Zacks: Old Republic International Corp. (NYSE:ORI) Given $21.00 Average Target Price by Analysts
Shares of Old Republic International Corp. (NYSE:ORI) have been given a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.
Brokers have set a one year consensus target price of $21.00 for the company and are expecting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Old Republic International Corp. an industry rank of 197 out of 265 based on the ratings given to its competitors.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. increased its position in Old Republic International Corp. by 10.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,008,079 shares of the company’s stock worth $146,388,000 after buying an additional 762,107 shares during the last quarter. BlackRock Group LTD increased its position in Old Republic International Corp. by 8.7% in the first quarter. BlackRock Group LTD now owns 662,878 shares of the company’s stock worth $12,118,000 after buying an additional 53,271 shares during the last quarter. BlackRock Inc. increased its position in Old Republic International Corp. by 55.7% in the first quarter. BlackRock Inc. now owns 428,454 shares of the company’s stock worth $7,833,000 after buying an additional 153,253 shares during the last quarter. Algert Global LLC increased its position in Old Republic International Corp. by 15.0% in the first quarter. Algert Global LLC now owns 129,134 shares of the company’s stock worth $2,361,000 after buying an additional 16,884 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in Old Republic International Corp. by 49.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,022,487 shares of the company’s stock worth $18,691,000 after buying an additional 337,037 shares during the last quarter. Institutional investors and hedge funds own 70.99% of the company’s stock.
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Old Republic International Corp. (NYSE:ORI) traded up 0.250% during midday trading on Wednesday, hitting $18.075. The company had a trading volume of 652,850 shares. The company has a market cap of $4.69 billion, a price-to-earnings ratio of 11.760 and a beta of 0.94. The firm has a 50-day moving average price of $19.00 and a 200-day moving average price of $18.81. Old Republic International Corp. has a 12 month low of $15.24 and a 12 month high of $20.00.
Old Republic International Corp. (NYSE:ORI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Old Republic International Corp. had a return on equity of 9.12% and a net margin of 7.49%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business earned $0.32 EPS. Old Republic International Corp.’s revenue was up 3.0% on a year-over-year basis. Equities analysts anticipate that Old Republic International Corp. will post $1.35 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were issued a $0.1875 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.16%. Old Republic International Corp.’s payout ratio is currently 48.70%.
Old Republic International Corp. Company Profile
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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