Shares of Old Republic International (NYSE:ORI) have been given a consensus 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 rating.
Brokerages have set a twelve-month consensus price target of $25.00 for the company and are predicting 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 43 out of 265 based on the ratings given to related companies.
ORI has been the subject of several recent analyst reports. Zacks Investment Research downgraded Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. JMP Securities upgraded Old Republic International from a “market perform” rating to an “outperform” rating in a research note on Monday, February 12th. Finally, ValuEngine upgraded Old Republic International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st.
In other news, Director Glenn W. Reed acquired 5,000 shares of Old Republic International stock in a transaction on Thursday, February 15th. The stock was bought at an average price of $20.43 per share, for a total transaction of $102,150.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in ORI. Raymond James Financial Services Advisors Inc. lifted its position in shares of Old Republic International by 32.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 237,755 shares of the insurance provider’s stock worth $4,681,000 after acquiring an additional 57,893 shares during the period. Swiss National Bank raised its holdings in shares of Old Republic International by 1.8% in the 3rd quarter. Swiss National Bank now owns 418,700 shares of the insurance provider’s stock worth $8,244,000 after buying an additional 7,600 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Old Republic International by 20.8% in the 3rd quarter. Alps Advisors Inc. now owns 20,403 shares of the insurance provider’s stock worth $402,000 after buying an additional 3,518 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Old Republic International by 1.5% in the 3rd quarter. New York State Common Retirement Fund now owns 532,900 shares of the insurance provider’s stock worth $10,493,000 after buying an additional 7,800 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Old Republic International by 0.6% in the 3rd quarter. Rhumbline Advisers now owns 457,998 shares of the insurance provider’s stock worth $9,018,000 after buying an additional 2,776 shares in the last quarter. Institutional investors own 73.51% of the company’s stock.
Shares of ORI stock traded up $0.24 during midday trading on Friday, hitting $21.30. The stock had a trading volume of 6,648,409 shares, compared to its average volume of 3,166,995. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $5,737.09, a price-to-earnings ratio of 11.09 and a beta of 1.36. Old Republic International has a fifty-two week low of $17.92 and a fifty-two week high of $22.34.
Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 25th. The insurance provider reported $0.33 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. analysts predict that Old Republic International will post 1.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were given a $0.195 dividend. The ex-dividend date was Friday, March 2nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.66%. This is an increase from Old Republic International’s previous quarterly dividend of $0.19. Old Republic International’s dividend payout ratio (DPR) is currently 40.63%.
COPYRIGHT VIOLATION NOTICE: “Zacks: Old Republic International (ORI) Given $25.00 Average Target Price by Analysts” was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/03/18/zacks-old-republic-international-ori-given-25-00-average-target-price-by-analysts.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.