Old Republic International Co. (NYSE:ORI - Get Free Report) CEO Craig R. Smiddy sold 5,296 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares of the company's stock, valued at approximately $5,335,369.20. This represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Old Republic International Stock Performance
NYSE ORI traded down $0.49 on Friday, reaching $37.28. The stock had a trading volume of 1,061,002 shares, compared to its average volume of 1,138,966. 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 12-month low of $28.59 and a 12-month high of $39.27. The business's 50-day moving average price is $36.23 and its 200 day moving average price is $36.19. The stock has a market cap of $9.25 billion, a P/E ratio of 14.17 and a beta of 0.83.
Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data 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 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 earnings per share 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. Stockholders of record on Monday, March 10th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.11%. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's payout ratio is presently 44.11%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in shares of Old Republic International by 5.9% in the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider's stock valued at $4,262,000 after purchasing an additional 6,664 shares during the period. Atomi Financial Group Inc. increased its holdings in shares of Old Republic International by 4.1% in the fourth 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 period. Nisa Investment Advisors LLC increased its holdings in shares of Old Republic International by 37.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider's stock valued at $2,595,000 after purchasing an additional 19,400 shares during the period. Orca Wealth Management LLC acquired a new position in shares of Old Republic International in the fourth quarter valued at approximately $5,209,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider's stock valued at $30,160,000 after purchasing an additional 42,934 shares during the period. Institutional investors and hedge funds own 70.92% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Old Republic International from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
View Our Latest Report on Old Republic International
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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