Old Republic International (NYSE:ORI) released its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.12, MarketWatch Earnings reports. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Old Republic International had a return on equity of 10.18% and a net margin of 12.01%.
ORI traded down $0.23 during trading hours on Friday, hitting $22.27. 1,424,715 shares of the stock were exchanged, compared to its average volume of 1,666,587. Old Republic International has a 12 month low of $19.48 and a 12 month high of $23.05. The stock has a market capitalization of $6.86 billion, a PE ratio of 20.06 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.49 and a quick ratio of 0.49.
Separately, Zacks Investment Research upgraded Old Republic International from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Thursday, November 1st.
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. The company operates through three segments: General Insurance Group, Title Insurance Group, and the Republic Financial Indemnity Group Run-off Business.
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