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Thomas Dare, Senior Vice President and General Counsel at Old Republic International Corp (NYSE:ORI), recently sold shares worth approximately $1 million in the $8.94 billion market cap insurance company. The transactions, which took place on March 11, involved the sale of 27,457 shares at prices ranging from $36.48 to $36.52 per share. According to InvestingPro analysis, ORI is currently trading below its Fair Value, with a modest P/E ratio of 11.09.
In addition to the sales, Dare engaged in multiple acquisitions of common stock through option exercises. The stock was acquired at prices ranging from $16.17 to $22.49 per share, totaling approximately $2.24 million. These acquisitions increased his holdings to 46,556 shares directly owned post-transaction. Notably, ORI has maintained dividend payments for 55 consecutive years and currently maintains a "GOOD" Financial Health Score.
The transactions were part of a series of stock option exercises and subsequent sales, reflecting Dare’s ongoing management of his equity position in Old Republic International. For more detailed insights and additional ProTips about ORI’s valuation and financial health, visit InvestingPro, where you’ll find comprehensive analysis in the Pro Research Report.
In other recent news, Old Republic International Corporation reported its fourth-quarter 2024 earnings, which exceeded analysts’ expectations with an earnings per share (EPS) of $0.90, surpassing the forecasted $0.73. The company recorded a revenue of $2 billion, slightly below the $2.06 billion forecast. Despite the revenue shortfall, the company’s stock target was raised to $40 by Raymond (NSE:RYMD) James, which maintained an Outperform rating due to the strong earnings performance. Raymond James highlighted the company’s 11% growth in consolidated net premiums and fees earned, along with better-than-expected underwriting results. JMP Securities also maintained a Market Perform rating on the stock, noting the strong performance in Old Republic’s Title Insurance and Specialty Insurance segments. The Title Insurance segment reported underwriting results that exceeded estimates, with a $39 million outcome compared to the expected $24 million. Additionally, the Specialty Insurance segment outperformed expectations with an underwriting result of $101 million, significantly higher than the $73 million estimate. These developments reflect Old Republic’s effective cost management and strategic initiatives, despite some ongoing uncertainties in certain segments.
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