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

Old Republic International stock opened at $16.07 on Friday. The company has a market capitalization of $4.89 billion, a PE ratio of 17.66 and a beta of 0.86. The stock has a 50-day moving average price of $16.27 and a two-hundred day moving average price of $17.79. The company has a current ratio of 1.21, a quick ratio of 0.49 and a debt-to-equity ratio of 0.17. 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 issued its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Old Republic International had a return on equity of 9.87% and a net margin of 4.26%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. As a group, analysts predict that Old Republic International Co. will post 1.7 earnings per share for the current fiscal year.

Several analysts recently weighed in on ORI shares. ValuEngine downgraded Old Republic International from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Raymond James dropped 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 report on Monday, April 27th. Finally, 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 report on Thursday, June 18th.

Hedge funds have recently modified their holdings of the company. State Street Corp grew its stake in Old Republic International by 1.1% during the first quarter. State Street Corp now owns 21,520,807 shares of the insurance provider’s stock worth $328,192,000 after purchasing an additional 235,683 shares during the period. Victory Capital Management Inc. lifted its holdings in Old Republic International by 1.4% during the first quarter. Victory Capital Management Inc. now owns 7,281,252 shares of the insurance provider’s stock worth $111,039,000 after acquiring an additional 100,921 shares during the period. Franklin Resources Inc. lifted its holdings in Old Republic International by 5.8% during the first quarter. Franklin Resources Inc. now owns 5,859,043 shares of the insurance provider’s stock worth $89,351,000 after acquiring an additional 319,337 shares during the period. Hamlin Capital Management LLC lifted its holdings in Old Republic International by 12.8% during the second quarter. Hamlin Capital Management LLC now owns 4,064,255 shares of the insurance provider’s stock worth $66,288,000 after acquiring an additional 461,006 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Old Republic International by 0.7% during the first quarter. Geode Capital Management LLC now owns 4,003,782 shares of the insurance provider’s stock worth $61,501,000 after acquiring an additional 28,556 shares during the period. 74.16% of the stock is owned by institutional investors.

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

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