Old Republic International Co. (NYSE:ORI) CEO Craig R. Smiddy Sells 5,296 Shares

Old Republic International Co. (NYSE:ORI) CEO Craig R. Smiddy sold 5,296 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $38.60, for a total value of $204,425.60. Following the completion of the sale, the chief executive officer now owns 138,222 shares of the company’s stock, valued at approximately $5,335,369.20. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Old Republic International Stock Up 1.0 %

Shares of ORI opened at $37.77 on Thursday. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. Old Republic International Co. has a 12 month low of $28.59 and a 12 month high of $39.27. The stock’s 50 day moving average is $36.20 and its two-hundred day moving average is $36.14. The firm has a market cap of $9.58 billion, a P/E ratio of 14.36 and a beta of 0.88.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. Analysts predict that Old Republic International Co. will post 3.17 earnings per share for the current fiscal year.

Old Republic International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Monday, March 10th. This is an increase from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio (DPR) is 44.11%.

Hedge Funds Weigh In On Old Republic International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Direct Indexing L.P. purchased a new position in Old Republic International during the third quarter worth approximately $246,000. Robeco Institutional Asset Management B.V. lifted its position in Old Republic International by 8.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 229,932 shares of the insurance provider’s stock worth $8,144,000 after buying an additional 18,397 shares in the last quarter. QRG Capital Management Inc. lifted its position in Old Republic International by 28.2% during the third quarter. QRG Capital Management Inc. now owns 13,576 shares of the insurance provider’s stock worth $481,000 after buying an additional 2,989 shares in the last quarter. Foster & Motley Inc. lifted its position in Old Republic International by 27.4% during the third quarter. Foster & Motley Inc. now owns 19,025 shares of the insurance provider’s stock worth $674,000 after buying an additional 4,096 shares in the last quarter. Finally, Woodmont Investment Counsel LLC lifted its position in Old Republic International by 2.9% during the third quarter. Woodmont Investment Counsel LLC now owns 126,428 shares of the insurance provider’s stock worth $4,478,000 after buying an additional 3,533 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

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.