Old Republic International (ORI) Receives Average Recommendation of “Strong Buy” from Analysts

Old Republic International (NYSE:ORI) has been assigned an average 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.

Brokerages have set a 12-month consensus price target of $25.00 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned Old Republic International an industry rank of 183 out of 265 based on the ratings given to related companies.

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Several research firms have recently issued reports on ORI. Zacks Investment Research downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. ValuEngine upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, JMP Securities upgraded shares of Old Republic International from a “market perform” rating to an “outperform” rating in a report on Monday, February 12th.

Shares of ORI stock traded down $0.32 during mid-day trading on Monday, hitting $21.31. 1,654,659 shares of the stock traded hands, compared to its average volume of 2,139,324. The firm has a market cap of $5,825.99, a price-to-earnings ratio of 19.20 and a beta of 1.25. Old Republic International has a 52-week low of $17.92 and a 52-week high of $22.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49.

Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 25th. The insurance provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.64 billion. Old Republic International had a net margin of 8.95% and a return on equity of 6.80%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. equities analysts predict that Old Republic International will post 1.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.78 annualized dividend and a dividend yield of 3.66%. This is an increase from Old Republic International’s previous quarterly dividend of $0.19. Old Republic International’s dividend payout ratio is 70.27%.

In related news, Director Glenn W. Reed acquired 5,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were purchased at an average price of $20.43 per share, for a total transaction of $102,150.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of Old Republic International by 16.2% during the 4th quarter. Renaissance Technologies LLC now owns 9,023,085 shares of the insurance provider’s stock worth $192,914,000 after purchasing an additional 1,257,200 shares during the period. APG Asset Management N.V. grew its stake in shares of Old Republic International by 299.3% during the 4th quarter. APG Asset Management N.V. now owns 1,050,986 shares of the insurance provider’s stock worth $18,713,000 after purchasing an additional 787,786 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Old Republic International during the 4th quarter worth approximately $16,657,000. Capital Returns Management LLC grew its stake in shares of Old Republic International by 37.1% during the 3rd quarter. Capital Returns Management LLC now owns 1,311,393 shares of the insurance provider’s stock worth $25,821,000 after purchasing an additional 354,975 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in shares of Old Republic International during the 4th quarter worth approximately $7,292,000. Institutional investors own 73.45% of the company’s stock.

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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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