Old Republic International Co. (NYSE:ORI – Get Free Report) SVP Carolyn Monroe sold 3,377 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total transaction of $101,445.08. Following the completion of the sale, the senior vice president now directly owns 33,556 shares in the company, valued at approximately $1,008,022.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Old Republic International Price Performance
Shares of NYSE ORI opened at $30.62 on Monday. The company has a quick ratio of 0.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average price is $29.76 and its two-hundred day moving average price is $29.03. The company has a market cap of $8.44 billion, a PE ratio of 11.91 and a beta of 0.81. Old Republic International Co. has a twelve month low of $24.17 and a twelve month high of $31.22.
Old Republic International Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were issued a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.46%. Old Republic International’s payout ratio is presently 41.25%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Old Republic International
Hedge Funds Weigh In On Old Republic International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Old Republic International in the fourth quarter valued at about $89,446,000. UBS Group AG lifted its position in Old Republic International by 1,208.9% during the third quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider’s stock worth $40,715,000 after acquiring an additional 1,395,849 shares during the last quarter. California Public Employees Retirement System lifted its position in Old Republic International by 174.1% during the fourth quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider’s stock worth $40,590,000 after acquiring an additional 876,872 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Old Republic International by 55.2% during the third quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock worth $60,966,000 after acquiring an additional 804,803 shares during the period. Finally, Boston Financial Mangement LLC grew its position in shares of Old Republic International by 701.3% in the third quarter. Boston Financial Mangement LLC now owns 777,128 shares of the insurance provider’s stock valued at $20,936,000 after purchasing an additional 680,146 shares during 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.
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