Old Republic International (NYSE:ORI) Upgraded by Wall Street Zen to "Buy" Rating

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

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

Old Republic International Stock Performance

NYSE ORI traded up $0.31 on Friday, hitting $38.13. The stock had a trading volume of 2,506,029 shares, compared to its average volume of 1,209,558. The company's 50-day moving average is $37.62 and its two-hundred day moving average is $37.02. Old Republic International has a one year low of $29.83 and a one year high of $39.84. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 15.50 and a beta of 0.74. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.27.

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

Insider Activity

In other news, SVP Carolyn Monroe sold 10,601 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now owns 35,755 shares in the company, valued at approximately $1,336,521.90. This trade represents a 22.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

Institutional Trading of Old Republic International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its position in shares of Old Republic International by 243.1% during the 1st quarter. Voya Investment Management LLC now owns 451,280 shares of the insurance provider's stock valued at $17,699,000 after acquiring an additional 319,756 shares during the last quarter. Invst LLC acquired a new stake in shares of Old Republic International during the first quarter worth $681,000. Strs Ohio acquired a new stake in shares of Old Republic International during the first quarter worth $3,145,000. WBI Investments LLC lifted its holdings in shares of Old Republic International by 11.7% during the first quarter. WBI Investments LLC now owns 71,575 shares of the insurance provider's stock valued at $2,807,000 after purchasing an additional 7,511 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Old Republic International by 518.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 14,196 shares of the insurance provider's stock valued at $557,000 after purchasing an additional 11,899 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

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.

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