Old Republic International Corporation (NYSE:ORI) has tumbled 3.72% during the past week and has dropped 4.13% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.57%. Old Republic International Corporation (NYSE:ORI) has underperformed the index by 5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Old Republic International Corporation (NYSE:ORI): The stock opened at $18.43 on Friday but the bulls could not build on the opening and the stock topped out at $18.46 for the day. The stock traded down to $18.28 during the day, due to lack of any buying support eventually closed down at $18.36 with a loss of -0.54% for the day. The stock had closed at $18.46 on the previous day. The total traded volume was 2,194,086 shares.
The company shares have rallied 14.04% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $19.36 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $18.91 and the 200 Day Moving Average price is recorded at $18.37.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Steiner Arnold L, director of Old Republic International Corp, had unloaded 14,000 shares at an average price of $18.74 in a transaction dated on May 6, 2016. The total value of the transaction was worth $262,360.
Currently the company Insiders own 2.3% of Old Republic International Corporation shares according to the proxy statements. Institutional Investors own 71.11% of Old Republic International Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 7.87%.
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 Groups 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.