Somewhat Positive News Coverage Somewhat Unlikely to Affect Old Republic International (ORI) Stock Price
News stories about Old Republic International (NYSE:ORI) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Old Republic International earned a news impact score of 0.09 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 45.4584736107746 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Old Republic International (ORI) traded down $0.12 during mid-day trading on Thursday, hitting $20.53. 1,166,568 shares of the stock were exchanged, compared to its average volume of 1,353,326. The company has a market capitalization of $5,420.00, a PE ratio of 17.05 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.51 and a quick ratio of 0.51. Old Republic International has a 52-week low of $17.92 and a 52-week high of $21.19.
Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, October 26th. The insurance provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $1.56 billion during 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 business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. sell-side analysts forecast that Old Republic International will post 1.17 EPS for the current fiscal year.
ORI has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Old Republic International from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $23.00 to $25.00 in a report on Monday, October 30th.
In other 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 completion of the transaction, the chief operating officer now owns 40,000 shares of the company’s stock, valued at $840,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Karl W. Mueller sold 19,052 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $21.00, for a total transaction of $400,092.00. Following the completion of the transaction, the chief financial officer now directly owns 5,331 shares of the company’s stock, valued at approximately $111,951. The disclosure for this sale can be found here. Insiders sold 81,552 shares of company stock valued at $1,711,992 in the last three months. Company insiders own 2.00% of the company’s stock.
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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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