Shares of Old Republic International Co. (NYSE:ORI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $25.00 for the company and are anticipating that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Old Republic International an industry rank of 183 out of 255 based on the ratings given to related companies.
ORI has been the topic of a number of research analyst reports. TheStreet raised Old Republic International from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. Zacks Investment Research downgraded Old Republic International from a “buy” rating to a “hold” rating in a report on Wednesday, December 26th.
ORI remained flat at $$21.04 on Tuesday. The company had a trading volume of 1,137,635 shares, compared to its average volume of 1,231,669. Old Republic International has a fifty-two week low of $19.52 and a fifty-two week high of $23.05. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 11.31 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.19.
Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 24th. The insurance provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.57 billion. Old Republic International had a return on equity of 10.79% and a net margin of 6.15%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, equities research analysts anticipate that Old Republic International will post 1.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a dividend of $0.20 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Monday, March 4th. Old Republic International’s dividend payout ratio (DPR) is currently 43.01%.
In related news, CEO Aldo C. Zucaro bought 5,000 shares of the stock in a transaction that occurred on Monday, January 28th. The stock was acquired at an average cost of $19.87 per share, with a total value of $99,350.00. Following the transaction, the chief executive officer now directly owns 1,260,080 shares in the company, valued at $25,037,789.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have purchased 5,600 shares of company stock valued at $111,828. 1.90% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new stake in Old Republic International during the 4th quarter worth about $29,000. Pearl River Capital LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at about $33,000. Clarfeld Financial Advisors LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at about $33,000. Omnia Family Wealth LLC acquired a new stake in shares of Old Republic International in the 4th quarter valued at about $34,000. Finally, Westside Investment Management Inc. boosted its stake in Old Republic International by 500.0% during the 4th quarter. Westside Investment Management Inc. now owns 2,400 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 2,000 shares during the last quarter. 73.89% 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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