Old Republic International (NYSE:ORI) released its quarterly earnings data on Thursday. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.08, Briefing.com reports. Old Republic International had a return on equity of 9.76% and a net margin of 10.27%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year.
Shares of ORI stock opened at $22.68 on Friday. The business’s 50 day simple moving average is $22.45 and its 200 day simple moving average is $22.76. Old Republic International has a one year low of $19.68 and a one year high of $24.10. The stock has a market capitalization of $6.96 billion, a PE ratio of 10.17 and a beta of 0.73. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.49 and a quick ratio of 0.49.
In related news, insider Calderon Alberto sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $23.65, for a total value of $1,655,430.00. Insiders purchased 600 shares of company stock worth $13,508 over the last quarter. 1.90% of the stock is currently owned by company insiders.
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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