Old Republic International (ORI) Upgraded at JMP Securities

Old Republic International (NYSE:ORI) was upgraded by JMP Securities from a “market perform” rating to an “outperform” rating in a research report issued on Monday, Marketbeat reports.

ORI has been the subject of several other reports. Zacks Investment Research downgraded Old Republic International from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $23.00 to $25.00 in a report on Monday, October 30th.

Old Republic International (NYSE:ORI) traded up $0.42 during mid-day trading on Monday, hitting $20.32. The stock had a trading volume of 3,920,000 shares, compared to its average volume of 4,140,000. The firm has a market capitalization of $5,360.00, a P/E ratio of 10.64 and a beta of 1.34. Old Republic International has a 1-year low of $17.92 and a 1-year high of $22.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.31 and a quick ratio of 0.51.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, January 25th. The insurance provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.64 billion. Old Republic International had a return on equity of 6.80% and a net margin of 8.95%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. equities research analysts expect that Old Republic International will post 1.7 EPS for the current fiscal year.

In related news, VP Charles S. Boone sold 15,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $20.96, for a total transaction of $314,400.00. Following the completion of the sale, the vice president now directly owns 22,750 shares of the company’s stock, valued at $476,840. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Karl W. Mueller sold 19,052 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 5,331 shares of the company’s stock, valued at $111,951. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,552 shares of company stock valued at $1,711,992. Corporate insiders own 2.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. lifted its holdings in Old Republic International by 6.2% in the third quarter. Prudential Financial Inc. now owns 2,460,286 shares of the insurance provider’s stock valued at $48,443,000 after acquiring an additional 143,040 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in Old Republic International by 8.6% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 1,599,689 shares of the insurance provider’s stock valued at $31,498,000 after acquiring an additional 126,430 shares during the period. Capital Returns Management LLC lifted its holdings in Old Republic International by 37.1% in the third quarter. Capital Returns Management LLC now owns 1,311,393 shares of the insurance provider’s stock valued at $25,821,000 after acquiring an additional 354,975 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Old Republic International by 6.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,236,067 shares of the insurance provider’s stock valued at $26,428,000 after acquiring an additional 75,672 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Old Republic International by 2.8% in the third quarter. Legal & General Group Plc now owns 1,213,460 shares of the insurance provider’s stock valued at $23,895,000 after acquiring an additional 33,231 shares during the period. 71.13% of the stock is owned by institutional investors.

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About Old Republic International

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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