Old Republic International Co. (NYSE:ORI) CFO Karl W. Mueller sold 9,879 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $22.00, for a total transaction of $217,338.00. Following the sale, the chief financial officer now owns 26,787 shares of the company’s stock, valued at $589,314. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ORI stock traded up $0.34 on Friday, hitting $22.82. The company’s stock had a trading volume of 1,694,813 shares, compared to its average volume of 1,338,767. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 20.56 and a beta of 1.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.49 and a quick ratio of 0.49. Old Republic International Co. has a 1 year low of $19.33 and a 1 year high of $22.88.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, July 26th. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.07. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.49 billion. Old Republic International had a net margin of 8.72% and a return on equity of 7.53%. During the same quarter last year, the firm posted $0.35 EPS. analysts anticipate that Old Republic International Co. will post 1.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Tuesday, September 4th were paid a $0.195 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.78 dividend on an annualized basis and a yield of 3.42%. Old Republic International’s payout ratio is 70.27%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Old Republic International by 7.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,432,616 shares of the insurance provider’s stock worth $28,524,000 after purchasing an additional 101,814 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Old Republic International by 8.0% in the second quarter. Wells Fargo & Company MN now owns 721,939 shares of the insurance provider’s stock worth $14,374,000 after acquiring an additional 53,381 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Old Republic International by 4.8% in the first quarter. Principal Financial Group Inc. now owns 1,102,293 shares of the insurance provider’s stock worth $23,644,000 after acquiring an additional 50,426 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Old Republic International by 4.1% in the first quarter. Mason Street Advisors LLC now owns 125,813 shares of the insurance provider’s stock worth $2,699,000 after acquiring an additional 4,942 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of Old Republic International by 8.2% in the first quarter. Suntrust Banks Inc. now owns 129,149 shares of the insurance provider’s stock worth $2,769,000 after acquiring an additional 9,736 shares during the last quarter. 72.74% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, August 1st.

About Old Republic International

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.

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Insider Buying and Selling by Quarter for Old Republic International (NYSE:ORI)

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