Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Old Republic International (ORI) Share Price
News coverage about Old Republic International (NYSE:ORI) has trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old Republic International earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 46.506460357709 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Old Republic International (NYSE:ORI) traded down $0.04 during midday trading on Friday, reaching $19.79. 2,047,165 shares of the company were exchanged, compared to its average volume of 1,950,000. The firm has a market cap of $5,220.00, a PE ratio of 14.66 and a beta of 1.36. Old Republic International has a 12-month low of $17.92 and a 12-month high of $21.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 0.51.
Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.06. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Old Republic International had a net margin of 6.45% and a return on equity of 7.50%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. analysts predict that Old Republic International will post 1.17 earnings per share for the current year.
The firm also recently disclosed a None dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. Old Republic International’s payout ratio is 56.30%.
A number of brokerages have recently issued reports on ORI. Zacks Investment Research downgraded shares of Old Republic International from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $23.00 to $25.00 in a report on Monday, October 30th.
In related news, COO R Scott Rager sold 47,500 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $21.00, for a total value of $997,500.00. Following the sale, the chief operating officer now directly owns 40,000 shares of the company’s stock, valued at approximately $840,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Charles S. Boone sold 15,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $20.96, for a total transaction of $314,400.00. Following the completion of the sale, the vice president now directly owns 22,750 shares in the company, valued at $476,840. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,552 shares of company stock worth $1,711,992. 2.00% of the stock is owned by corporate insiders.
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Old Republic International Company Profile
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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