Old Republic International (NYSE:ORI) Cut to Hold at StockNews.com

Old Republic International (NYSE:ORI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Old Republic International Trading Up 1.3 %

Shares of Old Republic International stock traded up $0.49 on Tuesday, reaching $37.28. 985,168 shares of the company were exchanged, compared to its average volume of 1,101,605. Old Republic International has a fifty-two week low of $28.59 and a fifty-two week high of $39.27. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 14.17 and a beta of 0.88. The company has a current ratio of 0.62, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $35.97 and a 200-day moving average price of $35.97.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. On average, analysts expect that Old Republic International will post 3.17 EPS for the current year.

Insider Activity

In related news, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total transaction of $333,983.80. Following the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey Lange sold 1,098 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $36.56, for a total value of $40,142.88. Following the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at $1,267,864.24. The trade was a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Old Republic International

Several institutional investors and hedge funds have recently modified their holdings of ORI. Janus Henderson Group PLC boosted its position in Old Republic International by 5.9% during the third quarter. Janus Henderson Group PLC now owns 120,303 shares of the insurance provider’s stock valued at $4,262,000 after purchasing an additional 6,664 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock worth $279,000 after purchasing an additional 302 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Old Republic International by 37.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 71,716 shares of the insurance provider’s stock valued at $2,595,000 after buying an additional 19,400 shares during the last quarter. Orca Wealth Management LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $5,209,000. Finally, JPMorgan Chase & Co. increased its holdings in Old Republic International by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 851,492 shares of the insurance provider’s stock worth $30,160,000 after buying an additional 42,934 shares during the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.