Old Republic International Co. (NYSE:ORI) VP Sells $1,002,180.50 in Stock

Old Republic International Co. (NYSE:ORI - Get Free Report) VP Thomas Dare sold 27,457 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now owns 46,556 shares of the company's stock, valued at $1,699,294. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Old Republic International Price Performance

Shares of NYSE ORI traded up $0.82 during midday trading on Friday, reaching $37.41. The company's stock had a trading volume of 1,046,793 shares, compared to its average volume of 1,241,097. 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 fifty-two week low of $28.59 and a fifty-two week high of $39.27. The business's 50 day moving average price is $36.33 and its two-hundred day moving average price is $36.24. The company has a market cap of $9.28 billion, a P/E ratio of 14.22 and a beta of 0.83.

Old Republic International (NYSE:ORI - Get Free Report) last released its quarterly earnings results 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 net margin of 10.36% and a return on equity of 20.32%. On average, analysts forecast that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

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Old Republic International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. This is an increase from Old Republic International's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 10th. Old Republic International's payout ratio is presently 44.11%.

Institutional Investors Weigh In On Old Republic International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Old Republic International in the third quarter valued at approximately $28,000. Fairway Wealth LLC acquired a new position in Old Republic International during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in Old Republic International during the fourth quarter valued at approximately $34,000. Core Alternative Capital acquired a new position in Old Republic International during the fourth quarter valued at approximately $36,000. Finally, Synergy Asset Management LLC acquired a new position in Old Republic International during the fourth quarter valued at approximately $39,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Old Republic International from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

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.