Key Points
- SVP Carolyn Monroe sold 5,526 shares on February 2 at an average price of $39.28 for a total of $217,061.28, reducing her holdings by 16.54% to 27,875 shares.
- Old Republic missed quarterly EPS ( $0.74 vs. $0.89 expected) although revenue beat estimates ($2.39B vs. $2.31B), and the company paid a $2.50 special dividend on January 14.
- Analyst sentiment is mixed with an average target of $42.50; the stock has a market cap of $10.10B, a P/E of 12.04 and a 52-week range of $34.43–$46.76.
Old Republic International Corporation (NYSE:ORI - Get Free Report) SVP Carolyn Monroe sold 5,526 shares of the business's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the sale, the senior vice president directly owned 27,875 shares of the company's stock, valued at $1,094,930. This represents a 16.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Carolyn Monroe also recently made the following trade(s):
- On Friday, November 14th, Carolyn Monroe sold 6,680 shares of Old Republic International stock. The shares were sold at an average price of $44.54, for a total value of $297,527.20.
Old Republic International Stock Performance
NYSE ORI opened at $40.81 on Thursday. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 12.04 and a beta of 0.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.64 and a quick ratio of 0.26. Old Republic International Corporation has a 52-week low of $34.43 and a 52-week high of $46.76. The company's fifty day moving average is $43.41 and its two-hundred day moving average is $41.50.
Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the company earned $0.90 EPS. Equities research analysts forecast that Old Republic International Corporation will post 3.17 EPS for the current year.
Old Republic International Announces Dividend
The business also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, January 2nd were given a $2.50 dividend. The ex-dividend date was Friday, January 2nd. Old Republic International's payout ratio is 34.22%.
Institutional Investors Weigh In On Old Republic International
Large investors have recently bought and sold shares of the company. Ellsworth Advisors LLC bought a new position in shares of Old Republic International in the 3rd quarter valued at $6,000,000. Vest Financial LLC bought a new stake in shares of Old Republic International in the third quarter worth $1,517,000. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Old Republic International by 261.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 277,350 shares of the insurance provider's stock valued at $11,779,000 after buying an additional 200,692 shares during the last quarter. American National Bank & Trust boosted its holdings in Old Republic International by 80.0% in the third quarter. American National Bank & Trust now owns 45,000 shares of the insurance provider's stock valued at $1,911,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Old Republic International by 67.3% in the 3rd quarter. Inspire Investing LLC now owns 84,624 shares of the insurance provider's stock valued at $3,594,000 after purchasing an additional 34,044 shares during the last quarter. Institutional investors own 70.92% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a "buy (a)" rating on shares of Old Republic International in a research report on Wednesday, December 24th. Zacks Research lowered Old Republic International from a "hold" rating to a "strong sell" rating in a research report on Friday, January 23rd. Finally, Piper Sandler restated a "neutral" rating and set a $38.00 target price (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Old Republic International has an average rating of "Moderate Buy" and an average target price of $42.50.
View Our Latest Analysis on Old Republic International
Old Republic International Company Profile
(
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. 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.
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