Old Republic International (NYSE:ORI) EVP Sells $188,474.13 in Stock

Key Points

• Stephen Oberst, EVP of Old Republic International, sold 4,797 shares at an average price of $39.29, totaling $188,474.13, reducing his ownership by 8.07% to 54,661 shares.
• The company reported a quarterly earnings of $0.83 per share, exceeding analysts' expectations of $0.79, with a revenue of $2.21 billion and a year-on-year increase of 10.1%.
• Old Republic International announced a quarterly dividend of $0.29, reflecting an annualized yield of 2.9%, with a dividend payout ratio of 39.73%.

Old Republic International Corporation (NYSE:ORI - Get Free Report) EVP Stephen Oberst sold 4,797 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $39.29, for a total value of $188,474.13. Following the sale, the executive vice president owned 54,661 shares in the company, valued at $2,147,630.69. The trade was a 8.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Old Republic International Stock Performance

Shares of Old Republic International stock traded down $0.3050 on Monday, reaching $39.6250. 330,307 shares of the company were exchanged, compared to its average volume of 1,323,850. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.25 and a current ratio of 0.25. The company's 50-day moving average is $37.42 and its two-hundred day moving average is $37.45. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 13.57 and a beta of 0.74. Old Republic International Corporation has a 1-year low of $33.00 and a 1-year high of $40.20.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The insurance provider reported $0.83 earnings per share for the quarter, topping 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 return on equity of 20.95% and a net margin of 10.31%.The firm's revenue was up 10.1% compared to the same quarter last year. As a group, research analysts expect that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Old Republic International's dividend payout ratio is 39.73%.

Analyst Upgrades and Downgrades

ORI has been the subject of a number of recent analyst reports. Wall Street Zen lowered Old Republic International from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Piper Sandler decreased their price objective 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. Finally, Raymond James Financial set a $42.00 price target on Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $41.50.

Institutional Investors Weigh In On Old Republic International

Large investors have recently modified their holdings of the stock. HWG Holdings LP bought a new stake in shares of Old Republic International during the 1st quarter worth $25,000. 1 North Wealth Services LLC bought a new stake in shares of Old Republic International during the 1st quarter worth $29,000. Quarry LP boosted its stake in shares of Old Republic International by 6,645.5% during the 1st quarter. Quarry LP now owns 742 shares of the insurance provider's stock worth $29,000 after acquiring an additional 731 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Old Republic International during the 1st quarter worth $31,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Old Republic International in the first quarter valued at $35,000. 70.92% of the stock is owned by institutional investors.

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.

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