Old Republic International Co. (NYSE:ORI – Get Free Report) SVP Carolyn Monroe sold 3,377 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total transaction of $101,445.08. Following the transaction, the senior vice president now directly owns 33,556 shares in the company, valued at $1,008,022.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Old Republic International Price Performance
Shares of Old Republic International stock traded up $0.04 on Friday, hitting $30.68. 484,973 shares of the company traded hands, compared to its average volume of 1,739,146. The firm’s 50-day simple moving average is $29.72 and its 200 day simple moving average is $28.99. Old Republic International Co. has a 12-month low of $24.17 and a 12-month high of $31.22. The company has a current ratio of 1.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31. The company has a market cap of $8.45 billion, a P/E ratio of 11.92 and a beta of 0.81.
Old Republic International Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were paid a dividend of $0.265 per share. The ex-dividend date was Friday, March 8th. This represents a $1.06 annualized dividend and a yield of 3.46%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.25. Old Republic International’s payout ratio is presently 41.25%.
Institutional Investors Weigh In On Old Republic International
Analyst Ratings Changes
Several equities analysts have commented on the stock. Piper Sandler raised their target price on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 1st. StockNews.com raised Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.
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.
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