Zacks: Old Republic International Co. (ORI) Receives Average Recommendation of “Strong Buy” from Analysts

Old Republic International Co. (NYSE:ORI) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Old Republic International’s rating score has improved by 50% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a 1 year consensus price objective of $25.00 for the company and are predicting that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Old Republic International an industry rank of 92 out of 265 based on the ratings given to related companies.

A number of research firms recently issued reports on ORI. Zacks Investment Research downgraded shares of Old Republic International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Raymond James Financial raised shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $23.00 to $25.00 in a research report on Monday, October 30th.

Old Republic International (NYSE ORI) traded down $0.24 on Friday, reaching $20.87. 2,520,000 shares of the company were exchanged, compared to its average volume of 1,760,000. The firm has a market cap of $5,510.00, a P/E ratio of 15.46 and a beta of 1.36. Old Republic International has a 12-month low of $17.92 and a 12-month high of $21.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 0.51.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, October 26th. The insurance provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.06. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Old Republic International had a net margin of 6.45% and a return on equity of 7.50%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. analysts expect that Old Republic International will post 1.17 EPS for the current year.

The business also recently declared a None dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 10th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. Old Republic International’s dividend payout ratio is presently 56.30%.

In other Old Republic International news, VP Charles S. Boone sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $20.96, for a total value of $314,400.00. Following the completion of the transaction, the vice president now owns 22,750 shares in the company, valued at approximately $476,840. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Karl W. Mueller sold 19,052 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $21.00, for a total value of $400,092.00. Following the completion of the transaction, the chief financial officer now owns 5,331 shares of the company’s stock, valued at approximately $111,951. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,552 shares of company stock valued at $1,711,992. 2.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Knightsbridge Asset Management LLC boosted its holdings in Old Republic International by 1.2% in the 3rd quarter. Knightsbridge Asset Management LLC now owns 401,187 shares of the insurance provider’s stock worth $7,899,000 after acquiring an additional 4,853 shares during the period. Susquehanna International Group LLP boosted its holdings in Old Republic International by 84.5% in the 3rd 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 during the period. Public Employees Retirement System of Ohio boosted its holdings in Old Republic International 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 acquiring an additional 99,292 shares during the period. Moors & Cabot Inc. purchased a new position in Old Republic International in the 3rd quarter worth approximately $206,000. Finally, California Public Employees Retirement System boosted its holdings in Old Republic International by 4.3% in the 3rd quarter. California Public Employees Retirement System now owns 614,969 shares of the insurance provider’s stock worth $12,109,000 after acquiring an additional 25,486 shares during the period. Hedge funds and other institutional investors own 70.64% of the company’s stock.

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Old Republic International 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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