Old Republic International (NYSE:ORI) Rating Increased to Buy at StockNews.com

Old Republic International (NYSE:ORI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, Piper Sandler upped their price target on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st.

Old Republic International Stock Up 0.4 %

Shares of NYSE ORI traded up $0.11 during mid-day trading on Friday, reaching $30.13. The company had a trading volume of 2,513,915 shares, compared to its average volume of 1,740,513. Old Republic International has a twelve month low of $24.03 and a twelve month high of $31.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $8.30 billion, a PE ratio of 14.35 and a beta of 0.81. The stock’s 50 day moving average is $29.58 and its 200-day moving average is $28.90.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). Old Republic International had a return on equity of 12.10% and a net margin of 8.25%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.95 billion. As a group, equities analysts anticipate that Old Republic International will post 2.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was purchased at an average cost of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the acquisition, the director now owns 7,845 shares of the company’s stock, valued at approximately $224,367. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Carolyn Monroe sold 6,528 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the sale, the senior vice president now directly owns 35,340 shares in the company, valued at $979,271.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara Adachi purchased 1,925 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were purchased at an average price of $28.60 per share, with a total value of $55,055.00. Following the completion of the acquisition, the director now directly owns 7,845 shares of the company’s stock, valued at $224,367. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Old Republic International

A number of hedge funds have recently bought and sold shares of ORI. Norges Bank bought a new stake in Old Republic International during the fourth quarter valued at about $89,446,000. UBS Group AG boosted its holdings in Old Republic International by 1,208.9% during the third quarter. UBS Group AG now owns 1,511,315 shares of the insurance provider’s stock valued at $40,715,000 after acquiring an additional 1,395,849 shares during the period. California Public Employees Retirement System boosted its holdings in Old Republic International by 174.1% during the fourth quarter. California Public Employees Retirement System now owns 1,380,617 shares of the insurance provider’s stock valued at $40,590,000 after acquiring an additional 876,872 shares during the period. Invesco Ltd. boosted its holdings in Old Republic International by 55.2% during the third quarter. Invesco Ltd. now owns 2,263,038 shares of the insurance provider’s stock valued at $60,966,000 after acquiring an additional 804,803 shares during the period. Finally, Boston Financial Mangement LLC boosted its holdings in Old Republic International by 701.3% during the third quarter. Boston Financial Mangement LLC now owns 777,128 shares of the insurance provider’s stock valued at $20,936,000 after acquiring an additional 680,146 shares during the period. 70.92% of the stock is currently owned by institutional investors.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.