Old Republic International Corporation (ORI) CFO Sells $400,092.00 in Stock
Old Republic International Corporation (NYSE:ORI) CFO Karl W. Mueller sold 19,052 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $21.00, for a total value of $400,092.00. Following the transaction, the chief financial officer now directly owns 5,331 shares in the company, valued at $111,951. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Old Republic International Corporation (NYSE ORI) opened at $20.70 on Thursday. Old Republic International Corporation has a 12 month low of $17.92 and a 12 month high of $21.19. The stock has a market capitalization of $5,463.44, a PE ratio of 16.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 0.51.
Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.06. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Old Republic International had a return on equity of 7.50% and a net margin of 6.45%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. sell-side analysts anticipate that Old Republic International Corporation will post 1.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.76 annualized dividend and a dividend yield of 3.67%. Old Republic International’s payout ratio is presently 55.47%.
A number of research analysts have recently issued reports on the company. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $23.00 to $25.00 in a research note on Monday, October 30th. Zacks Investment Research cut Old Republic International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Knightsbridge Asset Management LLC grew its stake in shares of Old Republic International by 1.2% in the third quarter. Knightsbridge Asset Management LLC now owns 401,187 shares of the insurance provider’s stock worth $7,899,000 after purchasing an additional 4,853 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Old Republic International by 84.5% in the third quarter. Susquehanna International Group LLP now owns 26,935 shares of the insurance provider’s stock worth $530,000 after purchasing an additional 12,335 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Old Republic International by 91.5% in the third quarter. Public Employees Retirement System of Ohio now owns 207,837 shares of the insurance provider’s stock worth $4,092,000 after purchasing an additional 99,292 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of Old Republic International in the third quarter worth about $206,000. Finally, California Public Employees Retirement System grew its stake in shares of Old Republic International by 4.3% in the third quarter. California Public Employees Retirement System now owns 614,969 shares of the insurance provider’s stock worth $12,109,000 after purchasing an additional 25,486 shares during the last quarter. 70.67% of the stock is currently owned by institutional investors.
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Old Republic International Company Profile
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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