Carolyn Monroe Sells 9,188 Shares of Old Republic International Co. (NYSE:ORI) Stock

Old Republic International Co. (NYSE:ORI) SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at $1,219,760.60. This represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Old Republic International Stock Performance

Old Republic International stock opened at $36.75 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $9.32 billion, a PE ratio of 13.97 and a beta of 0.88. The firm has a fifty day simple moving average of $36.27 and a two-hundred day simple moving average of $35.69. Old Republic International Co. has a twelve month low of $27.19 and a twelve month high of $39.27.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) 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%. Research analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s payout ratio is 40.30%.

Hedge Funds Weigh In On Old Republic International

A number of hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Old Republic International in the fourth quarter valued at about $67,054,000. Proficio Capital Partners LLC purchased a new position in shares of Old Republic International in the fourth quarter valued at about $3,573,000. SPC Financial Inc. increased its position in shares of Old Republic International by 1.8% during the fourth quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider’s stock valued at $652,000 after buying an additional 312 shares during the period. Assetmark Inc. increased its position in shares of Old Republic International by 6.5% during the fourth quarter. Assetmark Inc. now owns 114,237 shares of the insurance provider’s stock valued at $4,134,000 after buying an additional 6,923 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Old Republic International during the fourth quarter valued at about $283,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.