Old Republic International Co. (NYSE:ORI) VP Sells $1,002,180.50 in Stock

Old Republic International Co. (NYSE:ORIGet Free Report) VP Thomas Dare sold 27,457 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the transaction, the vice president now owns 46,556 shares of the company’s stock, valued at $1,699,294. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Old Republic International Price Performance

ORI stock opened at $37.41 on Friday. The company has a market capitalization of $9.28 billion, a P/E ratio of 14.22 and a beta of 0.83. The company has a fifty day moving average price of $36.33 and a 200-day moving average price of $36.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International Co. has a 52-week low of $28.59 and a 52-week high of $39.27.

Old Republic International (NYSE:ORIGet Free Report) last announced its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. As a group, equities analysts expect that Old Republic International Co. will post 3.17 EPS for the current year.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a $0.29 dividend. The ex-dividend date is Monday, March 10th. This is a boost from Old Republic International’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.10%. Old Republic International’s dividend payout ratio is presently 44.11%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in Old Republic International by 1.6% in the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock valued at $683,000 after buying an additional 290 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Old Republic International by 1.6% during the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock valued at $677,000 after purchasing an additional 295 shares in the last quarter. Ironwood Investment Management LLC grew its stake in Old Republic International by 1.3% during the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider’s stock worth $850,000 after purchasing an additional 301 shares during the period. Atomi Financial Group Inc. grew its stake in Old Republic International by 4.1% during the fourth quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after purchasing an additional 302 shares during the period. Finally, Berry Wealth Group LP increased its holdings in Old Republic International by 5.2% in the fourth quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock worth $226,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Check Out Our Latest Analysis on ORI

About Old Republic International

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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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Insider Buying and Selling by Quarter for Old Republic International (NYSE:ORI)

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