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

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

Old Republic International Price Performance

Old Republic International stock opened at $36.75 on Friday. 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 one year low of $27.19 and a one year high of $39.27. The firm has a market capitalization of $9.32 billion, a P/E ratio of 13.97 and a beta of 0.88. The business has a fifty day moving average price of $36.27 and a 200-day moving average price of $35.69.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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 EPS for the current year.

Old Republic International Announces Dividend

The company also recently announced 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 is presently 40.30%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ORI. StockNews.com downgraded shares of Old Republic International from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 1st. Piper Sandler upped their price target on shares of Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ORI. Venturi Wealth Management LLC raised its position in shares of Old Republic International by 1.6% in the fourth quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider’s stock worth $677,000 after buying an additional 295 shares in the last quarter. Atomi Financial Group Inc. increased its stake in Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after acquiring an additional 302 shares during the last quarter. Berry Wealth Group LP raised its holdings in shares of Old Republic International by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock valued at $226,000 after acquiring an additional 310 shares in the last quarter. SPC Financial Inc. boosted its position in shares of Old Republic International by 1.8% during the 4th quarter. SPC Financial Inc. now owns 18,012 shares of the insurance provider’s stock valued at $652,000 after acquiring an additional 312 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Old Republic International by 0.4% during the third quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock worth $2,965,000 after purchasing an additional 315 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

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.