Old Republic International (NYSE:ORI) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Old Republic International (NYSE:ORI) from a buy rating to a hold rating in a report released on Saturday.

Several other analysts have also commented on the company. Piper Sandler set a $42.00 price objective on Old Republic International in a report on Friday, April 25th. Raymond James set a $42.00 price target on Old Republic International and gave the company an “outperform” rating in a report on Monday, April 28th.

Old Republic International Stock Performance

Shares of ORI opened at $37.25 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. Old Republic International has a one year low of $29.57 and a one year high of $39.84. The firm has a market capitalization of $9.21 billion, a P/E ratio of 14.16 and a beta of 0.74. The business has a fifty day moving average of $37.61 and a 200 day moving average of $37.02.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, April 24th. The insurance provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.03 billion. The business’s revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Old Republic International will post 3.17 EPS for the current year.

Old Republic International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, June 6th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.11%. The ex-dividend date was Friday, June 6th. Old Republic International’s dividend payout ratio is presently 47.15%.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 10,601 shares of the company’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $37.38, for a total value of $396,265.38. Following the completion of the transaction, the senior vice president now owns 35,755 shares of the company’s stock, valued at $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Old Republic International

Hedge funds have recently made changes to their positions in the business. HWG Holdings LP bought a new position in shares of Old Republic International in the first quarter worth about $25,000. Fairway Wealth LLC bought a new position in shares of Old Republic International in the fourth quarter worth about $29,000. 1 North Wealth Services LLC bought a new position in shares of Old Republic International in the first quarter worth about $29,000. Quarry LP boosted its stake in shares of Old Republic International by 6,645.5% in the first quarter. Quarry LP now owns 742 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 731 shares during the period. Finally, Alpine Bank Wealth Management bought a new position in shares of Old Republic International in the first quarter worth about $31,000. Institutional investors own 70.92% of the company’s stock.

About Old Republic International

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.