Old Republic International Co. (NYSE:ORI) SVP Jeffrey Lange Sells 1,098 Shares of Stock

Old Republic International Co. (NYSE:ORI) SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $36.56, for a total value of $40,142.88. Following the completion of the sale, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Old Republic International Trading Down 0.3 %

Shares of NYSE:ORI opened at $36.13 on Wednesday. Old Republic International Co. has a 12-month low of $27.19 and a 12-month high of $39.27. The business has a 50 day moving average of $36.33 and a 200-day moving average of $35.69. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The stock has a market cap of $9.16 billion, a PE ratio of 13.74 and a beta of 0.88.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. As a group, equities research analysts forecast that Old Republic International Co. will post 3.17 earnings per share for the current year.

Old Republic International Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is 40.30%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Hamlin Capital Management LLC raised its position in shares of Old Republic International by 8.0% in the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after buying an additional 379,474 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Old Republic International by 162.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock valued at $21,612,000 after acquiring an additional 377,605 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Old Republic International during the 3rd quarter valued at $7,965,000. Orca Wealth Management LLC acquired a new stake in shares of Old Republic International during the 4th quarter worth $5,209,000. Finally, Franklin Resources Inc. grew its holdings in shares of Old Republic International by 39.6% during the 3rd quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock worth $16,209,000 after purchasing an additional 128,896 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ORI. Piper Sandler increased their price target on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. StockNews.com lowered shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

About Old Republic International

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.