Zacks: Old Republic International (ORI) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Old Republic International (NYSE:ORI) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Analysts have set a one year consensus price objective of $25.00 for the company and are expecting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Old Republic International an industry rank of 103 out of 265 based on the ratings given to its competitors.

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ORI has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Thursday, December 28th. ValuEngine raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, JMP Securities raised shares of Old Republic International from a “market perform” rating to an “outperform” rating in a research note on Monday, February 12th.

In related news, Director Glenn W. Reed purchased 5,000 shares of Old Republic International stock in a transaction dated Thursday, February 15th. The stock was bought at an average price of $20.43 per share, for a total transaction of $102,150.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ORI. Valeo Financial Advisors LLC acquired a new position in Old Republic International during the third quarter worth $118,000. Bessemer Group Inc. acquired a new position in Old Republic International during the fourth quarter worth $145,000. DekaBank Deutsche Girozentrale boosted its holdings in Old Republic International by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 7,999 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 3,513 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in Old Republic International during the fourth quarter worth $206,000. Finally, Oakbrook Investments LLC acquired a new position in Old Republic International during the fourth quarter worth $219,000. Institutional investors own 73.44% of the company’s stock.

ORI stock traded up $0.02 on Friday, hitting $21.19. 161,919 shares of the company were exchanged, compared to its average volume of 3,681,718. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $5,799.05, a P/E ratio of 11.03 and a beta of 1.36. Old Republic International has a twelve month low of $17.92 and a twelve month high of $22.34.

Old Republic International (NYSE:ORI) last posted its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.33 earnings per share for the quarter, topping the Zacks’ 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 net margin of 8.95% and a return on equity of 6.80%. Old Republic International’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. equities analysts anticipate that Old Republic International will post 1.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Friday, March 2nd. This is a boost from Old Republic International’s previous quarterly dividend of $0.19. Old Republic International’s dividend payout ratio is 40.63%.

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

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