Insider Selling: Old Republic International Co. (NYSE:ORI) SVP Sells $40,142.88 in Stock

Old Republic International Co. (NYSE:ORI) SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now owns 34,679 shares in the company, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $36.75 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a market cap of $9.32 billion, a PE ratio of 13.97 and a beta of 0.88. The stock’s fifty day simple moving average is $36.27 and its two-hundred day simple moving average is $35.69. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is presently 40.30%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ORI shares. StockNews.com downgraded shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 1st. Piper Sandler boosted their price objective on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st.

Institutional Trading of Old Republic International

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP increased its position in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Old Republic International during the third quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new stake in Old Republic International during the third quarter worth about $31,000. SBI Securities Co. Ltd. bought a new stake in Old Republic International in the fourth quarter worth about $34,000. Finally, Core Alternative Capital bought a new stake in Old Republic International in the fourth quarter worth about $36,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

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.