Old Republic International Corporation (NYSE:ORI) COO R Scott Rager sold 47,500 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $21.00, for a total transaction of $997,500.00. Following the transaction, the chief operating officer now directly owns 40,000 shares of the company’s stock, valued at approximately $840,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Old Republic International Corporation (NYSE:ORI) opened at $20.76 on Tuesday. The company has a market cap of $5,503.01, a price-to-earnings ratio of 17.10 and a beta of 1.36. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. Old Republic International Corporation has a 52-week low of $17.53 and a 52-week high of $21.19.
Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Old Republic International had a net margin of 6.45% and a return on equity of 7.50%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share. equities analysts expect that Old Republic International Corporation will post 1.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, December 4th. This represents a $0.76 annualized dividend and a yield of 3.66%. Old Republic International’s dividend payout ratio is presently 55.47%.
ORI has been the subject of several recent research reports. Zacks Investment Research raised shares of Old Republic International from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $23.00 to $25.00 in a research report on Monday, October 30th.
A number of hedge funds have recently added to or reduced their stakes in ORI. Aperio Group LLC grew its position in Old Republic International by 36.0% during the second quarter. Aperio Group LLC now owns 133,971 shares of the insurance provider’s stock valued at $2,616,000 after buying an additional 35,457 shares during the period. Hartford Investment Management Co. acquired a new stake in Old Republic International during the second quarter valued at $206,000. Janney Montgomery Scott LLC grew its position in Old Republic International by 22.2% during the second quarter. Janney Montgomery Scott LLC now owns 72,184 shares of the insurance provider’s stock valued at $1,410,000 after buying an additional 13,131 shares during the period. Great West Life Assurance Co. Can grew its position in Old Republic International by 1.6% during the second quarter. Great West Life Assurance Co. Can now owns 198,138 shares of the insurance provider’s stock valued at $3,864,000 after buying an additional 3,150 shares during the period. Finally, World Asset Management Inc grew its position in Old Republic International by 9.5% during the second quarter. World Asset Management Inc now owns 16,592 shares of the insurance provider’s stock valued at $324,000 after buying an additional 1,446 shares during the period. Institutional investors own 70.67% of the company’s stock.
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About Old Republic International
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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