their target price on Old Republic International from $42.00 to $41.00 and set an "overweight" rating for the company in a report on Friday, July 25th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ORI. HWG Holdings LP acquired a new position in shares of Old Republic International in the 1st quarter valued at about $25,000. 1 North Wealth Services LLC purchased a new position in Old Republic International during the first quarter valued at approximately $29,000. Quarry LP grew its position in Old Republic International by 6,645.5% during the first quarter. Quarry LP now owns 742 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 731 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Old Republic International in the 1st quarter valued at approximately $31,000. Finally, Wayfinding Financial LLC purchased a new stake in Old Republic International in the 1st quarter worth approximately $34,000. 70.92% of the stock is owned by institutional investors and hedge funds.

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.