Insider Selling: Old Republic International Co. (NYSE:ORI) VP Sells 1,292 Shares of Stock

Old Republic International Co. (NYSE:ORI) VP Thomas Dare sold 1,292 shares of Old Republic International stock in a transaction on Monday, May 6th. The stock was sold at an average price of $30.95, for a total value of $39,987.40. Following the completion of the transaction, the vice president now owns 47,764 shares in the company, valued at $1,478,295.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Old Republic International Stock Down 0.0 %

NYSE:ORI traded down $0.01 on Wednesday, hitting $31.07. 747,861 shares of the company’s stock traded hands, compared to its average volume of 1,744,812. The firm has a 50-day moving average price of $29.84 and a 200-day moving average price of $29.09. The company has a current ratio of 1.28, a quick ratio of 0.25 and a debt-to-equity ratio of 0.31. The company has a market cap of $8.45 billion, a PE ratio of 12.09 and a beta of 0.81. Old Republic International Co. has a 1 year low of $24.17 and a 1 year high of $31.32.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Monday, March 11th were given a $0.265 dividend. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, March 8th. This represents a $1.06 dividend on an annualized basis and a yield of 3.41%. Old Republic International’s dividend payout ratio is presently 41.25%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Piper Sandler boosted their price objective on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

Hedge Funds Weigh In On Old Republic International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its holdings in shares of Old Republic International by 1,069.4% during the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 909 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Old Republic International during the 4th quarter worth about $29,000. Naples Money Management LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $34,000. GAMMA Investing LLC acquired a new position in Old Republic International in the fourth quarter worth approximately $34,000. Finally, Global Retirement Partners LLC raised its position in Old Republic International by 526.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,321 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 1,110 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other 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.