Insider Selling: Old Republic International Co. (NYSE:ORI) Director Sells 40,000 Shares of Stock
Old Republic International Co. (NYSE:ORI) Director Arnold L. Steiner sold 40,000 shares of the company’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $21.16, for a total value of $846,400.00. Following the sale, the director now owns 91,599 shares of the company’s stock, valued at $1,938,234.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Old Republic International traded down $0.14, reaching $20.95, on Wednesday, MarketBeat Ratings reports. The stock had a trading volume of 1,371,321 shares, compared to its average volume of 2,736,321. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $6.33 billion, a P/E ratio of 18.87 and a beta of 1.26. Old Republic International Co. has a 12-month low of $17.92 and a 12-month high of $22.34.
Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, April 26th. The insurance provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Old Republic International had a return on equity of 6.80% and a net margin of 7.34%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. equities analysts expect that Old Republic International Co. will post 1.7 earnings per share for the current year.
Several hedge funds have recently modified their holdings of ORI. Schwab Charles Investment Management Inc. lifted its holdings in Old Republic International by 6.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,236,067 shares of the insurance provider’s stock worth $26,428,000 after acquiring an additional 75,672 shares during the last quarter. Bessemer Group Inc. bought a new position in Old Republic International in the fourth quarter worth about $145,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Old Republic International by 40.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,622 shares of the insurance provider’s stock worth $313,000 after acquiring an additional 4,240 shares during the last quarter. LSV Asset Management lifted its holdings in Old Republic International by 66.8% in the fourth quarter. LSV Asset Management now owns 86,400 shares of the insurance provider’s stock worth $1,847,000 after acquiring an additional 34,600 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in Old Republic International by 29.6% in the fourth quarter. Aperio Group LLC now owns 158,821 shares of the insurance provider’s stock worth $3,396,000 after acquiring an additional 36,234 shares during the last quarter. 74.25% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on ORI. ValuEngine upgraded Old Republic International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.00.
About Old Republic International
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
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