Old Republic International Co. (NYSE:ORI – Get Free Report) VP Thomas Dare sold 27,457 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the transaction, the vice president now directly owns 46,556 shares in the company, valued at $1,699,294. This trade represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Old Republic International Stock Performance
ORI opened at $37.41 on Friday. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 14.22 and a beta of 0.83. The company’s fifty day moving average price is $36.33 and its two-hundred day moving average price is $36.24. Old Republic International Co. has a 1-year low of $28.59 and a 1-year high of $39.27. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.
Old Republic International (NYSE:ORI – Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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, analysts expect that Old Republic International Co. will post 3.17 EPS for the current fiscal year.
Old Republic International Increases Dividend
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.
Get Our Latest Stock Report on Old Republic International
Hedge Funds Weigh In On Old Republic International
Large investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Old Republic International in the fourth quarter valued at about $105,581,000. Raymond James Financial Inc. bought a new stake in Old Republic International in the 4th quarter worth about $67,054,000. Invesco Ltd. increased its stake in Old Republic International by 26.4% in the 4th quarter. Invesco Ltd. now owns 2,349,942 shares of the insurance provider’s stock valued at $85,044,000 after buying an additional 490,788 shares during the last quarter. Northern Trust Corp lifted its position in shares of Old Republic International by 14.4% during the 4th quarter. Northern Trust Corp now owns 3,176,002 shares of the insurance provider’s stock worth $114,940,000 after buying an additional 400,384 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Old Republic International by 93.8% in the 4th quarter. Millennium Management LLC now owns 823,500 shares of the insurance provider’s stock worth $29,802,000 after buying an additional 398,531 shares during the last quarter. 70.92% of the stock is currently owned by 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.
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