Thomas Dare Sells 27,457 Shares of Old Republic International Co. (NYSE:ORI) 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 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.

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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.

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.