Old Republic International Corporation (NYSE:ORI - Get Free Report) Director Therace Risch acquired 300 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $39.90 per share, with a total value of $11,970.00. Following the purchase, the director owned 12,843 shares in the company, valued at $512,435.70. This represents a 2.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Old Republic International Stock Performance
Old Republic International stock opened at $39.25 on Wednesday. Old Republic International Corporation has a 52 week low of $35.60 and a 52 week high of $46.76. The company has a current ratio of 0.23, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a market cap of $9.56 billion, a P/E ratio of 10.52 and a beta of 0.63. The stock has a 50 day moving average of $40.74 and a 200-day moving average of $42.09.
Old Republic International (NYSE:ORI - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates 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 revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 earnings per share. On average, analysts expect that Old Republic International Corporation will post 2.95 EPS for the current fiscal year.
Old Republic International Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were paid a dividend of $0.315 per share. The ex-dividend date was Monday, March 9th. This is an increase from Old Republic International's previous quarterly dividend of $0.29. This represents a $1.26 annualized dividend and a yield of 3.2%. Old Republic International's payout ratio is currently 33.78%.
Institutional Investors Weigh In On Old Republic International
Institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB grew its stake in shares of Old Republic International by 28.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider's stock worth $43,000 after purchasing an additional 222 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of Old Republic International by 5.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 5,421 shares of the insurance provider's stock valued at $247,000 after buying an additional 257 shares in the last quarter. Signet Financial Management LLC lifted its position in shares of Old Republic International by 2.5% during the 4th quarter. Signet Financial Management LLC now owns 10,951 shares of the insurance provider's stock valued at $500,000 after acquiring an additional 263 shares during the last quarter. waypoint wealth counsel boosted its stake in shares of Old Republic International by 3.3% during the 4th quarter. waypoint wealth counsel now owns 8,402 shares of the insurance provider's stock worth $383,000 after acquiring an additional 265 shares in the last quarter. Finally, Clearstead Trust LLC raised its position in shares of Old Republic International by 65.6% during the third quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider's stock worth $31,000 after purchasing an additional 288 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
ORI has been the subject of a number of research reports. Weiss Ratings downgraded Old Republic International from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Friday, March 27th. Zacks Research cut shares of Old Republic International from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 29th. Piper Sandler boosted their target price on shares of Old Republic International from $38.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, April 24th. Finally, Raymond James Financial set a $44.00 price target on shares of Old Republic International in a research note on Monday, April 27th. One 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, Old Republic International has a consensus rating of "Moderate Buy" and an average target price of $42.00.
Get Our Latest Stock Analysis on Old Republic International
About Old Republic International
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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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