Old Republic International Co. (NYSE:ORI - Get Free Report) SVP Carolyn Monroe sold 3,377 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total value of $101,445.08. Following the completion of the sale, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,008,022.24. The transaction was disclosed in a filing with the SEC, which is available at this link.
Old Republic International Stock Down 0.1 %
ORI opened at $30.62 on Friday. The stock has a market capitalization of $8.44 billion, a P/E ratio of 11.91 and a beta of 0.81. Old Republic International Co. has a one year low of $24.17 and a one year high of $31.22. The business's 50-day simple moving average is $29.76 and its 200-day simple moving average is $29.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.25 and a current ratio of 1.28.
Old Republic International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were paid a $0.265 dividend. This is a boost from Old Republic International's previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 3.46%. The ex-dividend date was Friday, March 8th. Old Republic International's payout ratio is currently 41.25%.
Hedge Funds Weigh In On Old Republic International
Look Who Fired the World’s Richest Man
From Banyan Hill Publishing | Ad
This company is tiny… but already has contracts with 30 federal agencies and services some of the biggest companies in the U.S.
And demand for the technology is unprecedented … “unlike anything we have seen in the past,” says a spokesman.
Get the full story here.
A number of large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in Old Republic International by 7.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 176,000 shares of the insurance provider's stock valued at $4,741,000 after buying an additional 11,925 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Old Republic International by 12.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 374,244 shares of the insurance provider's stock worth $10,082,000 after acquiring an additional 42,542 shares in the last quarter. Raymond James & Associates grew its stake in Old Republic International by 3.0% during the 3rd quarter. Raymond James & Associates now owns 1,085,866 shares of the insurance provider's stock valued at $29,253,000 after purchasing an additional 32,039 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Old Republic International by 3.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 732,684 shares of the insurance provider's stock valued at $19,739,000 after purchasing an additional 24,072 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Old Republic International during the third quarter worth approximately $301,000. 70.92% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on ORI. Piper Sandler upped their price target 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 upgraded Old Republic International from a "hold" rating to a "buy" rating in a research report on Friday, April 26th.
Check Out Our Latest Stock Analysis on ORI
About Old Republic International
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
