Jeffrey Lange Sells 14,075 Shares of Old Republic International (NYSE:ORI) Stock

Old Republic International Corporation (NYSE:ORI) SVP Jeffrey Lange sold 14,075 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $43.76, for a total transaction of $615,922.00. Following the sale, the senior vice president owned 12,244 shares of the company’s stock, valued at approximately $535,797.44. The trade was a 53.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Old Republic International Stock Down 0.2%

Shares of NYSE:ORI opened at $43.29 on Friday. The stock’s 50-day moving average price is $40.27 and its 200-day moving average price is $40.57. Old Republic International Corporation has a 12-month low of $35.60 and a 12-month high of $46.76. The stock has a market capitalization of $10.51 billion, a P/E ratio of 10.23 and a beta of 0.58. The company has a current ratio of 0.68, a quick ratio of 0.23 and a debt-to-equity ratio of 0.38.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, July 23rd. The insurance provider reported $0.76 earnings per share 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 company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the firm posted $0.81 EPS. The company’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that Old Republic International Corporation will post 2.91 earnings per share for the current year.

Old Republic International Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Piper Sandler cut their target price on shares of Old Republic International from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Zacks Research upgraded shares of Old Republic International from a “strong sell” rating to a “hold” rating in a report on Friday, June 26th. Weiss Ratings reissued 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 price target on shares of Old Republic International in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Old Republic International presently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

Institutional Investors Weigh In On Old Republic International

Institutional investors and hedge funds have recently bought and sold shares of the business. Insight Wealth Strategies LLC boosted its holdings in Old Republic International by 23.3% in the second quarter. Insight Wealth Strategies LLC now owns 85,627 shares of the insurance provider’s stock valued at $3,512,000 after acquiring an additional 16,203 shares in the last quarter. Fiduciary Financial Group LLC raised its holdings in Old Republic International by 7.1% in the 2nd quarter. Fiduciary Financial Group LLC now owns 8,355 shares of the insurance provider’s stock worth $342,000 after purchasing an additional 551 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Old Republic International by 1.8% in the 2nd quarter. Handelsbanken Fonder AB now owns 60,871 shares of the insurance provider’s stock worth $2,491,000 after purchasing an additional 1,100 shares in the last quarter. Harrell Investment Partners LLC lifted its position in shares of Old Republic International by 16.1% in the 2nd quarter. Harrell Investment Partners LLC now owns 27,123 shares of the insurance provider’s stock worth $1,110,000 after purchasing an additional 3,756 shares during the period. Finally, Bill Few Associates Inc. lifted its position in shares of Old Republic International by 32.7% in the 2nd quarter. Bill Few Associates Inc. now owns 8,291 shares of the insurance provider’s stock worth $339,000 after purchasing an additional 2,043 shares during the period. Hedge funds and other 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.