Old Republic International (NYSE:ORI) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Old Republic International (NYSE:ORI) from a buy rating to a hold rating in a report issued on Saturday morning.

Other analysts have also issued research reports about the company. Piper Sandler set a $42.00 target price on Old Republic International in a research report on Friday, April 25th. Raymond James Financial set a $42.00 target price on Old Republic International and gave the company an “outperform” rating in a research report on Monday, April 28th.

Old Republic International Stock Down 0.1%

Shares of NYSE ORI opened at $36.60 on Friday. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 14.88 and a beta of 0.73. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.27. Old Republic International has a 52-week low of $31.36 and a 52-week high of $39.84. The business’s 50 day moving average is $37.66 and its two-hundred day moving average is $37.13.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.08. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.03 billion. Old Republic International had a return on equity of 20.99% and a net margin of 9.37%. The company’s revenue was up 11.4% on a year-over-year basis. Research analysts predict that Old Republic International will post 3.17 EPS for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, June 6th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Friday, June 6th. Old Republic International’s dividend payout ratio is currently 47.15%.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 10,601 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $37.38, for a total transaction of $396,265.38. Following the sale, the senior vice president owned 35,755 shares of the company’s stock, valued at approximately $1,336,521.90. This represents a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Old Republic International

Large investors have recently modified their holdings of the stock. Martingale Asset Management L P grew its stake in shares of Old Republic International by 3.4% during the first quarter. Martingale Asset Management L P now owns 8,241 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 269 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Old Republic International by 1.6% during the fourth quarter. Parallel Advisors LLC now owns 18,884 shares of the insurance provider’s stock worth $683,000 after purchasing an additional 290 shares in the last quarter. Ironwood Investment Management LLC grew its stake in shares of Old Republic International by 1.3% during the fourth quarter. Ironwood Investment Management LLC now owns 23,485 shares of the insurance provider’s stock worth $850,000 after purchasing an additional 301 shares in the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Old Republic International by 3.6% during the first quarter. Atria Wealth Solutions Inc. now owns 9,047 shares of the insurance provider’s stock worth $355,000 after purchasing an additional 314 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Old Republic International by 1.8% during the first quarter. Venturi Wealth Management LLC now owns 19,055 shares of the insurance provider’s stock worth $747,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.

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.