Old Republic International (NYSE:ORI) Upgraded by Zacks Research to “Hold” Rating

Old Republic International (NYSE:ORI) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

ORI has been the subject of several other reports. Weiss Ratings raised Old Republic International from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, March 13th. Piper Sandler reissued a “neutral” rating and set a $38.00 target price (down from $51.00) on shares of Old Republic International in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $42.50.

Old Republic International Price Performance

Old Republic International stock opened at $39.17 on Monday. The stock has a market cap of $9.62 billion, a P/E ratio of 11.55 and a beta of 0.73. The company has a fifty day simple moving average of $41.06 and a 200-day simple moving average of $42.27. Old Republic International has a 12-month low of $34.43 and a 12-month high of $46.76. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same quarter last year, the company posted $0.90 EPS. Equities analysts expect that Old Republic International will post 3.17 EPS for the current fiscal year.

Insider Buying and Selling at Old Republic International

In other news, Director John Eric Smith acquired 1,135 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $43.10 per share, with a total value of $48,918.50. Following the completion of the acquisition, the director owned 4,276 shares in the company, valued at $184,295.60. This trade represents a 36.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carolyn Monroe sold 5,526 shares of Old Republic International stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $39.28, for a total value of $217,061.28. Following the sale, the senior vice president owned 27,875 shares in the company, valued at $1,094,930. This trade represents a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ORI. Forty three Eighteen Advisors LLC purchased a new position in shares of Old Republic International during the fourth quarter worth approximately $2,126,000. Rockefeller Capital Management L.P. grew its position in Old Republic International by 2.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 14,388 shares of the insurance provider’s stock worth $657,000 after purchasing an additional 323 shares during the last quarter. World Investment Advisors grew its position in Old Republic International by 42.9% during the 4th quarter. World Investment Advisors now owns 13,194 shares of the insurance provider’s stock worth $602,000 after purchasing an additional 3,963 shares during the last quarter. Nalls Sherbakoff Group LLC acquired a new position in Old Republic International in the fourth quarter valued at $92,000. Finally, Corient Private Wealth LLC raised its holdings in shares of Old Republic International by 19.1% in the fourth quarter. Corient Private Wealth LLC now owns 101,632 shares of the insurance provider’s stock valued at $4,640,000 after buying an additional 16,319 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. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.