Insider Buying: Old Republic International (NYSE:ORI) Director Purchases $11,970.00 in Stock

Old Republic International Corporation (NYSE:ORI) Director Therace Risch acquired 300 shares of Old Republic International stock in a transaction dated Friday, May 1st. The shares were bought at an average price of $39.90 per share, for a total transaction of $11,970.00. Following the transaction, the director owned 12,843 shares of the company’s stock, valued at approximately $512,435.70. The trade was a 2.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Old Republic International Trading Up 0.7%

Old Republic International stock opened at $39.47 on Friday. The stock has a market cap of $9.58 billion, a P/E ratio of 10.58 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.23 and a quick ratio of 0.27. Old Republic International Corporation has a 1 year low of $35.60 and a 1 year high of $46.76. The firm’s 50 day moving average price is $40.64 and its 200-day moving average price is $42.06.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, April 23rd. The insurance provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. Old Republic International had a net margin of 10.83% and a return on equity of 15.71%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. On average, equities analysts predict that Old Republic International Corporation will post 2.95 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 3.2%. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, March 9th. Old Republic International’s dividend payout ratio (DPR) is 33.78%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler increased their price objective on shares of Old Republic International from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Zacks Research lowered shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, March 27th. Finally, Raymond James Financial set a $44.00 price objective on shares of Old Republic International in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.00.

Institutional Trading of Old Republic International

A number of large investors have recently made changes to their positions in the stock. Leith Wheeler Investment Counsel Ltd. boosted its stake in shares of Old Republic International by 7.9% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 277,533 shares of the insurance provider’s stock valued at $11,074,000 after purchasing an additional 20,324 shares during the period. Meeder Advisory Services Inc. boosted its stake in shares of Old Republic International by 8.0% during the first quarter. Meeder Advisory Services Inc. now owns 14,670 shares of the insurance provider’s stock valued at $585,000 after purchasing an additional 1,090 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Old Republic International by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 6,721,774 shares of the insurance provider’s stock valued at $268,202,000 after purchasing an additional 60,395 shares during the period. KBC Group NV boosted its stake in shares of Old Republic International by 20.4% during the first quarter. KBC Group NV now owns 7,464 shares of the insurance provider’s stock valued at $298,000 after purchasing an additional 1,267 shares during the period. Finally, Simon Quick Advisors LLC purchased a new stake in shares of Old Republic International during the first quarter valued at $263,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.