Old Republic International Corp. (ORI) Reaches New 1-Year High at $19.49
Old Republic International Corp. (NYSE:ORI) 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 shares of Old Republic International Corp. from a “hold” rating to a “sell” rating in a report on Friday, May 13th.
The company has a market cap of $5.04 billion and a P/E ratio of 12.63. The stock’s 50 day moving average is $18.95 and its 200 day moving average is $18.41.
Old Republic International Corp. (NYSE:ORI) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.15. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Old Republic International Corp.’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. On average, equities research analysts anticipate that Old Republic International Corp. will post $1.32 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Friday, June 3rd were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Wednesday, June 1st.
In other news, Director Steven R. Walker purchased 4,000 shares of the stock in a transaction dated Thursday, June 16th. The shares were purchased at an average cost of $18.42 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arnold L. Steiner sold 14,000 shares of the 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 completion of the sale, the director now directly owns 270,237 shares in the company, valued at $5,064,241.38. The disclosure for this sale can be found here.
Several large investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of 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 worth $1,313,000 after buying an additional 776 shares during the last quarter. Bank of Montreal Can increased its stake in shares of 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 worth $1,325,000 after buying an additional 4,401 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Old Republic International Corp. during the fourth quarter worth about $1,412,000. Quantitative Investment Management LLC purchased a new stake in shares of Old Republic International Corp. during the fourth quarter worth about $1,477,000. Finally, ProShare Advisors LLC increased its stake in shares of Old Republic International Corp. by 12.5% in the fourth quarter. ProShare Advisors LLC now owns 82,490 shares of the company’s stock worth $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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