Old Republic International's (ORI) Buy (A-) Rating Reaffirmed at Weiss Ratings

Key Points

• Old Republic International's stock received a "buy (A-)" rating reaffirmed by Weiss Ratings, indicating confidence in the company’s performance.
• Analysts have varying opinions on the stock, with Raymond James upgrading it to a "strong-buy" and raising the price target to $47.00, while Wall Street Zen downgraded it from "buy" to "hold."
• Old Republic reported an EPS of $0.83 for the last quarter, exceeding estimates, and saw a 10.1% increase in revenue year-over-year.

Old Republic International (NYSE:ORI - Get Free Report)'s stock had its "buy (a-)" rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued reports about the company. Wall Street Zen cut Old Republic International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Raymond James Financial upgraded Old Republic International from an "outperform" rating to a "strong-buy" rating and boosted their price objective for the company from $43.00 to $47.00 in a research report on Monday, September 22nd. Finally, Piper Sandler boosted their price target on Old Republic International from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, Old Republic International presently has an average rating of "Strong Buy" and an average target price of $47.00.

Old Republic International Trading Down 0.1%

Old Republic International stock opened at $43.25 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.26. Old Republic International has a 52 week low of $33.00 and a 52 week high of $44.00. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 14.82 and a beta of 0.76. The stock has a 50-day moving average price of $39.88 and a 200 day moving average price of $38.33.

Old Republic International (NYSE:ORI - Get Free Report) last released its earnings results on Thursday, July 24th. The insurance provider reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. Old Republic International had a return on equity of 20.95% and a net margin of 10.31%.The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Old Republic International will post 3.17 EPS for the current year.

Insider Activity at Old Republic International

In other Old Republic International news, EVP Stephen J. Oberst sold 4,797 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $39.29, for a total value of $188,474.13. Following the sale, the executive vice president owned 54,661 shares of the company's stock, valued at $2,147,630.69. This trade represents a 8.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Therace Risch purchased 1,500 shares of Old Republic International stock in a transaction on Tuesday, September 2nd. The stock was bought at an average cost of $39.90 per share, for a total transaction of $59,850.00. Following the transaction, the director directly owned 9,625 shares in the company, valued at $384,037.50. This represents a 18.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Old Republic International

Hedge funds and other institutional investors have recently made changes to their positions in the business. HWG Holdings LP acquired a new stake in shares of Old Republic International during the 1st quarter worth about $25,000. 1 North Wealth Services LLC acquired a new position in Old Republic International during the first quarter worth approximately $29,000. Quarry LP increased its position in Old Republic International by 6,645.5% during 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 period. Alpine Bank Wealth Management acquired a new position in Old Republic International during the first quarter worth approximately $31,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Old Republic International during the first quarter worth approximately $35,000. Institutional investors and hedge funds 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.

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