Old Republic International Corporation (ORI) Releases Earnings Results, Beats Expectations By $0.04 EPS

Old Republic International Corporation (ORI) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.33 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.29. The company posted revenue of $1369.30 million in the period, compared to analysts expectations of $1354.00 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.

Old Republic International Corporation closed down -0.14 points or -0.76% at $18.3 with 15,34,205 shares getting traded on Wednesday. Post opening the session at $18.43, the shares hit an intraday low of $18.23 and an intraday high of $18.465 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 8, 2016, James C Hellauer (director) purchased 2,000 shares at $17.20 per share price. According to the SEC, on Nov 2, 2015, Rande Keith Yeager (Sr. VP – Title Insurance) sold 67,109 shares at $18.16 per share price. On Mar 9, 2015, Mieghem Dennis P Van (director) sold 1,000 shares at $14.95 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.

Old Republic International Corporation

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