Zacks: Old Republic International Co. (ORI) Given Consensus Rating of “Strong Buy” by Analysts

Shares of Old Republic International Co. (NYSE:ORI) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $25.00 for the company and are forecasting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Old Republic International an industry rank of 52 out of 265 based on the ratings given to its competitors.

A number of research analysts have issued reports on the company. JMP Securities upgraded Old Republic International from a “market perform” rating to an “outperform” rating in a research note on Monday. Zacks Investment Research lowered Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Raymond James Financial raised Old Republic International from an “outperform” rating to a “strong-buy” rating and lifted their target price for the stock from $23.00 to $25.00 in a report on Monday, October 30th.

In related news, CFO Karl W. Mueller sold 19,052 shares of Old Republic International 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 completion of the sale, the chief financial officer now owns 5,331 shares of the company’s stock, valued at $111,951. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Charles S. Boone sold 15,000 shares of Old Republic International stock in a transaction 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 sale, the vice president now directly owns 22,750 shares of the company’s stock, valued at approximately $476,840. The disclosure for this sale can be found here. Insiders sold 81,552 shares of company stock valued at $1,711,992 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. APG Asset Management N.V. grew its holdings in Old Republic International by 299.3% during the fourth quarter. APG Asset Management N.V. now owns 1,050,986 shares of the insurance provider’s stock valued at $18,713,000 after purchasing an additional 787,786 shares during the period. Assenagon Asset Management S.A. bought a new stake in Old Republic International during the fourth quarter valued at about $16,657,000. Koch Industries Inc. bought a new stake in Old Republic International during the second quarter valued at about $385,000. Janus Henderson Group PLC bought a new stake in Old Republic International during the second quarter valued at about $7,344,000. Finally, Capital Returns Management LLC grew its holdings in Old Republic International by 37.1% during 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 purchasing an additional 354,975 shares during the period. 71.13% of the stock is owned by institutional investors.

Shares of Old Republic International (NYSE:ORI) traded up $0.48 during trading hours on Monday, reaching $20.38. The company’s stock had a trading volume of 1,579,376 shares, compared to its average volume of 4,263,542. The stock has a market capitalization of $5,249.75, a PE ratio of 10.61 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 quick ratio of 0.51, a current ratio of 1.31 and a debt-to-equity ratio of 0.31.

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

The company also recently disclosed a None dividend, which was paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. Old Republic International’s payout ratio is currently 39.58%.

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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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