Old Republic International Co. (NYSE:ORI) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus target price of $25.00 for the company and are expecting that the company will post $0.42 EPS for the current quarter, according to Zacks. Zacks has also given Old Republic International an industry rank of 109 out of 257 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Old Republic International from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Thursday, November 1st.
ORI stock traded up $0.20 during trading on Wednesday, reaching $22.66. The company had a trading volume of 1,074,100 shares, compared to its average volume of 2,231,825. The stock has a market capitalization of $6.57 billion, a PE ratio of 20.41 and a beta of 1.06. The company has a quick ratio of 0.49, a current ratio of 1.27 and a debt-to-equity ratio of 0.18. Old Republic International has a twelve month low of $19.48 and a twelve month high of $23.05.
Old Republic International (NYSE:ORI) last released its earnings results on Thursday, October 25th. The insurance provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.12. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Old Republic International had a net margin of 12.01% and a return on equity of 10.18%. On average, equities research analysts expect that Old Republic International will post 1.85 earnings per share for the current year.
In related news, CFO Karl W. Mueller sold 9,879 shares of Old Republic International stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 26,787 shares in the company, valued at approximately $589,314. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ORI. BlackRock Inc. raised its position in Old Republic International by 6.9% during the 2nd quarter. BlackRock Inc. now owns 27,797,852 shares of the insurance provider’s stock worth $553,455,000 after buying an additional 1,798,214 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Old Republic International by 3,732.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,759,156 shares of the insurance provider’s stock valued at $35,025,000 after purchasing an additional 1,713,253 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Old Republic International during the 3rd quarter valued at approximately $28,049,000. LSV Asset Management increased its holdings in shares of Old Republic International by 451.9% during the 2nd quarter. LSV Asset Management now owns 1,497,300 shares of the insurance provider’s stock valued at $29,811,000 after purchasing an additional 1,226,000 shares in the last quarter. Finally, Hamlin Capital Management LLC increased its holdings in shares of Old Republic International by 63.5% during the 2nd quarter. Hamlin Capital Management LLC now owns 2,796,753 shares of the insurance provider’s stock valued at $55,683,000 after purchasing an additional 1,086,120 shares in the last quarter. 71.99% of the stock is owned by institutional investors.
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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