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

Shares of ORI opened at $16.26 on Friday. The business’s 50 day moving average is $16.29 and its 200 day moving average is $17.82. The company has a market capitalization of $5.01 billion, a PE ratio of 8.82 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. 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 (NYSE:ORI) last released 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 business 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 firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. Equities research analysts predict that Old Republic International Co. will post 1.7 earnings per share for the current year.

Several brokerages recently issued reports on ORI. Raymond James decreased their target price on Old Republic International from $23.00 to $21.00 and set a “strong-buy” rating on the stock in a research note on Monday, April 27th. Zacks Investment Research raised Old Republic International from a “sell” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research note on Thursday, June 18th. Finally, ValuEngine downgraded Old Republic International from a “hold” rating to a “sell” rating in a research note on Friday, May 1st.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brinker Capital Inc. grew its holdings in Old Republic International by 73.6% during the 2nd quarter. Brinker Capital Inc. now owns 33,582 shares of the insurance provider’s stock valued at $548,000 after buying an additional 14,241 shares in the last quarter. Convergence Investment Partners LLC grew its holdings in Old Republic International by 32.8% during the 2nd quarter. Convergence Investment Partners LLC now owns 44,919 shares of the insurance provider’s stock valued at $733,000 after buying an additional 11,083 shares in the last quarter. State of Michigan Retirement System grew its holdings in Old Republic International by 31.4% during the 2nd quarter. State of Michigan Retirement System now owns 103,970 shares of the insurance provider’s stock valued at $1,696,000 after buying an additional 24,843 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in Old Republic International during the 2nd quarter valued at approximately $216,000. Finally, First Quadrant L P CA purchased a new position in Old Republic International during the 2nd quarter valued at approximately $544,000. Institutional investors and hedge funds 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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