Shares of Old Republic International Co. (NYSE:ORI) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price target 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 71 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut Old Republic International from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th.
A number of large investors have recently bought and sold shares of ORI. Janus Henderson Group PLC purchased a new stake in shares of Old Republic International in the second quarter valued at approximately $525,000. Federated Investors Inc. PA lifted its holdings in Old Republic International by 21.7% in the second quarter. Federated Investors Inc. PA now owns 102,841 shares of the insurance provider’s stock valued at $2,047,000 after acquiring an additional 18,346 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Old Republic International by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 36,111 shares of the insurance provider’s stock worth $718,000 after purchasing an additional 2,716 shares in the last quarter. First Republic Investment Management Inc. acquired a new position in Old Republic International during the second quarter worth $389,000. Finally, Bank of America Corp DE lifted its stake in Old Republic International by 1.4% during the second quarter. Bank of America Corp DE now owns 534,552 shares of the insurance provider’s stock worth $10,643,000 after purchasing an additional 7,267 shares in the last quarter. Institutional investors own 72.89% of the company’s stock.
Shares of Old Republic International stock traded up $0.14 during trading on Tuesday, reaching $21.61. The company’s stock had a trading volume of 1,196,694 shares, compared to its average volume of 1,547,152. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 19.47 and a beta of 1.04. Old Republic International has a 1-year low of $19.48 and a 1-year high of $23.05.
Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.12. Old Republic International had a return on equity of 10.18% and a net margin of 12.01%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.56 billion. On average, equities research analysts anticipate that Old Republic International will post 1.85 earnings per share for the current fiscal year.
Old Republic International Company Profile
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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