Old Republic International Corp. (ORI) Sets New 12-Month High at $19.77
Old Republic International Corp. (NYSE:ORI) shares hit a new 52-week high on Wednesday . The company traded as high as $19.77 and last traded at $19.73, with a volume of 421,324 shares changing hands. The stock had previously closed at $19.59.
Separately, Zacks Investment Research downgraded shares of Old Republic International Corp. from a “hold” rating to a “sell” rating in a research report on Friday, May 13th.
The firm’s 50-day moving average price is $19.06 and its 200 day moving average price is $18.47. The company has a market cap of $5.10 billion and a P/E ratio of 12.79.
Old Republic International Corp. (NYSE:ORI) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.15. The company earned $1.37 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business earned $0.32 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Old Republic International Corp. will post $1.32 EPS for the current year.
In other Old Republic International Corp. news, Director Arnold L. Steiner sold 14,000 shares of the firm’s stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $18.74, for a total transaction of $262,360.00. Following the transaction, the director now owns 270,237 shares of the company’s stock, valued at approximately $5,064,241.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven R. Walker bought 4,000 shares of the business’s stock in a transaction on Thursday, June 16th. The shares were acquired at an average cost of $18.42 per share, for a total transaction of $73,680.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $147,360. The disclosure for this purchase can be found here.
A number of hedge funds and institutional investors have bought and sold shares of ORI. State of Tennessee Treasury Department increased its position in Old Republic International Corp. by 71.4% in the fourth quarter. State of Tennessee Treasury Department now owns 360,000 shares of the company’s stock worth $6,707,000 after buying an additional 150,000 shares during the period. Dimensional Fund Advisors LP increased its position in Old Republic International Corp. by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,062,693 shares of the company’s stock worth $112,956,000 after buying an additional 424,603 shares during the period. Systematic Financial Management LP acquired a new position in Old Republic International Corp. during the fourth quarter worth approximately $1,765,000. US Bancorp DE increased its position in Old Republic International Corp. by 17.7% in the fourth quarter. US Bancorp DE now owns 742,194 shares of the company’s stock worth $13,827,000 after buying an additional 111,850 shares during the period. Finally, Suntrust Banks Inc. increased its position in Old Republic International Corp. by 167.3% in the fourth quarter. Suntrust Banks Inc. now owns 130,498 shares of the company’s stock worth $2,430,000 after buying an additional 81,686 shares during the period.
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 various 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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