Old Republic International (NYSE:ORI) Director Therace Risch Acquires 300 Shares

Old Republic International Corporation (NYSE:ORI) Director Therace Risch acquired 300 shares of Old Republic International stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $39.90 per share, with a total value of $11,970.00. Following the completion of the purchase, the director owned 12,843 shares in the company, valued at $512,435.70. The trade was a 2.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Old Republic International Stock Up 2.0%

Old Republic International stock opened at $39.25 on Wednesday. The stock has a 50 day moving average of $40.74 and a two-hundred day moving average of $42.09. Old Republic International Corporation has a twelve month low of $35.60 and a twelve month high of $46.76. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 10.52 and a beta of 0.63. The company has a current ratio of 0.23, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.11). Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the company earned $0.81 EPS. Old Republic International’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, research analysts expect that Old Republic International Corporation will post 2.95 earnings per share for the current year.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 9th were paid a $0.315 dividend. This is a boost from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, March 9th. This represents a $1.26 annualized dividend and a dividend yield of 3.2%. Old Republic International’s dividend payout ratio (DPR) is 33.78%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, March 27th. Piper Sandler boosted their target price on Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Zacks Research cut Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial set a $44.00 target price on shares of Old Republic International in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

Institutional Investors Weigh In On Old Republic International

Several hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Old Republic International during the fourth quarter worth $26,000. Torren Management LLC acquired a new stake in Old Republic International during the 4th quarter worth approximately $27,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Old Republic International in the 4th quarter valued at $27,000. JPL Wealth Management LLC acquired a new stake in Old Republic International in the third quarter valued at approximately $27,000. Finally, Quest 10 Wealth Builders Inc. acquired a new position in Old Republic International in the 4th quarter worth $31,000. 70.92% of the stock is owned by institutional investors and hedge funds.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.