Jeffrey Lange Sells 14,075 Shares of Old Republic International (NYSE:ORI) Stock

Old Republic International Corporation (NYSE:ORI) SVP Jeffrey Lange sold 14,075 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $43.76, for a total transaction of $615,922.00. Following the transaction, the senior vice president directly owned 12,244 shares of the company’s stock, valued at approximately $535,797.44. This represents a 53.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Old Republic International Stock Down 0.3%

Shares of Old Republic International stock traded down $0.14 during trading on Friday, reaching $43.24. The company had a trading volume of 321,861 shares, compared to its average volume of 1,694,662. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.23 and a current ratio of 0.68. Old Republic International Corporation has a fifty-two week low of $35.60 and a fifty-two week high of $46.76. The firm’s fifty day moving average is $40.19 and its 200-day moving average is $40.55. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 10.22 and a beta of 0.58.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Old Republic International had a net margin of 11.71% and a return on equity of 15.41%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the firm posted $0.81 earnings per share. Old Republic International’s revenue was up 5.2% compared to the same quarter last year. On average, analysts anticipate that Old Republic International Corporation will post 2.91 EPS for the current year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, June 5th. Old Republic International’s dividend payout ratio is presently 29.79%.

Analyst Ratings Changes

Several equities research analysts have commented on ORI shares. Weiss Ratings restated a “buy (b)” rating on shares of Old Republic International in a research note on Wednesday, July 8th. Piper Sandler cut their target price on Old Republic International from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Raymond James Financial set a $44.00 price target on Old Republic International in a research note on Monday, April 27th. Finally, Zacks Research upgraded shares of Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

Institutional Trading of Old Republic International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Old Republic International by 30.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock valued at $477,000 after acquiring an additional 2,867 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Old Republic International by 121.9% during the first quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock valued at $944,000 after purchasing an additional 13,224 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Old Republic International by 122.1% in the 1st quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock valued at $178,000 after purchasing an additional 2,493 shares during the period. Goldman Sachs Group Inc. increased its stake in Old Republic International by 10.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock worth $62,480,000 after purchasing an additional 148,891 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its stake in Old Republic International by 31.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 2,028 shares in the last quarter. 70.92% of the stock is owned by institutional investors and hedge funds.

Old Republic International Company Profile

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.