Old Republic International (NYSE:ORI) Rating Increased to Strong-Buy at StockNews.com

Old Republic International (NYSE:ORI) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released 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 research note on Monday, October 21st.

Old Republic International Price Performance

ORI traded down $0.13 during trading on Friday, reaching $36.17. 1,560,574 shares of the stock were exchanged, compared to its average volume of 1,341,032. Old Republic International has a 1 year low of $27.19 and a 1 year high of $39.27. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 12.47 and a beta of 0.88. The business’s 50 day moving average price is $36.54 and its two-hundred day moving average price is $35.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating 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%. As a group, equities research analysts anticipate that Old Republic International will post 2.73 earnings per share for the current year.

Institutional Investors Weigh In On Old Republic International

A number of hedge funds and other institutional investors have recently modified their holdings of ORI. Dupree Financial Group LLC grew its position in shares of Old Republic International by 0.8% in the fourth quarter. Dupree Financial Group LLC now owns 208,384 shares of the insurance provider’s stock valued at $7,541,000 after purchasing an additional 1,679 shares during the period. Golden State Equity Partners grew its holdings in Old Republic International by 20.3% in the 4th quarter. Golden State Equity Partners now owns 18,271 shares of the insurance provider’s stock valued at $661,000 after buying an additional 3,086 shares during the period. Berry Wealth Group LP increased its stake in shares of Old Republic International by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock valued at $226,000 after acquiring an additional 310 shares during the last quarter. Everett Harris & Co. CA purchased a new position in shares of Old Republic International during the 4th quarter worth about $243,000. Finally, Saxony Capital Management LLC acquired a new stake in shares of Old Republic International in the fourth quarter worth approximately $205,000. 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.