Insider Selling: Old Republic International Co. (NYSE:ORI) VP Sells 27,457 Shares of Stock

Old Republic International Co. (NYSE:ORI) 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 sale, the vice president now owns 46,556 shares of the company’s stock, valued at $1,699,294. This trade represents a 37.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Old Republic International Trading Up 0.2 %

Shares of ORI opened at $36.57 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 13.90 and a beta of 0.83. The stock has a fifty day moving average price of $36.27 and a two-hundred day moving average price of $36.21. Old Republic International Co. has a 52-week low of $28.59 and a 52-week high of $39.27.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Old Republic International Co. will post 3.17 EPS for the current fiscal year.

Old Republic International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a $0.29 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.17%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Old Republic International in the 3rd quarter valued at $28,000. Fairway Wealth LLC bought a new position in Old Republic International in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. acquired a new stake in Old Republic International in the fourth quarter worth about $34,000. Core Alternative Capital bought a new stake in Old Republic International during the 4th quarter worth about $36,000. Finally, Synergy Asset Management LLC acquired a new position in Old Republic International during the 4th quarter valued at about $39,000. Institutional investors own 70.92% of the company’s stock.

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.