Insider Buying: Old Republic International Corp. CEO Buys 1,580 Shares of Stock (ORI)
Old Republic International Corp. (NYSE:ORI) CEO Aldo C. Zucaro bought 1,580 shares of the stock on the open market in a transaction dated Friday, August 1st. The stock was purchased at an average price of $14.50 per share, for a total transaction of $22,910.00. Following the acquisition, the chief executive officer now directly owns 1,232,080 shares of the company’s stock, valued at approximately $17,865,160. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Old Republic International Corp. (NYSE:ORI) traded down 0.69% on Thursday, hitting $14.40. 409,552 shares of the company’s stock traded hands. Old Republic International Corp. has a 52-week low of $13.74 and a 52-week high of $17.45. The stock has a 50-day moving average of $16.18 and a 200-day moving average of $16.18. The company has a market cap of $3.724 billion and a P/E ratio of 9.05.
Old Republic International Corp. (NYSE:ORI) last released its earnings data on Thursday, July 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.03. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. Analysts expect that Old Republic International Corp. will post $1.02 EPS for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Old Republic International Corp. from an “outperform” rating to a “neutral” rating in a research note on Monday, June 30th. They now have a $18.60 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.80.
Old Republic International Corporation (NYSE:ORI) is a holding company engaged in the single business of insurance underwriting.
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