Calderon Alberto Sells 70,000 Shares of Old Republic International Co. (NYSE:ORI) Stock

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Old Republic International Co. (NYSE:ORI) insider Calderon Alberto sold 70,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $23.65, for a total transaction of $1,655,430.00.

Calderon Alberto also recently made the following trade(s):

  • On Monday, November 4th, Calderon Alberto 44,042 shares of Old Republic International stock.

Shares of NYSE ORI traded up $0.11 during mid-day trading on Friday, hitting $22.80. 691,534 shares of the stock were exchanged, compared to its average volume of 1,470,811. The company has a market cap of $6.88 billion, a P/E ratio of 12.26 and a beta of 0.75. The stock’s fifty day simple moving average is $23.12 and its two-hundred day simple moving average is $22.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.48 and a current ratio of 0.49. Old Republic International Co. has a twelve month low of $19.55 and a twelve month high of $24.10.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $0.51 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.65 billion. Old Republic International had a net margin of 10.27% and a return on equity of 9.76%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share. As a group, equities research analysts predict that Old Republic International Co. will post 1.75 earnings per share for the current fiscal year.

ORI has been the subject of several recent research reports. Raymond James dropped their price target on shares of Old Republic International from $27.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Friday, October 25th. ValuEngine raised shares of Old Republic International from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research lowered shares of Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Old Republic International has an average rating of “Hold” and an average target price of $25.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC increased its holdings in shares of Old Republic International by 29.1% in the second quarter. Parallel Advisors LLC now owns 2,257 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 509 shares in the last quarter. Swiss National Bank increased its holdings in shares of Old Republic International by 2.1% in the second quarter. Swiss National Bank now owns 535,100 shares of the insurance provider’s stock valued at $11,976,000 after purchasing an additional 11,100 shares in the last quarter. TD Asset Management Inc. increased its holdings in shares of Old Republic International by 24.9% in the second quarter. TD Asset Management Inc. now owns 106,006 shares of the insurance provider’s stock valued at $2,372,000 after purchasing an additional 21,151 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Old Republic International in the second quarter valued at approximately $4,494,000. Finally, Veritable L.P. acquired a new stake in shares of Old Republic International in the second quarter valued at approximately $213,000. 75.02% of the stock is owned by 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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Insider Buying and Selling by Quarter for Old Republic International (NYSE:ORI)

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