Old Republic International Co. (NYSE:ORI) SVP Jeffrey Lange Sells 1,098 Shares of Stock

Old Republic International Co. (NYSE:ORI - Get Free Report) SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the sale, the senior vice president now directly owns 34,679 shares of the company's stock, valued at $1,267,864.24. This represents a 3.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Old Republic International Stock Down 0.5 %

Shares of NYSE:ORI traded down $0.19 on Friday, reaching $36.57. The company had a trading volume of 629,929 shares, compared to its average volume of 1,099,208. The firm has a market capitalization of $9.27 billion, a PE ratio of 13.90 and a beta of 0.88. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 52-week low of $27.19 and a 52-week high of $39.27. The firm's 50 day simple moving average is $36.18 and its 200-day simple moving average is $35.73.

Old Republic International (NYSE:ORI - Get Free Report) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating 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, analysts expect that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Announces Dividend

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

Institutional Investors Weigh In On Old Republic International

Several institutional investors have recently bought and sold shares of the company. Allworth Financial LP raised its stake in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock valued at $26,000 after buying an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Old Republic International during the 3rd quarter valued at approximately $28,000. Fairway Wealth LLC purchased a new position in shares of Old Republic International in the fourth quarter worth $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International during the third quarter worth $31,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Old Republic International during the fourth quarter valued at $34,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ORI shares. Piper Sandler raised their price target on Old Republic International from $36.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. StockNews.com lowered shares of Old Republic International from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 1st.

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.