Insider Selling: Old Republic International Co. (NYSE:ORI) VP Sells 27,457 Shares of Stock

Old Republic International Co. (NYSE:ORI - Get Free Report) VP Thomas Dare sold 27,457 shares of the company's stock in a transaction dated 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 sale, the vice president now owns 46,556 shares in the company, valued at $1,699,294. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Old Republic International Trading Up 2.2 %

Old Republic International stock traded up $0.82 during midday trading on Friday, reaching $37.41. The stock had a trading volume of 1,046,793 shares, compared to its average volume of 1,241,097. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 52-week low of $28.59 and a 52-week high of $39.27. The firm has a market cap of $9.28 billion, a price-to-earnings ratio of 14.22 and a beta of 0.83. The company has a fifty day moving average of $36.33 and a 200 day moving average of $36.24.

Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping 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 anticipate that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

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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 given a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Old Republic International's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. Old Republic International's dividend payout ratio (DPR) is 44.11%.

Hedge Funds Weigh In On Old Republic International

A number of institutional investors have recently modified their holdings of ORI. Norges Bank purchased a new position in shares of Old Republic International during the fourth quarter worth approximately $105,581,000. Raymond James Financial Inc. purchased a new position in shares of Old Republic International during the fourth quarter worth approximately $67,054,000. Invesco Ltd. increased its position in shares of Old Republic International by 26.4% during the fourth quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider's stock worth $85,044,000 after acquiring an additional 490,788 shares during the period. Northern Trust Corp boosted its stake in shares of Old Republic International by 14.4% during the fourth quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider's stock valued at $114,940,000 after purchasing an additional 400,384 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Old Republic International by 93.8% during the fourth quarter. Millennium Management LLC now owns 823,500 shares of the insurance provider's stock valued at $29,802,000 after purchasing an additional 398,531 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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.