Old Republic International (NYSE:ORI) Rating Lowered to Hold at Wall Street Zen

Old Republic International (NYSE:ORI - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities research analysts have also issued reports on the stock. Raymond James Financial set a $42.00 price objective on shares of Old Republic International and gave the company an "outperform" rating in a report on Monday, April 28th. Piper Sandler set a $42.00 price objective on shares of Old Republic International in a report on Friday, April 25th.

Old Republic International Price Performance

ORI traded down $0.43 during trading on Friday, reaching $36.85. 1,348,682 shares of the company traded hands, compared to its average volume of 1,209,471. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.24 and a current ratio of 0.24. Old Republic International has a 12-month low of $29.83 and a 12-month high of $39.84. The firm has a fifty day simple moving average of $37.60 and a 200 day simple moving average of $37.02. The company has a market cap of $9.11 billion, a P/E ratio of 14.98 and a beta of 0.74.

Old Republic International (NYSE:ORI - Get Free Report) last announced its quarterly earnings data 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. Old Republic International had a net margin of 9.37% and a return on equity of 20.99%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.03 billion. Old Republic International's revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts forecast that Old Republic International will post 3.17 EPS for the current year.

Insider Activity

In other news, SVP Carolyn Monroe sold 10,601 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 35,755 shares in the company, valued at approximately $1,336,521.90. This represents a 22.87% decrease in their position. 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 Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. HWG Holdings LP bought a new stake in Old Republic International in the first quarter worth $25,000. Fairway Wealth LLC bought a new stake in Old Republic International in the fourth quarter worth $29,000. 1 North Wealth Services LLC bought a new stake in Old Republic International in the first quarter worth $29,000. Quarry LP lifted its position in Old Republic International by 6,645.5% in the first quarter. Quarry LP now owns 742 shares of the insurance provider's stock worth $29,000 after buying an additional 731 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in Old Republic International in the first quarter worth $31,000. 70.92% of the stock is currently owned by institutional investors.

Old Republic International Company Profile

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.