Old Republic International Corp. (ORI) Reaches New 52-Week High at $19.49
Old Republic International Corp. (NYSE:ORI)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $19.49 and last traded at $19.47, with a volume of 329,912 shares changing hands. The stock had previously closed at $19.34.
Separately, Zacks Investment Research lowered Old Republic International Corp. from a “hold” rating to a “sell” rating in a research note on Friday, May 13th.
The stock has a market cap of $5.06 billion and a P/E ratio of 12.68. The firm has a 50-day moving average price of $18.97 and a 200 day moving average price of $18.42.
Old Republic International Corp. (NYSE:ORI) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.15. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.35 billion. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. On average, equities research analysts predict that Old Republic International Corp. will post $1.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Friday, June 3rd were issued a dividend of $0.1875 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.85%.
In related news, Director Arnold L. Steiner sold 14,000 shares of the firm’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $18.74, for a total transaction of $262,360.00. Following the transaction, the director now directly owns 270,237 shares of the company’s stock, valued at approximately $5,064,241.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven R. Walker acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 16th. The shares were purchased at an average cost of $18.42 per share, for a total transaction of $73,680.00. Following the completion of the acquisition, the director now owns 8,000 shares in the company, valued at approximately $147,360. The disclosure for this purchase can be found here.
A number of institutional investors recently bought and sold shares of ORI. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Old Republic International Corp. by 1.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,495 shares of the company’s stock valued at $1,313,000 after buying an additional 776 shares during the last quarter. Bank of Montreal Can raised its position in Old Republic International Corp. by 6.6% in the fourth quarter. Bank of Montreal Can now owns 71,108 shares of the company’s stock valued at $1,325,000 after buying an additional 4,401 shares during the last quarter. Stevens Capital Management LP bought a new position in Old Republic International Corp. during the fourth quarter valued at about $1,412,000. Quantitative Investment Management LLC bought a new position in Old Republic International Corp. during the fourth quarter valued at about $1,477,000. Finally, ProShare Advisors LLC raised its position in Old Republic International Corp. by 12.5% in the fourth quarter. ProShare Advisors LLC now owns 82,490 shares of the company’s stock valued at $1,537,000 after buying an additional 9,184 shares during the last quarter.
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through a number of regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group; Title Insurance Group, and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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