Revenue Update on Old Republic International Corporation(NYSE:ORI)

Old Republic International Corporation(NYSE:ORI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $1.44B. Analysts estimated a revenue of $1.44B. Earnings per share were $0.34. Analysts had estimated an EPS of $0.31.

Old Republic International Corporation (ORI) shares turned negative on Thursdays trading session with the shares closing down -0.07 points or -0.36% at a volume of 11,71,981. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.44. The peak price level was also seen at $19.44 while the days lowest was $19.3. Finally the shares closed at $19.3. The 52-week high of the shares is $20 while the 52-week low is $14.86. According to the latest information available, the market cap of the company is $5,060 M.

Several Insider Transactions has been reported to the SEC. On May 10, 2016, Arnold L Steiner (director) sold 14,000 shares at $18.74 per share price.Also, On Feb 8, 2016, James C Hellauer (director) purchased 2,000 shares at $17.20 per share price.On Nov 2, 2015, Rande Keith Yeager (Sr. VP – Title Insurance) sold 67,109 shares at $18.16 per share price, according to the Form-4 filing with the securities and exchange commission.

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 a number of 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. General Insurance segment is a commercial lines insurance business with a focus on liability insurance coverages. These coverages are provided to businesses Government and other institutions. Title Insurance Group’s business consists of the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. RFIG run-off business consists of its mortgage guaranty and CCI operations.

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