Old Republic International (NYSE:ORI) Upgraded at StockNews.com

Old Republic International (NYSE:ORI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, Piper Sandler increased their target price on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st.

Old Republic International Stock Up 0.4 %

Shares of NYSE ORI opened at $30.13 on Friday. The firm has a market cap of $8.30 billion, a PE ratio of 11.72 and a beta of 0.81. Old Republic International has a 12-month low of $24.03 and a 12-month high of $31.22. The company’s fifty day simple moving average is $29.58 and its 200 day simple moving average is $28.91. The company has a quick ratio of 0.25, a current ratio of 1.28 and a debt-to-equity ratio of 0.31.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.03). The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.95 billion. Old Republic International had a return on equity of 12.15% and a net margin of 9.52%. As a group, sell-side analysts forecast that Old Republic International will post 2.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, SVP Carolyn Monroe sold 6,528 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $27.71, for a total value of $180,890.88. Following the transaction, the senior vice president now directly owns 35,340 shares of the company’s stock, valued at $979,271.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Old Republic International news, Director Barbara Adachi acquired 1,925 shares of the company’s stock in a transaction on Friday, February 16th. The shares were purchased at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the purchase, the director now owns 7,845 shares of the company’s stock, valued at $224,367. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Carolyn Monroe sold 6,528 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $27.71, for a total transaction of $180,890.88. Following the completion of the transaction, the senior vice president now directly owns 35,340 shares in the company, valued at $979,271.40. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ORI. Allworth Financial LP lifted its stake in shares of Old Republic International by 1,069.4% in the third quarter. Allworth Financial LP now owns 994 shares of the insurance provider’s stock valued at $27,000 after buying an additional 909 shares in the last quarter. BKM Wealth Management LLC bought a new position in shares of Old Republic International during the fourth quarter valued at about $29,000. Naples Money Management LLC bought a new position in shares of Old Republic International during the fourth quarter valued at about $34,000. GAMMA Investing LLC bought a new position in shares of Old Republic International during the fourth quarter valued at about $34,000. Finally, Blue Trust Inc. lifted its position in shares of Old Republic International by 62.7% during the fourth quarter. Blue Trust Inc. now owns 1,365 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 526 shares in the last quarter. 70.92% of the stock is owned by 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.