Key Points
- Director purchase: John Eric Smith bought 1,135 shares at an average price of $43.10 (totaling $48,918.50), boosting his holding to 4,276 shares—a 36.13% increase—per an SEC filing.
- Dividend increase: Old Republic raised its quarterly dividend to $0.315 (annualized $1.26) for a ~3.0% yield, with an ex-dividend date of March 9 and payment on March 19.
- Financials and outlook: The company missed quarterly EPS expectations ($0.74 vs. $0.89), its shares trade around $42.20 (P/E 12.45), and analysts' consensus is a "Moderate Buy" with an average target of ~$42.50.
Old Republic International Corporation (NYSE:ORI - Get Free Report) Director John Eric Smith purchased 1,135 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was bought at an average cost of $43.10 per share, for a total transaction of $48,918.50. Following the purchase, the director owned 4,276 shares in the company, valued at $184,295.60. This trade represents a 36.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Old Republic International Trading Down 0.6%
NYSE ORI traded down $0.26 on Thursday, reaching $42.20. The company had a trading volume of 598,751 shares, compared to its average volume of 1,984,006. Old Republic International Corporation has a 52 week low of $34.43 and a 52 week high of $46.76. The stock's 50 day moving average is $42.27 and its 200-day moving average is $42.24. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 12.45 and a beta of 0.73.
Old Republic International (NYSE:ORI - Get Free Report) last posted its 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%.During the same period last year, the business earned $0.90 EPS. Equities analysts predict that Old Republic International Corporation will post 3.17 earnings per share for the current year.
Old Republic International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 3.0%. This is a boost from Old Republic International's previous quarterly dividend of $0.29. The ex-dividend date is Monday, March 9th. Old Republic International's dividend payout ratio (DPR) is 34.22%.
Analyst Ratings Changes
ORI has been the subject of a number of recent analyst reports. Piper Sandler restated a "neutral" rating and issued a $38.00 price objective (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Zacks Research lowered Old Republic International from a "hold" rating to a "strong sell" rating in a research report on Friday, January 23rd. Finally, Weiss Ratings cut Old Republic International from a "buy (a-)" rating to a "buy (b+)" rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $42.50.
View Our Latest Report on Old Republic International
Hedge Funds Weigh In On Old Republic International
A number of large investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in shares of Old Republic International in the 4th quarter valued at about $26,000. Torren Management LLC acquired a new position in shares of Old Republic International during the 4th quarter worth approximately $27,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at approximately $27,000. JPL Wealth Management LLC acquired a new position in Old Republic International during the third quarter worth $27,000. Finally, Clearstead Trust LLC lifted its stake in Old Republic International by 65.6% in the third quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 288 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.
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. 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.
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. Please send any questions or comments about this story to [email protected].
