Insider Buying: Old Republic International Co. (NYSE:ORI) Director Purchases $40,825.00 in Stock

Old Republic International Co. (NYSE:ORI) Director Steven J. Bateman bought 2,500 shares of the stock in a transaction dated Thursday, July 30th. The stock was acquired at an average price of $16.33 per share, with a total value of $40,825.00. Following the completion of the purchase, the director now owns 21,476 shares of the company’s stock, valued at approximately $350,703.08. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Shares of ORI stock opened at $16.07 on Friday. The stock has a 50-day moving average price of $16.27 and a 200 day moving average price of $17.79. The company has a quick ratio of 0.49, a current ratio of 1.21 and a debt-to-equity ratio of 0.17. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 17.66 and a beta of 0.86. Old Republic International Co. has a 12 month low of $11.88 and a 12 month high of $24.10.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 23rd. The insurance provider reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.95 billion. Old Republic International had a return on equity of 9.87% and a net margin of 4.26%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $0.45 earnings per share. Sell-side analysts predict that Old Republic International Co. will post 1.7 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on ORI shares. Raymond James lowered their target price on Old Republic International from $23.00 to $21.00 and set a “strong-buy” rating for the company in a research note on Monday, April 27th. Zacks Investment Research upgraded Old Republic International from a “sell” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research note on Thursday, June 18th. Finally, ValuEngine lowered Old Republic International from a “hold” rating to a “sell” rating in a research report on Friday, May 1st.

A number of hedge funds have recently made changes to their positions in ORI. Norges Bank acquired a new stake in Old Republic International in the fourth quarter worth about $71,968,000. Miller Howard Investments Inc. NY lifted its stake in Old Republic International by 37.1% in the 1st quarter. Miller Howard Investments Inc. NY now owns 2,302,627 shares of the insurance provider’s stock valued at $35,115,000 after acquiring an additional 622,642 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Old Republic International by 460.6% in the 4th quarter. Janus Henderson Group PLC now owns 638,750 shares of the insurance provider’s stock valued at $14,289,000 after acquiring an additional 524,800 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in Old Republic International by 45.0% in the 1st quarter. Ensign Peak Advisors Inc now owns 1,600,464 shares of the insurance provider’s stock valued at $24,407,000 after acquiring an additional 496,500 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Old Republic International by 18.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,100,485 shares of the insurance provider’s stock valued at $47,282,000 after acquiring an additional 483,360 shares in the last quarter. Hedge funds and other institutional investors own 74.16% of the company’s stock.

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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Insider Buying and Selling by Quarter for Old Republic International (NYSE:ORI)

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