Old Republic International Corporation (ORI) VP Charles S. Boone Sells 15,000 Shares of Stock

Old Republic International Corporation (NYSE:ORI) VP Charles S. Boone sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $20.96, for a total transaction of $314,400.00. Following the sale, the vice president now directly owns 22,750 shares in the company, valued at approximately $476,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Old Republic International Corporation (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. Old Republic International Corporation has a 1-year low of $17.53 and a 1-year high of $21.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.51 and a quick ratio of 0.51.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, October 26th. The insurance provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Old Republic International had a net margin of 6.45% and a return on equity of 7.50%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 EPS. analysts predict that Old Republic International Corporation will post 1.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.66%. Old Republic International’s payout ratio is 55.47%.

A number of equities analysts have recently commented on the stock. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $23.00 to $25.00 in a report on Monday, October 30th. Zacks Investment Research cut shares of Old Republic International from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th.

Institutional investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new position in shares of Old Republic International in the 3rd quarter valued at $118,000. Ffcm LLC increased its holdings in shares of Old Republic International by 185.0% in the 2nd quarter. Ffcm LLC now owns 6,008 shares of the insurance provider’s stock valued at $119,000 after acquiring an additional 3,900 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of Old Republic International by 78.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 7,999 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 3,513 shares during the period. Legg Mason Asset Management Japan Co. Ltd. acquired a new position in Old Republic International in the 2nd quarter valued at $174,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Old Republic International in the 2nd quarter valued at $181,000. 70.67% of the stock is currently owned by institutional investors and hedge funds.

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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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