Old Republic International (NYSE:ORI) posted its quarterly earnings data on Thursday. The insurance provider reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05, MarketWatch Earnings reports. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Old Republic International had a net margin of 6.15% and a return on equity of 10.79%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share.
Old Republic International stock opened at $21.20 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 11.40 and a beta of 0.90. Old Republic International has a 1 year low of $19.52 and a 1 year high of $23.05.
Several research firms have issued reports on ORI. Zacks Investment Research upgraded shares of Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Thursday. TheStreet upgraded shares of Old Republic International from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th.
Institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its stake in Old Republic International by 155.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 71,836 shares of the insurance provider’s stock worth $1,503,000 after purchasing an additional 43,708 shares during the period. Camelot Portfolios LLC boosted its stake in Old Republic International by 33.6% in the 1st quarter. Camelot Portfolios LLC now owns 29,253 shares of the insurance provider’s stock worth $612,000 after purchasing an additional 7,349 shares during the period. Virginia Retirement Systems ET AL boosted its stake in Old Republic International by 12.9% in the 1st quarter. Virginia Retirement Systems ET AL now owns 81,500 shares of the insurance provider’s stock worth $1,705,000 after purchasing an additional 9,300 shares during the period. Creative Planning acquired a new position in Old Republic International in the 1st quarter worth approximately $269,000. Finally, First Quadrant L P CA boosted its stake in Old Republic International by 84.5% in the 1st quarter. First Quadrant L P CA now owns 57,116 shares of the insurance provider’s stock worth $1,195,000 after purchasing an additional 26,158 shares during the period. Hedge funds and other institutional investors own 73.82% of the company’s stock.
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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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