Old Republic International Co. (NYSE:ORI - Get Free Report) VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction 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 of the company's stock, valued at $1,699,294. The trade was a 37.10 % 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 Price Performance
ORI stock traded up $0.82 during trading on Friday, hitting $37.41. 1,046,793 shares of the company's stock traded hands, compared to its average volume of 1,253,255. Old Republic International Co. has a 52 week low of $28.59 and a 52 week high of $39.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The business has a fifty day simple moving average of $36.33 and a 200 day simple moving average of $36.23. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 14.22 and a beta of 0.83.
Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (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, research analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.
Old Republic International Increases Dividend
The company 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. This represents a $1.16 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Monday, March 10th. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. Old Republic International's dividend payout ratio (DPR) is 44.11%.
Institutional Investors Weigh In On Old Republic International
Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International in the 3rd quarter worth about $28,000. Fairway Wealth LLC bought a new stake in Old Republic International during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new stake in Old Republic International during the 4th quarter valued at about $34,000. Core Alternative Capital bought a new stake in Old Republic International during the 4th quarter valued at about $36,000. Finally, Synergy Asset Management LLC bought a new stake in Old Republic International during the 4th quarter valued at about $39,000. Institutional investors own 70.92% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Old Republic International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.
Check Out Our Latest Stock 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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