Old Republic International Co. (NYSE:ORI) Receives Average Rating of “Buy” from Analysts

Old Republic International Co. (NYSE:ORI) has earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokerages have set a 1-year consensus target price of $26.00 for the company and are anticipating that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given Old Republic International an industry rank of 197 out of 255 based on the ratings given to its competitors.

Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded Old Republic International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 16th. Raymond James dropped their target price on Old Republic International from $27.00 to $26.00 and set a “strong-buy” rating on the stock in a research report on Friday, October 25th. Finally, ValuEngine upgraded Old Republic International from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.

In related news, insider Calderon Alberto 44,042 shares of the firm’s stock in a transaction dated Monday, November 4th. Also, CFO Karl W. Mueller sold 20,760 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $23.25, for a total value of $482,670.00. Following the sale, the chief financial officer now owns 52,539 shares in the company, valued at $1,221,531.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 600 shares of company stock worth $13,516 and have sold 109,510 shares worth $2,566,383. 1.90% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of ORI. Parallel Advisors LLC lifted its stake in Old Republic International by 29.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,257 shares of the insurance provider’s stock valued at $51,000 after buying an additional 509 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in Old Republic International by 0.8% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 75,775 shares of the insurance provider’s stock valued at $1,696,000 after buying an additional 569 shares in the last quarter. World Asset Management Inc lifted its stake in Old Republic International by 3.5% in the 3rd quarter. World Asset Management Inc now owns 17,715 shares of the insurance provider’s stock valued at $418,000 after buying an additional 605 shares in the last quarter. Texas Permanent School Fund lifted its stake in Old Republic International by 0.4% in the 3rd quarter. Texas Permanent School Fund now owns 193,988 shares of the insurance provider’s stock valued at $4,572,000 after buying an additional 720 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Old Republic International by 4.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,188 shares of the insurance provider’s stock valued at $429,000 after buying an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 75.02% of the company’s stock.

Shares of ORI traded up $0.11 during midday trading on Tuesday, hitting $22.80. 691,534 shares of the company’s stock traded hands, compared to its average volume of 1,470,811. Old Republic International has a 1 year low of $19.55 and a 1 year high of $24.10. The firm’s fifty day moving average is $23.12 and its 200-day moving average is $22.71. The company has a current ratio of 0.49, a quick ratio of 0.48 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 12.26 and a beta of 0.75.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Old Republic International had a return on equity of 9.76% and a net margin of 10.27%. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $0.56 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Old Republic International will post 1.75 EPS for the current year.

Old Republic International Company Profile

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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