Old Republic International (NYSE:ORI) Director Buys $11,970.00 in Stock

Key Points

• Director Therace Risch bought 300 shares on May 1 at an average price of $39.90 for a total of $11,970, raising her direct stake to 12,843 shares (a 2.39% increase).
• The company reported Q1 EPS of $0.68, missing analysts' estimates by $0.11, while revenue was $2.40 billion, up 6.7% year‑over‑year, with ROE of 15.71% and a net margin of 10.83%.
• Old Republic raised its quarterly dividend to $0.315 ($1.26 annualized) for a ~3.2% yield, and analysts' consensus is a "Moderate Buy" with an average price target of $42.00.

Old Republic International Corporation (NYSE:ORI - Get Free Report) Director Therace Risch bought 300 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $39.90 per share, for a total transaction of $11,970.00. Following the completion of the purchase, the director directly owned 12,843 shares of the company's stock, valued at $512,435.70. This represents a 2.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Old Republic International Price Performance

Shares of NYSE:ORI traded up $0.38 during trading on Tuesday, reaching $38.87. The company had a trading volume of 342,157 shares, compared to its average volume of 1,860,397. The company has a current ratio of 0.60, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a 12 month low of $35.60 and a 12 month high of $46.76. The company has a fifty day moving average of $40.78 and a two-hundred day moving average of $42.11. The stock has a market capitalization of $9.47 billion, a P/E ratio of 10.42 and a beta of 0.63.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.11). The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.Old Republic International's revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. Equities research analysts forecast that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 9th were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, March 9th. This is a positive change from Old Republic International's previous quarterly dividend of $0.29. Old Republic International's payout ratio is presently 33.78%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ORI. Raymond James Financial set a $44.00 target price on shares of Old Republic International in a research note on Monday, April 27th. Zacks Research lowered shares of Old Republic International from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of Old Republic International from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Friday, March 27th. Finally, Piper Sandler boosted their price objective on shares of Old Republic International from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $42.00.

Institutional Investors Weigh In On Old Republic International

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in Old Republic International during the fourth quarter worth about $26,000. Torren Management LLC purchased a new position in Old Republic International in the fourth quarter worth about $27,000. Commonwealth Retirement Investments LLC bought a new position in shares of Old Republic International in the fourth quarter worth approximately $27,000. JPL Wealth Management LLC bought a new position in shares of Old Republic International in the third quarter worth approximately $27,000. Finally, Quest 10 Wealth Builders Inc. bought a new position in shares of Old Republic International in the fourth quarter worth approximately $31,000. Institutional investors own 70.92% of the company's stock.

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.

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