NEW YORK (TheStreet) -- Shares of Old Republic Int'l (ORI - Get Report) were falling 7.43% to $17.08 on heavy trading volume early Thursday afternoon after the company posted weaker-than-expected revenue for the 2016 third quarter.
Before the opening bell, the Chicago-based insurance underwriter reported revenue of $1.49 billion, while analysts had expected $1.57 billion.
Earnings of 37 cents per diluted share topped analysts' estimates of 35 cents per share.
More than 3.24 million of the company's shares changed hands so far today vs. its average volume of 1.73 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and solid stock price performance.
The team believes its strengths outweigh the fact that the company shows weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: ORI