Insider Buying: James C. Hellauer Acquires 4,000 Shares of Old Republic International Corp. Stock (ORI)
Old Republic International Corp. (NYSE:ORI) Director James C. Hellauer purchased 4,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of $15.38 per share, for a total transaction of $61,520.00. Following the purchase, the director now directly owns 25,400 shares of the company’s stock, valued at approximately $390,652. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Old Republic International Corp. (NYSE:ORI) traded up 1.10% during mid-day trading on Monday, hitting $15.65. The stock had a trading volume of 2,157,934 shares. Old Republic International Corp. has a 52 week low of $11.17 and a 52 week high of $17.45. The stock has a 50-day moving average of $16.71 and a 200-day moving average of $15.63. The company has a market cap of $4.027 billion and a P/E ratio of 12.78.
Old Republic International Corp. (NYSE:ORI) last released its earnings data on Thursday, January 23rd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Old Republic International Corp. will post $1.12 earnings per share for the current fiscal year.
ORI has been the subject of a number of recent research reports. Analysts at Macquarie initiated coverage on shares of Old Republic International Corp. in a research note to investors on Tuesday, January 7th. They set a “neutral” rating on the stock. Separately, analysts at Zacks downgraded shares of Old Republic International Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $18.60 price target on the stock. Finally, analysts at JMP Securities initiated coverage on shares of Old Republic International Corp. in a research note to investors on Tuesday, December 17th. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Old Republic International Corp. currently has a consensus rating of “Hold” and an average price target of $27.15.
Old Republic International Corporation (NYSE:ORI) is a holding company engaged in the single business of insurance underwriting.
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