Old Republic International (NYSE:ORI – Get 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 %
Old Republic International (NYSE:ORI – Get 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
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.
See Also
- Five stocks we like better than Old Republic International
- What Are Dividend Contenders? Investing in Dividend Contenders
- Bloom Energy: Powering the Future With Decentralized Energy
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- 3 Warren Buffett Stocks to Buy Now
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.