Old Republic International (NYSE:ORI) Upgraded at StockNews.com

StockNews.com upgraded shares of Old Republic International (NYSE:ORI) from a buy rating to a strong-buy rating in a report released on Friday morning.

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

Old Republic International Stock Down 0.3 %

Old Republic International stock opened at $36.17 on Friday. Old Republic International has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 12.47 and a beta of 0.88. The company’s 50 day simple moving average is $36.54 and its 200 day simple moving average is $35.45.

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

Old Republic International Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s dividend payout ratio (DPR) is presently 36.55%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ORI. Renaissance Technologies LLC lifted its holdings in shares of Old Republic International by 725.3% during the second quarter. Renaissance Technologies LLC now owns 84,185 shares of the insurance provider’s stock worth $2,601,000 after buying an additional 73,985 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Old Republic International during the 2nd quarter valued at approximately $282,000. Pacer Advisors Inc. grew its stake in shares of Old Republic International by 29.3% during the second quarter. Pacer Advisors Inc. now owns 50,962 shares of the insurance provider’s stock worth $1,575,000 after buying an additional 11,561 shares during the last quarter. Sei Investments Co. increased its holdings in Old Republic International by 14.2% in the 2nd quarter. Sei Investments Co. now owns 83,761 shares of the insurance provider’s stock worth $2,588,000 after purchasing an additional 10,427 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its position in Old Republic International by 20.0% in the second quarter. Ensign Peak Advisors Inc now owns 108,505 shares of the insurance provider’s stock valued at $3,353,000 after purchasing an additional 18,070 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

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.