Could Old Republic International Corporation Change Direction After Today’s Bearish Options Activity?

 Could Old Republic International Corporation Change Direction After Today's Bearish Options Activity?

In today’s session Old Republic International Corporation (ORI) recorded an unusually high (300) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious ORI decrease. With 300 contracts traded and 2104 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: ORI170120P00017500 closed last at: $0.4 or 14.3% up. The stock last traded at $18.24 per share. It is down 0.38% since April 27, 2016 and is downtrending. It has underperformed by 5.61% the S&P500.

Analysts await Old Republic International Corporation (NYSE:ORI) to report earnings on January, 26. They expect $0.30 earnings per share, up 3.45% or $0.01 from last year’s $0.29 per share. ORI’s profit will be $79.77M for 15.20 P/E if the $0.30 EPS becomes a reality. After $0.37 actual earnings per share reported by Old Republic International Corporation for the previous quarter, Wall Street now forecasts -18.92% negative EPS growth.

According to Zacks Investment Research, “Old Republic International Corporation is Chicago-based and is an insurance holding company whose subsidiaries market, underwrite and provide risk management services for a wide variety of coverages in the property and liability, mortgage guaranty, title and life and health insurance fields.”

Insitutional Activity: The institutional sentiment increased to 1.42 in 2016 Q2. Its up 0.38, from 1.04 in 2016Q1. The ratio increased, as 31 funds sold all Old Republic International Corporation shares owned while 121 reduced positions. 37 funds bought stakes while 121 increased positions. They now own 182.13 million shares or 3.56% less from 188.86 million shares in 2016Q1.
Moreover, Kcg Holding has 0.02% invested in Old Republic International Corporation (NYSE:ORI) for 48,466 shares. Checchi Capital Advisers Limited Co accumulated 0.01% or 2,796 shares. Moreover, Voya Mngmt Ltd Company has 0.02% invested in Old Republic International Corporation (NYSE:ORI) for 381,822 shares. Royal London Asset Mngmt Ltd holds 0.03% or 86,728 shares in its portfolio. Cetera Advsrs Ltd Llc owns 12,629 shares or 0.02% of their US portfolio. Ontario Teachers Pension Plan Board reported 22,352 shares or 0% of all its holdings. Parametric Portfolio Assocs Lc has invested 0.01% of its portfolio in Old Republic International Corporation (NYSE:ORI). Capstone Asset Co last reported 29,452 shares in the company. Next Fin Group owns 38 shares or 0% of their US portfolio. Parkside National Bank Trust, a Missouri-based fund reported 1,404 shares. Argentus Limited Liability holds 0.02% of its portfolio in Old Republic International Corporation (NYSE:ORI) for 2,370 shares. Ibm Retirement Fund has invested 0.02% of its portfolio in Old Republic International Corporation (NYSE:ORI). Da Davidson Company has 0% invested in the company for 1,821 shares. Suntrust Banks reported 172,384 shares or 0.02% of all its holdings. Comerica Natl Bank accumulated 0.22% or 1.29 million shares.

Insider Transactions: Since October 28, 2016, the stock had 5 insider purchases, and 0 sales for $325,981 net activity. 8,000 shares were bought by DEW JIMMY A, worth $134,880. HELLAUER JAMES C bought 1,500 shares worth $24,810. The insider Van Mieghem Dennis P bought $33,440. ZUCARO ALDO C bought $48,501 worth of stock or 2,920 shares.

Old Republic International Corporation is a holding company. The company has a market cap of $4.85 billion. The Firm is engaged in business of insurance underwriting and related services. It has a 12.48 P/E ratio. The Firm conducts its activities through various regulated insurance firm subsidiaries, which are organized into three divisions: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group Run-off Business.

ORI Company Profile

Old Republic International Corporation, incorporated on March 6, 1969, is a holding company. The Firm is engaged in business of insurance underwriting and related services. The Firm conducts its activities through various regulated insurance firm subsidiaries, which are organized into three divisions: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

Another recent and important Old Republic International Corporation (NYSE:ORI) news was published by Prnewswire.com which published an article titled: “Old Republic Declares Regular Fourth Quarter Cash Dividend Of 18.75 Cents Per …” on November 21, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment