Old Republic International Co. (NYSE:ORI - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $39.31 and last traded at $38.98, with a volume of 1521581 shares. The stock had previously closed at $39.05.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Old Republic International from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Get Our Latest Stock Analysis on ORI
Old Republic International Price Performance
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 stock has a market capitalization of $9.74 billion, a PE ratio of 14.93 and a beta of 0.83. The firm's fifty day moving average price is $37.10 and its two-hundred day moving average price is $36.47.
Old Republic International (NYSE:ORI - Get Free Report) last issued its quarterly earnings data 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%. On average, equities analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current year.
Old Republic International Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.96%. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 10th. Old Republic International's payout ratio is 44.11%.
Insiders Place Their Bets
In other Old Republic International news, CEO Craig R. Smiddy sold 5,296 shares of the firm'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 transaction of $204,425.60. Following the sale, the chief executive officer now owns 138,222 shares in the company, valued at approximately $5,335,369.20. This trade represents a 3.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Dare sold 27,457 shares of Old Republic International stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,039 shares of company stock worth $1,580,733. Company insiders own 1.00% of the company's stock.
Institutional Trading of Old Republic International
Several institutional investors and hedge funds have recently modified their holdings of ORI. Parallel Advisors LLC increased its stake in 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 buying an additional 290 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Old Republic International by 1.6% in the 4th 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 during the period. Ironwood Investment Management LLC boosted its stake in Old Republic International by 1.3% in the 4th 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 valued at $279,000 after acquiring an additional 302 shares in the last quarter. Finally, Berry Wealth Group LP lifted its stake in 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 currently owned by institutional investors.
About Old Republic International
(
Get Free Report)
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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