StockNews.com Downgrades Old Republic International (NYSE:ORI) to Buy

Old Republic International (NYSE:ORI) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

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

Old Republic International Stock Down 0.8 %

Old Republic International stock opened at $36.58 on Friday. The stock has a market cap of $9.28 billion, a PE ratio of 13.91 and a beta of 0.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The stock’s fifty day moving average is $36.43 and its two-hundred day moving average is $35.58. Old Republic International has a 1-year low of $27.19 and a 1-year high of $39.27.

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 the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. On average, sell-side analysts expect that Old Republic International will post 3.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Old Republic International

A number of institutional investors and hedge funds have recently modified their holdings of ORI. Hamlin Capital Management LLC grew its holdings in Old Republic International by 8.0% in the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock valued at $181,850,000 after purchasing an additional 379,474 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Old Republic International by 162.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 610,150 shares of the insurance provider’s stock valued at $21,612,000 after acquiring an additional 377,605 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Old Republic International during the 3rd quarter valued at about $7,965,000. Orca Wealth Management LLC purchased a new stake in shares of Old Republic International in the fourth quarter valued at about $5,209,000. Finally, Franklin Resources Inc. grew its position in shares of Old Republic International by 39.6% in the third quarter. Franklin Resources Inc. now owns 454,792 shares of the insurance provider’s stock valued at $16,209,000 after purchasing an additional 128,896 shares during the last quarter. 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.