Old Republic International Corporation (ORI) Earning Somewhat Negative Media Coverage, Analysis Finds

News stories about Old Republic International Corporation (NYSE:ORI) have been trending somewhat negative recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Old Republic International Corporation earned a news sentiment score of -0.15 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 88 out of 100, meaning that recent media coverage is very likely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Old Republic International Corporation (NYSE:ORI) opened at 19.57 on Monday. The firm has a market cap of $5.11 billion, a P/E ratio of 12.32 and a beta of 1.32. The company’s 50-day moving average price is $19.80 and its 200 day moving average price is $19.94. Old Republic International Corporation has a 52 week low of $16.51 and a 52 week high of $21.19.

Old Republic International Corporation (NYSE:ORI) last released its earnings results on Thursday, April 27th. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.34 billion. Old Republic International Corporation had a net margin of 7.70% and a return on equity of 9.54%. Old Republic International Corporation’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, equities analysts anticipate that Old Republic International Corporation will post $1.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Monday, June 5th were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $0.76 annualized dividend and a yield of 3.88%. Old Republic International Corporation’s payout ratio is 47.80%.

ORI has been the topic of several research analyst reports. Zacks Investment Research raised Old Republic International Corporation from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, May 2nd. BidaskClub raised Old Republic International Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th.

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In other news, Director Steven J. Bateman bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $19.56 per share, for a total transaction of $97,800.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $293,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arnold L. Steiner sold 20,000 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $20.24, for a total transaction of $404,800.00. Following the completion of the transaction, the director now owns 270,237 shares in the company, valued at approximately $5,469,596.88. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Old Republic International Corporation Company Profile

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

Insider Buying and Selling by Quarter for Old Republic International Corporation (NYSE:ORI)

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