Old Republic International (NYSE:ORI) Upgraded by StockNews.com to “Strong-Buy” Rating

Old Republic International (NYSE:ORIGet Free Report) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Separately, Piper Sandler upped their target price on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, October 21st.

Check Out Our Latest Stock Analysis on Old Republic International

Old Republic International Stock Down 0.3 %

NYSE:ORI opened at $36.17 on Friday. Old Republic International has a one year low of $27.19 and a one year high of $39.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $9.17 billion, a PE ratio of 12.47 and a beta of 0.88. The firm’s 50 day simple moving average is $36.54 and its 200 day simple moving average is $35.41.

Old Republic International (NYSE:ORIGet Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 11.48% and a return on equity of 19.11%. On average, research analysts anticipate that Old Republic International will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ORI. Allworth Financial LP lifted its position in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 450 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Old Republic International during the third quarter valued at about $28,000. V Square Quantitative Management LLC acquired a new position in shares of Old Republic International during the third quarter valued at about $31,000. Synergy Asset Management LLC bought a new position in shares of Old Republic International during the 4th quarter worth about $39,000. Finally, Crews Bank & Trust acquired a new stake in shares of Old Republic International in the 4th quarter valued at about $40,000. 70.92% of the stock is owned by institutional investors.

Old Republic International Company Profile

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Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.

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