Old Republic International Corporation (NYSE:ORI) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation. Old Republic International’s rating score has improved by 50% in the last 90 days as a result of various analysts’ ratings changes.
Brokers have set a 1 year consensus target price of $25.00 for the company and are anticipating that the company will post $0.38 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Old Republic International an industry rank of 203 out of 265 based on the ratings given to related companies.
Several research analysts have recently weighed in on ORI shares. Zacks Investment Research cut shares of Old Republic International from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $23.00 to $25.00 in a research report on Monday, October 30th.
Several institutional investors and hedge funds have recently modified their holdings of ORI. Knightsbridge Asset Management LLC raised its stake in shares of Old Republic International by 1.2% in the 3rd quarter. Knightsbridge Asset Management LLC now owns 401,187 shares of the insurance provider’s stock worth $7,899,000 after buying an additional 4,853 shares in the last quarter. Susquehanna International Group LLP raised its stake in shares of Old Republic International by 84.5% in the 3rd quarter. Susquehanna International Group LLP now owns 26,935 shares of the insurance provider’s stock worth $530,000 after buying an additional 12,335 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Old Republic International by 91.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 207,837 shares of the insurance provider’s stock worth $4,092,000 after buying an additional 99,292 shares in the last quarter. Moors & Cabot Inc. bought a new stake in shares of Old Republic International in the 3rd quarter worth $206,000. Finally, California Public Employees Retirement System raised its stake in shares of Old Republic International by 4.3% in the 3rd quarter. California Public Employees Retirement System now owns 614,969 shares of the insurance provider’s stock worth $12,109,000 after buying an additional 25,486 shares in the last quarter. Institutional investors own 70.67% of the company’s stock.
Old Republic International (NYSE:ORI) opened at $20.70 on Thursday. Old Republic International has a 52-week low of $17.92 and a 52-week high of $21.19. The firm has a market cap of $5,460.00, a P/E ratio of 17.02 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 0.51.
Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, October 26th. The insurance provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Old Republic International had a net margin of 6.45% and a return on equity of 7.50%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. sell-side analysts anticipate that Old Republic International will post 1.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Monday, December 4th. Old Republic International’s dividend payout ratio is currently 56.30%.
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About Old Republic International
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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