Old Republic International (NYSE:ORI) Downgraded to "Hold" Rating by Wall Street Zen

Wall Street Zen lowered shares of Old Republic International (NYSE:ORI - Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other brokerages have also issued reports on ORI. Piper Sandler set a $42.00 target price on Old Republic International in a research report on Friday, April 25th. Raymond James Financial set a $42.00 price target on shares of Old Republic International and gave the company an "outperform" rating in a research note on Monday, April 28th.

Old Republic International Trading Down 0.1%

Shares of NYSE:ORI traded down $0.03 during trading hours on Friday, hitting $36.60. 1,625,460 shares of the company's stock traded hands, compared to its average volume of 1,217,302. Old Republic International has a 1 year low of $31.17 and a 1 year high of $39.84. The business has a fifty day moving average price of $37.66 and a 200-day moving average price of $37.12. The firm has a market capitalization of $9.05 billion, a P/E ratio of 14.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.24 and a quick ratio of 0.24.

Old Republic International (NYSE:ORI - Get Free Report) last announced its earnings results on Thursday, April 24th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.08. Old Republic International had a return on equity of 20.99% and a net margin of 9.37%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.03 billion. The business's revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts expect that Old Republic International will post 3.17 earnings per share for the current year.

Old Republic International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, June 6th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Friday, June 6th. Old Republic International's dividend payout ratio is presently 47.15%.

Insider Buying and Selling at Old Republic International

In other news, SVP Carolyn Monroe sold 10,601 shares of Old Republic International stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $37.38, for a total transaction of $396,265.38. Following the completion of the sale, the senior vice president owned 35,755 shares of the company's stock, valued at approximately $1,336,521.90. The trade was a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Institutional Trading of Old Republic International

Institutional investors and hedge funds have recently modified their holdings of the stock. HWG Holdings LP bought a new position in Old Republic International in the first quarter worth approximately $25,000. 1 North Wealth Services LLC bought a new position in Old Republic International in the first quarter worth approximately $29,000. Quarry LP raised its stake 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 in the last quarter. Alpine Bank Wealth Management bought a new position in Old Republic International in the first quarter worth approximately $31,000. Finally, N.E.W. Advisory Services LLC bought a new position in Old Republic International in the first quarter worth approximately $35,000. Institutional investors own 70.92% of the company's stock.

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.