Key Points
- Old Republic EVP Stephen Oberst sold 13,125 shares at an average price of $43.96, totaling approximately $577,000. The sale covered tax-withholding obligations tied to vested equity awards and reduced his position by 13.77%.
- The company’s latest quarterly results missed earnings expectations, reporting $0.76 in EPS versus the $0.79 consensus, though revenue rose 5.2% year over year to $2.50 billion.
- Old Republic pays a quarterly dividend of $0.315, equivalent to a 2.9% annualized yield. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $41.50.
Old Republic International Corporation (NYSE:ORI - Get Free Report) EVP Stephen Oberst sold 13,125 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $43.96, for a total value of $576,975.00. Following the completion of the sale, the executive vice president directly owned 82,205 shares of the company's stock, valued at $3,613,731.80. The trade was a 13.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Old Republic International Stock Down 2.8%
Shares of Old Republic International stock opened at $43.35 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.23 and a debt-to-equity ratio of 0.38. Old Republic International Corporation has a 12-month low of $35.60 and a 12-month high of $46.76. The company has a market cap of $10.53 billion, a P/E ratio of 10.25 and a beta of 0.58. The company's fifty day simple moving average is $40.19 and its two-hundred day simple moving average is $40.55.
Old Republic International (NYSE:ORI - Get Free Report) last posted its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03). The company had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.38 billion. Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. Research analysts anticipate that Old Republic International Corporation will post 2.91 EPS for the current year.
Old Republic International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were issued a $0.315 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.26 annualized dividend and a yield of 2.9%. Old Republic International's dividend payout ratio (DPR) is 29.79%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on ORI shares. Piper Sandler reduced their target price on Old Republic International from $40.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Weiss Ratings restated a "buy (b)" rating on shares of Old Republic International in a research note on Wednesday, July 8th. Raymond James Financial set a $44.00 price target on Old Republic International in a research report on Monday, April 27th. Finally, Zacks Research raised Old Republic International from a "strong sell" rating to a "hold" rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Old Republic International presently has a consensus rating of "Moderate Buy" and an average target price of $41.50.
View Our Latest Stock Analysis on Old Republic International
Institutional Investors Weigh In On Old Republic International
Several hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in Old Republic International in the fourth quarter worth about $26,000. Torren Management LLC purchased a new position in shares of Old Republic International during the fourth quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Old Republic International in the 4th quarter worth approximately $27,000. JPL Wealth Management LLC bought a new stake in shares of Old Republic International in the 3rd quarter worth approximately $27,000. Finally, Quest 10 Wealth Builders Inc. purchased a new stake in shares of Old Republic International in the 4th quarter worth approximately $31,000. Institutional investors own 70.92% of the company's stock.
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.
Further Reading
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