Old Republic International Corporation (NYSE:ORI) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Old Republic International Corporation’s rating score has improved by 50% from three months ago as a result of various analysts’ ratings changes.
Brokers have set a one year consensus price objective of $25.00 for the company and are predicting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also assigned Old Republic International Corporation an industry rank of 196 out of 265 based on the ratings given to its competitors.
Several brokerages have recently commented on ORI. Zacks Investment Research cut shares of Old Republic International Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Raymond James Financial, Inc. raised shares of Old Republic International Corporation from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $23.00 to $25.00 in a research note on Monday, October 30th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP increased its position in shares of Old Republic International Corporation by 84.5% during the third quarter. Susquehanna International Group LLP now owns 26,935 shares of the insurance provider’s stock worth $530,000 after acquiring an additional 12,335 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Old Republic International Corporation by 91.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 207,837 shares of the insurance provider’s stock worth $4,092,000 after purchasing an additional 99,292 shares in the last quarter. Moors & Cabot Inc. purchased a new position in Old Republic International Corporation in the third quarter valued at about $206,000. California Public Employees Retirement System boosted its stake in Old Republic International Corporation by 4.3% in the third quarter. California Public Employees Retirement System now owns 614,969 shares of the insurance provider’s stock valued at $12,109,000 after acquiring an additional 25,486 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Old Republic International Corporation by 4.2% in the third quarter. Janney Montgomery Scott LLC now owns 75,244 shares of the insurance provider’s stock valued at $1,482,000 after acquiring an additional 3,060 shares during the last quarter. Hedge funds and other institutional investors own 71.76% of the company’s stock.
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Old Republic International Corporation (NYSE ORI) opened at $20.81 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $5,479.27, a PE ratio of 17.02 and a beta of 1.36. Old Republic International Corporation has a 1-year low of $17.53 and a 1-year high of $21.19.
Old Republic International Corporation (NYSE:ORI) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.06. Old Republic International Corporation had a net margin of 6.45% and a return on equity of 7.50%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. equities analysts forecast that Old Republic International Corporation will post 1.17 earnings per share for the current year.
About Old Republic International Corporation
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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