Zacks: Old Republic International Co. (ORI) Given $25.00 Consensus Target Price by Brokerages

Shares of Old Republic International Co. (NYSE:ORI) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus target price of $25.00 for the company and are forecasting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Old Republic International an industry rank of 80 out of 255 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th.

Shares of ORI opened at $20.41 on Tuesday. Old Republic International has a one year low of $19.33 and a one year high of $23.05. The stock has a market capitalization of $6.25 billion, a PE ratio of 18.39 and a beta of 1.20. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.19.

Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, July 26th. The insurance provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Old Republic International had a net margin of 8.72% and a return on equity of 7.53%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm posted $0.35 EPS. On average, research analysts forecast that Old Republic International will post 1.75 earnings per share for the current fiscal year.

In other news, CFO Karl W. Mueller sold 9,879 shares of Old Republic International stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $22.00, for a total value of $217,338.00. Following the completion of the transaction, the chief financial officer now owns 26,787 shares of the company’s stock, valued at approximately $589,314. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in ORI. Sei Investments Co. boosted its holdings in shares of Old Republic International by 46.8% during the 1st quarter. Sei Investments Co. now owns 41,322 shares of the insurance provider’s stock worth $886,000 after buying an additional 13,179 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Old Republic International during the 1st quarter worth about $612,000. OppenheimerFunds Inc. boosted its holdings in shares of Old Republic International by 5.0% during the 1st quarter. OppenheimerFunds Inc. now owns 88,708 shares of the insurance provider’s stock worth $1,903,000 after buying an additional 4,232 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of Old Republic International during the 1st quarter worth about $392,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Old Republic International by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,102,293 shares of the insurance provider’s stock worth $23,644,000 after buying an additional 50,426 shares during the period. 72.68% of the stock is owned by institutional investors and hedge funds.

About Old Republic International

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.

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