Old Republic International Corporation (NYSE:ORI) Director Arnold L. Steiner sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $20.24, for a total value of $404,800.00. Following the transaction, the director now directly owns 270,237 shares in the company, valued at approximately $5,469,596.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Old Republic International Corporation (ORI) traded down 1.18% on Monday, reaching $20.17. The company had a trading volume of 1,792,857 shares. The company’s 50 day moving average price is $19.90 and its 200-day moving average price is $19.82. The stock has a market capitalization of $5.26 billion, a P/E ratio of 12.70 and a beta of 1.20. Old Republic International Corporation has a 1-year low of $16.51 and a 1-year high of $21.19.

Old Republic International Corporation (NYSE:ORI) last posted its earnings results on Thursday, April 27th. The insurance provider reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Old Republic International Corporation had a net margin of 7.70% and a return on equity of 9.54%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts predict that Old Republic International Corporation will post $1.47 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Monday, June 5th were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $0.76 annualized dividend and a yield of 3.77%. Old Republic International Corporation’s dividend payout ratio (DPR) is presently 47.80%.

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Hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new stake in Old Republic International Corporation during the first quarter valued at $110,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Old Republic International Corporation by 14.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,945 shares of the insurance provider’s stock valued at $183,000 after buying an additional 1,147 shares during the period. Delta Asset Management LLC TN increased its stake in Old Republic International Corporation by 0.7% in the first quarter. Delta Asset Management LLC TN now owns 10,265 shares of the insurance provider’s stock valued at $210,000 after buying an additional 75 shares during the period. National Asset Management Inc. increased its stake in Old Republic International Corporation by 6.5% in the first quarter. National Asset Management Inc. now owns 11,710 shares of the insurance provider’s stock valued at $240,000 after buying an additional 710 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Old Republic International Corporation during the first quarter valued at $267,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

A number of research firms have recently commented on ORI. BidaskClub raised Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday. Zacks Investment Research cut Old Republic International Corporation from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a research note on Tuesday, May 30th.

Old Republic International Corporation 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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