Insider Selling: Old Republic International Co. (NYSE:ORI) SVP Sells 9,188 Shares of Stock

Old Republic International Co. (NYSE:ORI - Get Free Report) SVP Carolyn Monroe sold 9,188 shares of Old Republic International stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total value of $333,983.80. Following the transaction, the senior vice president now owns 33,556 shares in the company, valued at $1,219,760.60. This trade represents a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Old Republic International Trading Down 1.2 %

ORI traded down $0.46 during trading hours on Monday, reaching $36.10. 693,507 shares of the company's stock traded hands, compared to its average volume of 1,157,604. 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 firm has a 50-day moving average price of $36.18 and a 200 day moving average price of $35.78. Old Republic International Co. has a 52-week low of $28.13 and a 52-week high of $39.27. The firm has a market capitalization of $9.15 billion, a PE ratio of 13.72 and a beta of 0.88.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly 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 net margin of 10.36% and a return on equity of 20.32%. As a group, sell-side analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Dividend Announcement

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

Institutional Investors Weigh In On Old Republic International

A number of institutional investors and hedge funds have recently bought and sold shares of ORI. Parallel Advisors LLC lifted its position in shares of Old Republic International by 1.6% in the 4th quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider's stock worth $683,000 after purchasing an additional 290 shares during the period. Venturi Wealth Management LLC increased its position in shares of Old Republic International by 1.6% during the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock worth $677,000 after purchasing an additional 295 shares in the last quarter. Ironwood Investment Management LLC lifted its holdings in shares of Old Republic International by 1.3% during the 4th quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider's stock valued at $850,000 after purchasing an additional 301 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock valued at $279,000 after purchasing an additional 302 shares during the last quarter. Finally, Berry Wealth Group LP boosted its position in shares of Old Republic International by 5.2% in the 4th 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. 70.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ORI. 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 target price on shares of Old Republic International from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, October 21st.

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.