Old Republic International (NYSE:ORI) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Old Republic International shares rose above their 200-day moving average, reaching $42.07 before trading at $41.78. Analysts maintain a “Moderate Buy” consensus, with an average price target of $41.50.
• The insurer reported quarterly revenue of $2.50 billion, exceeding estimates, but EPS of $0.76 fell short of the $0.79 consensus. Revenue increased 5.2% year over year, while analysts project full-year EPS of $2.91.
• Old Republic declared a quarterly dividend of $0.315, equivalent to $1.26 annually and a 3.0% yield. Insiders have sold nearly 29,000 shares worth approximately $1.27 million over the past three months, while institutional investors own 70.92% of the stock.

Old Republic International Corporation (NYSE:ORI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $40.79 and traded as high as $42.07. Old Republic International shares last traded at $41.78, with a volume of 1,746,816 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on ORI shares. Weiss Ratings restated a "buy (b)" rating on shares of Old Republic International in a research note on Wednesday, July 8th. Piper Sandler lowered their price target on Old Republic International from $40.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Finally, Zacks Research raised Old Republic International from a "strong sell" rating to a "hold" rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.50.

Old Republic International Trading Down 0.7%

The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.38. The business's 50-day moving average is $42.08 and its two-hundred day moving average is $40.79. The firm has a market cap of $10.09 billion, a P/E ratio of 9.88 and a beta of 0.58.

Old Republic International (NYSE:ORI - Get Free Report) last issued its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.03). The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.The business's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS. As a group, analysts expect that Old Republic International Corporation will post 2.91 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a $0.315 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.26 annualized dividend and a yield of 3.0%. Old Republic International's dividend payout ratio (DPR) is currently 29.79%.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 1,788 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $42.26, for a total transaction of $75,560.88. Following the completion of the transaction, the senior vice president owned 32,261 shares in the company, valued at approximately $1,363,349.86. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jeffrey Lange sold 14,075 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $43.76, for a total transaction of $615,922.00. Following the completion of the sale, the senior vice president directly owned 12,244 shares in the company, valued at approximately $535,797.44. This trade represents a 53.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 28,988 shares of company stock worth $1,268,458. 1.32% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB increased its stake in shares of Old Republic International by 28.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 222 shares during the period. Aptus Capital Advisors LLC boosted its position in shares of Old Republic International by 5.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 5,421 shares of the insurance provider's stock worth $247,000 after buying an additional 257 shares during the period. Waverly Advisors LLC grew its holdings in Old Republic International by 2.3% in the 1st quarter. Waverly Advisors LLC now owns 12,760 shares of the insurance provider's stock worth $509,000 after buying an additional 288 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Old Republic International by 1.1% in the 1st quarter. Pacer Advisors Inc. now owns 27,033 shares of the insurance provider's stock worth $1,079,000 after buying an additional 293 shares in the last quarter. Finally, Mainsail Asset Management LLC increased its position in Old Republic International by 5.9% in the 4th quarter. Mainsail Asset Management LLC now owns 5,389 shares of the insurance provider's stock valued at $246,000 after acquiring an additional 300 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

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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