Insider Selling: Old Republic International (NYSE:ORI) EVP Sells $576,975.00 in Stock

Old Republic International Corporation (NYSE:ORI) EVP Stephen Oberst sold 13,125 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $43.96, for a total value of $576,975.00. Following the sale, the executive vice president directly owned 82,205 shares in the company, valued at $3,613,731.80. This trade represents a 13.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Old Republic International Price Performance

Shares of ORI stock traded down $1.40 during trading hours on Thursday, hitting $43.20. The company’s stock had a trading volume of 600,179 shares, compared to its average volume of 1,699,311. The company has a current ratio of 0.68, a quick ratio of 0.23 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average of $40.12 and a 200-day moving average of $40.54. Old Republic International Corporation has a twelve month low of $35.60 and a twelve month high of $46.76. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 10.21 and a beta of 0.58.

Old Republic International (NYSE:ORI) last released its earnings results 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). 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 analysts’ expectations of $2.38 billion. During the same quarter last year, the company posted $0.81 earnings per share. Old Republic International’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that Old Republic International Corporation will post 2.91 EPS for the current year.

Old Republic International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, June 5th. Old Republic International’s dividend payout ratio is presently 29.79%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International in the fourth quarter worth $26,000. Torren Management LLC purchased a new stake in Old Republic International during the 4th quarter worth $27,000. Commonwealth Retirement Investments LLC purchased a new stake in Old Republic International during the 4th quarter worth $27,000. JPL Wealth Management LLC acquired a new stake in Old Republic International in the 3rd quarter valued at $27,000. Finally, Quest 10 Wealth Builders Inc. acquired a new stake in Old Republic International in the 4th quarter valued at $31,000. 70.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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. 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.