Old Republic International Corporation (ORI) Stock Rating Upgraded by BidaskClub

Old Republic International Corporation (NYSE:ORI) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.

Separately, Zacks Investment Research downgraded shares of Old Republic International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, March 30th.

Shares of Old Republic International Corporation (NYSE ORI) opened at 20.17 on Friday. The firm has a 50-day moving average of $19.89 and a 200-day moving average of $19.87. Old Republic International Corporation has a 12-month low of $16.51 and a 12-month high of $21.19. The firm has a market cap of $5.26 billion, a P/E ratio of 12.70 and a beta of 1.20.

Old Republic International Corporation (NYSE:ORI) last announced its quarterly earnings results on Thursday, April 27th. The insurance provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. Old Republic International Corporation had a net margin of 7.70% and a return on equity of 9.54%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Old Republic International Corporation will post $1.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, June 5th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Thursday, June 1st. Old Republic International Corporation’s dividend payout ratio (DPR) is presently 47.80%.

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In other Old Republic International Corporation news, Director Arnold L. Steiner sold 20,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $20.24, for a total value of $404,800.00. Following the sale, the director now owns 270,237 shares of the company’s stock, valued at $5,469,596.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven J. Bateman purchased 5,000 shares of Old Republic International Corporation stock in a transaction on Monday, May 15th. The stock was acquired at an average cost of $19.56 per share, for a total transaction of $97,800.00. Following the acquisition, the director now directly owns 15,000 shares of the company’s stock, valued at $293,400. The disclosure for this purchase can be found here. 2.30% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. Pegasus Partners Ltd. acquired a new stake in shares of Old Republic International Corporation during the fourth quarter valued at about $2,681,000. CIBC World Markets Inc. increased its stake in shares of Old Republic International Corporation by 11.1% in the first quarter. CIBC World Markets Inc. now owns 20,310 shares of the insurance provider’s stock valued at $416,000 after buying an additional 2,034 shares during the period. Norges Bank acquired a new stake in shares of Old Republic International Corporation during the fourth quarter valued at about $62,167,000. Aviva PLC increased its stake in shares of Old Republic International Corporation by 4.8% in the fourth quarter. Aviva PLC now owns 158,675 shares of the insurance provider’s stock valued at $3,016,000 after buying an additional 7,249 shares during the period. Finally, Raymond James Trust N.A. increased its stake in shares of Old Republic International Corporation by 29.9% in the first quarter. Raymond James Trust N.A. now owns 16,574 shares of the insurance provider’s stock valued at $339,000 after buying an additional 3,814 shares during the period. 72.20% of the stock is currently owned by institutional investors.

About Old Republic International Corporation

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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