StockNews.com Upgrades Old Republic International (NYSE:ORI) to “Strong-Buy”

Old Republic International (NYSE:ORI) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Separately, Piper Sandler increased their target price on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, October 21st.

Old Republic International Stock Performance

NYSE:ORI opened at $36.17 on Friday. The stock has a 50 day simple moving average of $36.54 and a 200 day simple moving average of $35.41. The stock has a market cap of $9.17 billion, a P/E ratio of 12.47 and a beta of 0.88. Old Republic International has a 1-year low of $27.19 and a 1-year high of $39.27. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.19. Old Republic International had a return on equity of 19.11% and a net margin of 11.48%. Research analysts anticipate that Old Republic International will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Atomi Financial Group Inc. boosted its stake in shares of Old Republic International by 4.1% in the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider’s stock valued at $279,000 after purchasing an additional 302 shares in the last quarter. Berry Wealth Group LP lifted its stake in Old Republic International by 5.2% in the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider’s stock valued at $226,000 after purchasing an additional 310 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Old Republic International by 0.4% in the third quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider’s stock valued at $2,965,000 after buying an additional 315 shares in the last quarter. UMB Bank n.a. boosted its position in Old Republic International by 2.4% in the fourth quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider’s stock valued at $624,000 after buying an additional 408 shares in the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of Old Republic International by 1.8% during the third quarter. Raymond James Trust N.A. now owns 24,816 shares of the insurance provider’s stock worth $879,000 after buying an additional 429 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

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.