Old Republic International (NYSE:ORI) Stock Rating Upgraded by StockNews.com

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

Separately, Piper Sandler upped 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 Performance

Shares of ORI opened at $36.17 on Friday. Old Republic International has a one year low of $27.19 and a one year high of $39.27. The company has a 50-day moving average of $36.54 and a two-hundred day moving average of $35.37. 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 stock has a market cap of $9.17 billion, a price-to-earnings ratio of 12.47 and a beta of 0.88.

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, 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%. On average, equities research analysts expect that Old Republic International will post 2.73 earnings per share for the current year.

Old Republic International Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a $2.00 dividend. The ex-dividend date was Friday, January 3rd. Old Republic International’s dividend payout ratio is presently 36.55%.

Institutional Investors Weigh In On Old Republic International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ORI. Allworth Financial LP increased its stake in shares of Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Old Republic International in the 3rd quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in Old Republic International in the third quarter worth approximately $31,000. Synergy Asset Management LLC acquired a new position in Old Republic International in the fourth quarter worth approximately $39,000. Finally, Crews Bank & Trust bought a new position in Old Republic International during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors 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.