Analysts Set $25.00 Target Price for Old Republic International Co. (ORI)

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Shares of Old Republic International Co. (NYSE:ORI) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price target of $25.00 for the company and are anticipating that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Old Republic International an industry rank of 178 out of 255 based on the ratings given to its competitors.

A number of research analysts have weighed in on ORI shares. TheStreet lowered shares of Old Republic International from a “b” rating to a “c+” rating in a research note on Thursday, January 24th. Zacks Investment Research lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Wednesday, December 26th.

NYSE:ORI traded up $0.12 on Friday, hitting $20.89. The company had a trading volume of 1,153,426 shares, compared to its average volume of 1,685,178. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 11.23 and a beta of 0.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.46 and a quick ratio of 1.25. Old Republic International has a 52 week low of $19.52 and a 52 week high of $23.05.

Old Republic International (NYSE:ORI) last announced its quarterly earnings results on Thursday, January 24th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. Old Republic International had a net margin of 6.15% and a return on equity of 10.79%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue was up 1.1% on a year-over-year basis. As a group, analysts expect that Old Republic International will post 1.85 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, March 5th will be given a dividend of $0.20 per share. This is a positive change from Old Republic International’s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Monday, March 4th. Old Republic International’s dividend payout ratio (DPR) is presently 43.01%.

In other news, CEO Aldo C. Zucaro purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The shares were bought at an average cost of $19.87 per share, with a total value of $99,350.00. Following the completion of the transaction, the chief executive officer now directly owns 1,260,080 shares of the company’s stock, valued at $25,037,789.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 5,600 shares of company stock worth $111,870 over the last three months. 1.90% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC bought a new stake in Old Republic International in the fourth quarter worth about $29,000. Clarfeld Financial Advisors LLC bought a new stake in Old Republic International in the fourth quarter worth about $33,000. Pearl River Capital LLC purchased a new position in shares of Old Republic International in the fourth quarter worth about $33,000. Omnia Family Wealth LLC purchased a new position in shares of Old Republic International in the fourth quarter worth about $34,000. Finally, Westside Investment Management Inc. increased its stake in shares of Old Republic International by 500.0% in the fourth quarter. Westside Investment Management Inc. now owns 2,400 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 2,000 shares in the last quarter. 73.08% of the stock is currently owned by institutional investors and hedge funds.

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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