Key Points
- Old Republic International SVP Carolyn Monroe sold 4,386 shares at an average price of $42.01, totaling $184,255.86. The transaction reduced her holdings by 13.6%, leaving her with 27,875 shares.
- Old Republic reported quarterly revenue of $2.50 billion, up 5.2% year over year, but earnings per share of $0.76 fell short of the $0.79 consensus estimate.
- The company declared a quarterly dividend of $0.315 per share, equivalent to an annualized $1.26 dividend and a 3.0% yield. Analysts give the stock a consensus “Moderate Buy” rating with an average target price of $41.50.
Old Republic International Corporation (NYSE:ORI - Get Free Report) SVP Carolyn Monroe sold 4,386 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $42.01, for a total value of $184,255.86. Following the completion of the transaction, the senior vice president owned 27,875 shares in the company, valued at $1,171,028.75. This trade represents a 13.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Carolyn Monroe also recently made the following trade(s):
- On Tuesday, August 11th, Carolyn Monroe sold 1,788 shares of Old Republic International stock. The stock was sold at an average price of $42.26, for a total value of $75,560.88.
Old Republic International Stock Up 1.3%
ORI opened at $42.64 on Friday. The company has a market capitalization of $10.29 billion, a PE ratio of 10.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.30 and a quick ratio of 0.30. Old Republic International Corporation has a fifty-two week low of $36.65 and a fifty-two week high of $46.76. The business has a 50-day moving average of $42.21 and a 200-day moving average of $40.78.
Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly 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). Old Republic International had a net margin of 11.71% and a return on equity of 15.41%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the previous year, the firm posted $0.81 EPS. The company's quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Old Republic International Corporation will post 2.91 EPS for the current fiscal year.
Old Republic International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be paid a $0.315 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.26 dividend on an annualized basis and a yield of 3.0%. Old Republic International's payout ratio is 29.79%.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Old Republic International in a research note on Wednesday, July 8th. Zacks Research raised Old Republic International from a "strong sell" rating to a "hold" rating in a research note on Friday, June 26th. Finally, Piper Sandler reduced their target price on Old Republic International from $40.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $41.50.
Get Our Latest Research Report on Old Republic International
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new position in Old Republic International in the 4th quarter worth $27,000. JPL Wealth Management LLC bought a new stake in Old Republic International during the third quarter valued at about $27,000. Hilton Head Capital Partners LLC bought a new stake in Old Republic International during the fourth quarter valued at about $38,000. International Assets Investment Management LLC acquired a new stake in shares of Old Republic International in the fourth quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB grew its position in shares of Old Republic International by 28.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider's stock valued at $43,000 after purchasing an additional 222 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.
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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