Wunderlich Securities Lowers EPS For Old Republic International (ORI)

Wunderlich Securities has lowered its earnings per share expectations for Old Republic International ORI for 2011 and 2012 in a report published today. In the report, Wunderlich states it expects earnings per share to fall from $0.45 to $0.30 this year. In 2012, Old Republic's earnings per share are revised from $1.00 to $0.80. Wunderlich also highlighted some positive aspects by claiming: "We believe ORI is well managed and valuation will expand as fundamentals improve in the economy and insurance markets." Old Republic's shares lost 1.84% in yesterday's trading to finish at $12.83.