Insider Buying: Old Republic International Co. (ORI) Director Purchases 1,000 Shares of Stock

Old Republic International Co. (NYSE:ORI) Director Steven R. Walker purchased 1,000 shares of the firm’s stock in a transaction on Friday, October 12th. The stock was acquired at an average cost of $20.21 per share, for a total transaction of $20,210.00. Following the completion of the purchase, the director now owns 12,000 shares in the company, valued at approximately $242,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE:ORI opened at $21.68 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.19. Old Republic International Co. has a 12-month low of $19.37 and a 12-month high of $23.05. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 12.32 and a beta of 1.20.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12. Old Republic International had a return on equity of 10.36% and a net margin of 12.01%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.56 billion. Sell-side analysts expect that Old Republic International Co. will post 1.75 earnings per share for the current year.



Separately, Zacks Investment Research raised Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, August 1st.

Large investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Old Republic International by 6.9% in the 2nd quarter. BlackRock Inc. now owns 27,797,852 shares of the insurance provider’s stock valued at $553,455,000 after purchasing an additional 1,798,214 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Old Republic International by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,126,185 shares of the insurance provider’s stock valued at $141,884,000 after purchasing an additional 130,669 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Old Republic International by 1.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,557,968 shares of the insurance provider’s stock valued at $70,839,000 after purchasing an additional 46,615 shares in the last quarter. Hamlin Capital Management LLC lifted its stake in shares of Old Republic International by 5.8% in the 3rd quarter. Hamlin Capital Management LLC now owns 2,958,067 shares of the insurance provider’s stock valued at $66,202,000 after purchasing an additional 161,314 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Old Republic International by 13.2% in the 2nd quarter. Raymond James & Associates now owns 2,323,535 shares of the insurance provider’s stock valued at $46,262,000 after purchasing an additional 271,600 shares in the last quarter. 72.88% of the stock is currently owned by hedge funds and other institutional investors.

Old Republic International Company Profile

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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