What the bad jobs report means for markets
CHICAGO—Jeffrey Lange, Senior Vice President of Underwriting & Distribution at Old Republic International Corp (NYSE:ORI), recently sold 1,098 shares of the company’s common stock. The shares were sold at a price of $36.56 each, totaling approximately $40,142. Following this transaction, Lange retains direct ownership of 34,679 shares, which includes 20,015 unvested restricted stock awards. Additionally, Lange holds 3,435 shares indirectly through an Old Republic International 401(k) plan. The $9.2 billion market cap company has maintained dividend payments for 55 consecutive years, currently offering a 2.9% yield. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, providing deeper analysis of ORI’s financial health and growth prospects.
In other recent news, Old Republic International Corporation has been the focus of analysts’ attention following its fourth-quarter 2024 results. Raymond (NSE:RYMD) James increased the company’s price target from $38.00 to $40.00 while maintaining an Outperform rating. The adjustment comes after Old Republic reported an approximately 11% growth in consolidated net premiums and fees earned, surpassing both Raymond James’ and consensus estimates. The firm’s confidence in Old Republic’s potential for continued success, particularly within its specialty segment, has been reinforced by the company’s financial strategies, including its approach to capital management.
JMP Securities reiterated a Market Perform rating on Old Republic following the company’s better-than-expected fourth-quarter results. The insurance provider reported an operating earnings per share (EPS) of $0.90, higher than JMP Securities’ estimate of $0.75 and the consensus estimate of $0.70. Both the Title Insurance and Specialty Insurance segments outperformed expectations, with the former delivering underwriting results that
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