Old Republic International (NYSE:ORI) Upgraded by StockNews.com to Strong-Buy Rating

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

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

Old Republic International Stock Performance

Shares of Old Republic International stock traded down $0.13 on Friday, hitting $36.17. The stock had a trading volume of 1,560,574 shares, compared to its average volume of 1,341,032. The company’s 50 day moving average price is $36.54 and its 200 day moving average price is $35.37. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 12.47 and a beta of 0.88. 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 has a 52-week low of $27.19 and a 52-week high of $39.27.

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

Institutional Trading of Old Republic International

Several hedge funds have recently made changes to their positions in ORI. Hamlin Capital Management LLC raised its holdings in Old Republic International by 8.0% during the third quarter. Hamlin Capital Management LLC now owns 5,134,096 shares of the insurance provider’s stock worth $181,850,000 after purchasing an additional 379,474 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of 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 buying an additional 377,605 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in shares of Old Republic International in the 2nd quarter valued at approximately $10,641,000. Edgestream Partners L.P. purchased a new stake in shares of Old Republic International in the third quarter valued at approximately $7,965,000. Finally, Orca Wealth Management LLC acquired a new position in Old Republic International during the fourth quarter worth $5,209,000. 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.