Old Republic International (NYSE:ORI) Shares Gap Down Following Weak Earnings

Old Republic International Corporation (NYSE:ORI) gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $43.12, but opened at $37.87. Old Republic International shares last traded at $38.6980, with a volume of 1,548,462 shares trading hands.

The insurance provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a return on equity of 17.11% and a net margin of 9.53%.The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the company earned $0.90 earnings per share.

Old Republic International Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, January 2nd were issued a $2.50 dividend. The ex-dividend date was Friday, January 2nd. Old Republic International’s dividend payout ratio (DPR) is presently 38.80%.

Key Old Republic International News

Here are the key news stories impacting Old Republic International this week:

• Positive Sentiment: Strong top-line and reported net income gain — Old Republic reported higher revenue ($2.39B) and net income rose to $206.3M versus $105.1M a year ago, showing underlying business scale and title segment momentum. OLD REPUBLIC REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2025
• Positive Sentiment: Title insurance and conservative investment positioning remain strengths — commentary on the call and analyst notes point to commercial title momentum and an investment portfolio that is yield-accretive and conservative, which should support earnings over time. Old Republic: Q4 Underwriting Results Add To Margin Fears
• Neutral Sentiment: Full earnings materials and call transcript are available for detailed review — the company posted its press release, slide deck and the earnings call transcript for investors to assess reserve development and segment-level detail. Reviewing the slides/transcript is key to evaluating whether underwriting trends are temporary. Earnings Call Transcript
• Negative Sentiment: EPS miss and weaker operating earnings — Q4 EPS came in at $0.74 vs. the ~$0.89 consensus, and net operating income was down year-over-year, which disappointed investors despite revenue growth. Old Republic Q4 Earnings Lag Estimates
• Negative Sentiment: Underwriting pressure and high combined ratio — the company reported a roughly 96% combined ratio for Q4 driven by reserve additions in trucking and other underwriting areas; analysts warn this raises margin risk heading into 2026. Q4 Underwriting Results Add To Margin Fears
• Negative Sentiment: Analyst cut and price-target reset — Piper Sandler moved to a “neutral” rating and cut its price target sharply (from $51 to $38), increasing near-term downside risk and likely contributing to selling pressure. Piper Sandler Downgrade

Analyst Ratings Changes

Several equities analysts recently weighed in on ORI shares. Weiss Ratings reissued a “buy (a)” rating on shares of Old Republic International in a research note on Wednesday, December 24th. Piper Sandler reissued a “neutral” rating and issued a $38.00 price objective (down previously from $51.00) on shares of Old Republic International in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Old Republic International presently has an average rating of “Buy” and a consensus price target of $42.50.

Insider Activity

In other Old Republic International news, SVP Carolyn Monroe sold 6,680 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $44.54, for a total transaction of $297,527.20. Following the transaction, the senior vice president owned 29,075 shares in the company, valued at $1,295,000.50. This represents a 18.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Therace Risch purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average price of $39.14 per share, with a total value of $39,140.00. Following the completion of the purchase, the director owned 10,625 shares of the company’s stock, valued at $415,862.50. This trade represents a 10.39% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Old Republic International

Hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Old Republic International by 30.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,157 shares of the insurance provider’s stock worth $477,000 after buying an additional 2,867 shares in the last quarter. NewEdge Advisors LLC increased its stake in Old Republic International by 121.9% in the first quarter. NewEdge Advisors LLC now owns 24,069 shares of the insurance provider’s stock valued at $944,000 after acquiring an additional 13,224 shares during the last quarter. Jones Financial Companies Lllp raised its position in Old Republic International by 122.1% during the first quarter. Jones Financial Companies Lllp now owns 4,534 shares of the insurance provider’s stock valued at $178,000 after purchasing an additional 2,493 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Old Republic International by 10.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,593,065 shares of the insurance provider’s stock worth $62,480,000 after purchasing an additional 148,891 shares during the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in shares of Old Republic International by 31.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,414 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 2,028 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Stock Performance

The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The company has a market cap of $9.67 billion, a P/E ratio of 13.07 and a beta of 0.76. The company has a 50 day moving average price of $44.48 and a 200-day moving average price of $41.33.

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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.