Insider Selling: Old Republic International Co. (NYSE:ORI) SVP Sells 3,377 Shares of Stock

Old Republic International Co. (NYSE:ORI) SVP Carolyn Monroe sold 3,377 shares of Old Republic International stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total value of $101,445.08. Following the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,008,022.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Old Republic International Price Performance

Shares of NYSE:ORI opened at $30.62 on Friday. Old Republic International Co. has a fifty-two week low of $24.17 and a fifty-two week high of $31.22. The business has a 50-day moving average of $29.76 and a two-hundred day moving average of $29.02. The stock has a market capitalization of $8.44 billion, a P/E ratio of 11.91 and a beta of 0.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 0.25.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were given a $0.265 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.46%. This is a boost from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s payout ratio is currently 41.25%.

Institutional Trading of Old Republic International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Old Republic International during the 4th quarter worth about $89,446,000. UBS Group AG lifted its position in shares of Old Republic International by 1,208.9% during the 3rd quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider’s stock worth $40,715,000 after purchasing an additional 1,395,849 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Old Republic International by 174.1% during the 4th quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider’s stock worth $40,590,000 after purchasing an additional 876,872 shares during the last quarter. Invesco Ltd. lifted its position in shares of Old Republic International by 55.2% during the 3rd quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock worth $60,966,000 after purchasing an additional 804,803 shares during the last quarter. Finally, Boston Financial Mangement LLC lifted its position in shares of Old Republic International by 701.3% during the 3rd quarter. Boston Financial Mangement LLC now owns 777,128 shares of the insurance provider’s stock worth $20,936,000 after purchasing an additional 680,146 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ORI shares. Piper Sandler lifted their price objective on Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

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.