Old Republic International (NYSE:ORI) SVP Carolyn Monroe Sells 1,788 Shares

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 1,788 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $42.26, for a total transaction of $75,560.88. Following the completion of the sale, the senior vice president owned 32,261 shares in the company, valued at approximately $1,363,349.86. The trade was a 5.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Old Republic International Trading Up 0.7%

Shares of ORI stock opened at $42.78 on Friday. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 10.11 and a beta of 0.58. The stock’s 50-day moving average price is $41.20 and its 200-day moving average price is $40.62. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.38. Old Republic International Corporation has a 12-month low of $36.65 and a 12-month high of $46.76.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. Old Republic International had a return on equity of 15.41% and a net margin of 11.71%.The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. Equities research analysts predict that Old Republic International Corporation will post 2.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Old Republic International in a research note on Wednesday, July 8th. Piper Sandler dropped their price objective on shares of Old Republic International from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Raymond James Financial set a $44.00 price target on Old Republic International in a research report on Monday, April 27th. Finally, Zacks Research raised Old Republic International from a “strong sell” rating to a “hold” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Old Republic International presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Old Republic International by 30.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock valued at $477,000 after acquiring an additional 2,867 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Old Republic International by 121.9% during the first quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock worth $944,000 after purchasing an additional 13,224 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Old Republic International by 122.1% during the 1st quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock valued at $178,000 after purchasing an additional 2,493 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Old Republic International by 10.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock valued at $62,480,000 after purchasing an additional 148,891 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its position in shares of Old Republic International by 31.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 2,028 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

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. 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.