Old Republic International Co. (NYSE:ORI) has earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price objective of $25.00 for the company and are anticipating that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Old Republic International an industry rank of 56 out of 265 based on the ratings given to related companies.
Several brokerages have recently weighed in on ORI. JMP Securities raised Old Republic International from a “market perform” rating to an “outperform” rating in a research note on Monday, February 12th. Zacks Investment Research cut Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $23.00 to $25.00 in a research note on Monday, October 30th.
In related news, Director Glenn W. Reed purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was bought at an average price of $20.43 per share, with a total value of $102,150.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Charles S. Boone sold 15,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $20.96, for a total value of $314,400.00. Following the completion of the sale, the vice president now directly owns 22,750 shares of the company’s stock, valued at approximately $476,840. The disclosure for this sale can be found here. In the last three months, insiders sold 81,552 shares of company stock valued at $1,711,992. Insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC acquired a new stake in Old Republic International during the third quarter worth approximately $118,000. Bessemer Group Inc. acquired a new stake in Old Republic International during the fourth quarter worth approximately $145,000. DekaBank Deutsche Girozentrale grew its stake in Old Republic International by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,999 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 3,513 shares during the period. Narus Financial Partners LLC acquired a new stake in Old Republic International during the third quarter worth approximately $206,000. Finally, Moors & Cabot Inc. acquired a new stake in Old Republic International during the third quarter worth approximately $206,000. 72.85% of the stock is owned by institutional investors and hedge funds.
Shares of Old Republic International (ORI) traded down $0.13 on Tuesday, reaching $20.85. The company’s stock had a trading volume of 2,826,570 shares, compared to its average volume of 4,080,809. Old Republic International has a fifty-two week low of $17.92 and a fifty-two week high of $22.34. The company has a current ratio of 1.31, a quick ratio of 0.51 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5,480.00, a PE ratio of 10.92 and a beta of 1.34.
Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 25th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. Old Republic International had a return on equity of 6.80% and a net margin of 8.95%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. equities analysts forecast that Old Republic International will post 1.7 earnings per share for the current fiscal year.
The business also recently declared a None dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 10th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. Old Republic International’s payout ratio is 39.79%.
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Old Republic International Company Profile
Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.
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