Old Republic International (NYSE:ORI) Director Buys $39,140.00 in Stock

by · The Cerbat Gem

Old Republic International Corporation (NYSE:ORI – Get Free Report) Director Therace Risch bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $39.14 per share, for a total transaction of $39,140.00. Following the completion of the transaction, the director directly owned 10,625 shares of the company’s stock, valued at $415,862.50. This represents a 10.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Therace Risch also recently made the following trade(s):

  • On Tuesday, September 2nd, Therace Risch acquired 1,500 shares of Old Republic International stock. The shares were bought at an average cost of $39.90 per share, for a total transaction of $59,850.00.

Old Republic International Trading Up 1.2%

NYSE ORI traded up $0.49 during trading hours on Tuesday, hitting $39.84. 908,038 shares of the company were exchanged, compared to its average volume of 1,342,900. The stock has a 50-day moving average price of $41.04 and a 200 day moving average price of $38.78. The company has a quick ratio of 0.25, a current ratio of 0.64 and a debt-to-equity ratio of 0.25. Old Republic International Corporation has a 52 week low of $33.00 and a 52 week high of $44.00. The stock has a market cap of $9.90 billion, a PE ratio of 13.34 and a beta of 0.76.

Old Republic International (NYSE:ORI – Get Free Report) last issued its quarterly earnings data on Friday, October 24th. The insurance provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.05. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Old Republic International had a return on equity of 17.11% and a net margin of 9.53%. Analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current fiscal year.

Old Republic International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, September 5th. This represents a $1.16 dividend on an annualized basis and a yield of 2.9%. Old Republic International’s dividend payout ratio is currently 38.80%.

Hedge Funds Weigh In On Old Republic International

Several large investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in Old Republic International by 55.7% in the second quarter. AQR Capital Management LLC now owns 5,779,156 shares of the insurance provider’s stock valued at $221,457,000 after acquiring an additional 2,066,965 shares in the last quarter. Hamlin Capital Management LLC boosted its stake in shares of Old Republic International by 0.3% during the second quarter. Hamlin Capital Management LLC now owns 5,207,228 shares of the insurance provider’s stock worth $200,166,000 after buying an additional 15,920 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Old Republic International by 2,840.8% during the third quarter. Thrivent Financial for Lutherans now owns 3,926,606 shares of the insurance provider’s stock worth $166,763,000 after buying an additional 3,793,085 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Old Republic International by 19.1% during the third quarter. Bank of New York Mellon Corp now owns 3,585,558 shares of the insurance provider’s stock worth $152,279,000 after buying an additional 575,778 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Old Republic International by 11.8% during the first quarter. Northern Trust Corp now owns 3,551,918 shares of the insurance provider’s stock worth $139,306,000 after buying an additional 375,916 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ORI shares. Raymond James Financial upgraded Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $43.00 to $47.00 in a report on Monday, September 22nd. Wall Street Zen lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Piper Sandler decreased their price objective on Old Republic International from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Old Republic International in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, Old Republic International presently has an average rating of “Strong Buy” and an average target price of $46.50.

Check Out Our Latest Analysis on Old Republic International

Old Republic International Company Profile

(Get Free Report)

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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