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

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

Old Republic International Stock Up 0.5 %

Shares of ORI stock opened at $36.31 on Thursday. The stock’s fifty day moving average price is $36.27 and its 200 day moving average price is $35.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. Old Republic International Co. has a 1-year low of $27.19 and a 1-year high of $39.27. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 13.80 and a beta of 0.88.

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

Old Republic International Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s payout ratio is currently 40.30%.

Analyst Upgrades and Downgrades

ORI has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st. StockNews.com downgraded shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 1st.

Institutional Investors Weigh In On Old Republic International

A number of large investors have recently made changes to their positions in ORI. Millennium Management LLC grew its stake in Old Republic International by 9.2% during the 2nd quarter. Millennium Management LLC now owns 236,072 shares of the insurance provider’s stock valued at $7,295,000 after purchasing an additional 19,895 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Old Republic International in the second quarter valued at approximately $451,000. Cetera Investment Advisers increased its holdings in Old Republic International by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 104,326 shares of the insurance provider’s stock worth $3,224,000 after buying an additional 2,505 shares during the period. Sanctuary Advisors LLC purchased a new position in Old Republic International during the 2nd quarter worth approximately $3,595,000. Finally, Handelsbanken Fonder AB lifted its stake in Old Republic International by 33.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 65,671 shares of the insurance provider’s stock valued at $2,326,000 after acquiring an additional 16,600 shares during the period. 70.92% of the stock is owned by hedge funds and other institutional investors.

Old Republic International Company Profile

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.