Shares of Old Republic International Co. (NYSE:ORI) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $25.00 for the company and are anticipating that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also given Old Republic International an industry rank of 199 out of 255 based on the ratings given to its competitors.
ORI has been the subject of a number of research reports. TheStreet cut Old Republic International from a “b” rating to a “c+” rating in a research note on Thursday, January 24th. Zacks Investment Research lowered Old Republic International from a “buy” rating to a “hold” rating in a report on Wednesday, December 26th.
Old Republic International (NYSE:ORI) last announced its quarterly earnings data on Thursday, January 24th. The insurance provider reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.57 billion. Old Republic International had a return on equity of 10.79% and a net margin of 6.15%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. As a group, equities analysts forecast that Old Republic International will post 1.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.80%. This is an increase from Old Republic International’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, March 4th. Old Republic International’s payout ratio is 43.01%.
In other news, CEO Aldo C. Zucaro bought 5,000 shares of Old Republic International stock in a transaction dated Monday, January 28th. The stock was acquired at an average cost of $19.87 per share, with a total value of $99,350.00. Following the acquisition, the chief executive officer now owns 1,260,080 shares of the company’s stock, valued at $25,037,789.60. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have acquired a total of 5,600 shares of company stock valued at $111,828 over the last ninety days. 1.90% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new position in Old Republic International in the 4th quarter valued at about $29,000. Clarfeld Financial Advisors LLC acquired a new position in Old Republic International during the 4th quarter worth approximately $33,000. Pearl River Capital LLC acquired a new position in Old Republic International during the 4th quarter worth approximately $33,000. Omnia Family Wealth LLC acquired a new position in Old Republic International during the 4th quarter worth approximately $34,000. Finally, Westside Investment Management Inc. grew its holdings in shares of Old Republic International by 500.0% in the 4th quarter. Westside Investment Management Inc. now owns 2,400 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 73.89% 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. 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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