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

StockNews.com downgraded shares of Old Republic International (NYSE:ORIGet Rating) from a buy rating to a hold rating in a report released on Friday morning.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Old Republic International from a buy rating to a hold rating in a research note on Tuesday, April 5th. Raymond James downgraded shares of Old Republic International from a strong-buy rating to an outperform rating and cut their price target for the company from $30.00 to $28.00 in a report on Friday.

Shares of NYSE:ORI opened at $22.01 on Friday. The firm has a fifty day moving average of $25.23 and a two-hundred day moving average of $25.22. The firm has a market capitalization of $6.78 billion, a P/E ratio of 5.00 and a beta of 0.79. Old Republic International has a 12-month low of $21.94 and a 12-month high of $27.19. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.23.

Old Republic International (NYSE:ORIGet Rating) last issued its earnings results on Thursday, April 28th. The insurance provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). Old Republic International had a net margin of 16.42% and a return on equity of 14.17%. During the same quarter last year, the business posted $0.69 EPS. Equities research analysts expect that Old Republic International will post 2.8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, March 7th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.18%. This is an increase from Old Republic International’s previous quarterly dividend of $0.22. Old Republic International’s dividend payout ratio (DPR) is currently 20.91%.

In other Old Republic International news, Director Barbara Adachi purchased 2,300 shares of the business’s stock in a transaction dated Friday, March 18th. The shares were acquired at an average price of $25.84 per share, for a total transaction of $59,432.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought a total of 2,890 shares of company stock worth $74,719 in the last 90 days. 1.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ORI. OLD Mission Capital LLC bought a new position in Old Republic International in the 3rd quarter worth $513,000. Morgan Stanley increased its holdings in shares of Old Republic International by 23.9% during the 2nd quarter. Morgan Stanley now owns 1,378,275 shares of the insurance provider’s stock worth $34,333,000 after purchasing an additional 265,807 shares during the period. SG Americas Securities LLC increased its holdings in shares of Old Republic International by 18.6% during the 3rd quarter. SG Americas Securities LLC now owns 96,981 shares of the insurance provider’s stock worth $2,243,000 after purchasing an additional 15,193 shares during the period. Brookstone Capital Management bought a new position in shares of Old Republic International during the 3rd quarter worth about $231,000. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Old Republic International by 3.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 100,815 shares of the insurance provider’s stock worth $2,332,000 after purchasing an additional 3,399 shares during the period. Hedge funds and other institutional investors own 71.67% of the company’s stock.

About Old Republic International (Get Rating)

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

Featured Stories

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.