Key Points
- Old Republic SVP Carolyn Monroe sold 1,788 shares at an average price of $42.26, generating $75,560.88. The sale reduced her holdings by 5.25% and was made to cover tax withholding tied to vested equity awards.
- Old Republic reported quarterly revenue of $2.50 billion, up 5.2% year over year and above estimates, but earnings of $0.76 per share missed consensus by $0.03.
- The stock carries a “Moderate Buy” consensus rating, with an average analyst price target of $41.50; shares recently opened at $42.78, while institutional investors own 70.92% of the company.
Old Republic International Corporation (NYSE:ORI - Get Free Report) SVP Carolyn Monroe sold 1,788 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $42.26, for a total transaction of $75,560.88. Following the transaction, the senior vice president owned 32,261 shares in the company, valued at approximately $1,363,349.86. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Old Republic International Stock Performance
Shares of Old Republic International stock opened at $42.78 on Friday. The company has a 50 day moving average price of $41.20 and a 200 day moving average price of $40.62. The firm has a market capitalization of $10.33 billion, a P/E ratio of 10.11 and a beta of 0.58. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.38. Old Republic International Corporation has a 52 week low of $36.65 and a 52 week high of $46.76.
Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.03). Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.The company had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.38 billion. During the same period in the prior year, the firm posted $0.81 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts expect that Old Republic International Corporation will post 2.91 EPS for the current year.
Institutional Investors Weigh In On Old Republic International
Hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in shares of Old Republic International during the 4th quarter valued at about $26,000. Torren Management LLC purchased a new stake in shares of Old Republic International in the fourth quarter worth about $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Old Republic International in the fourth quarter worth about $27,000. JPL Wealth Management LLC acquired a new stake in Old Republic International during the third quarter worth about $27,000. Finally, Quest 10 Wealth Builders Inc. purchased a new position in Old Republic International during the fourth quarter valued at approximately $31,000. 70.92% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the company. Piper Sandler lowered their price target on Old Republic International from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. Zacks Research upgraded Old Republic International from a "strong sell" rating to a "hold" rating in a research note on Friday, June 26th. Weiss Ratings restated a "buy (b)" rating on shares of Old Republic International in a research note on Wednesday, July 8th. Finally, Raymond James Financial set a $44.00 target price on Old Republic International in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $41.50.
Get Our Latest Report on Old Republic International
Old Republic International Company Profile
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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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