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.
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.
Read Our Latest Research 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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