Insider Buying: Old Republic International Corp. CEO Purchases 1,580 Shares of Stock (ORI)
Old Republic International Corp. (NYSE:ORI) CEO Aldo C. Zucaro purchased 1,580 shares of the stock 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 completion of 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 document filed with the SEC, which is available at this link.
Old Republic International Corp. (NYSE:ORI) opened at 14.32 on Friday. 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 $16.10 and a 200-day moving average of $16.16. The company has a market cap of $3.703 billion and a P/E ratio of 9.05.
Old Republic International Corp. (NYSE:ORI) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. On average, analysts predict that Old Republic International Corp. will post $1.02 earnings per share for the current fiscal year.
Old Republic International Corporation (NYSE:ORI) is a holding company engaged in the single business of insurance underwriting.
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