Shares of Old Republic International Co. (NYSE:ORI) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus target price of $25.00 for the company and are expecting that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also given Old Republic International an industry rank of 10 out of 256 based on the ratings given to related companies.
ORI has been the subject of a number of analyst reports. TheStreet raised Old Republic International from a “c+” rating to a “b-” rating in a report on Wednesday, March 20th. Zacks Investment Research raised Old Republic International from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Thursday, April 25th.
Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. Old Republic International had a return on equity of 10.66% and a net margin of 11.87%. Old Republic International’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 earnings per share. On average, research analysts anticipate that Old Republic International will post 1.85 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Monday, June 3rd. Old Republic International’s dividend payout ratio is presently 43.01%.
In other Old Republic International news, insider Charles S. Boone sold 30,500 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $22.69, for a total transaction of $692,045.00. Following the transaction, the insider now owns 22,750 shares of the company’s stock, valued at approximately $516,197.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have acquired 600 shares of company stock worth $12,728. 1.90% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in ORI. JPMorgan Chase & Co. raised its position in shares of Old Republic International by 40.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,003,301 shares of the insurance provider’s stock worth $22,454,000 after purchasing an additional 288,045 shares during the period. Vanguard Group Inc raised its position in shares of Old Republic International by 3.8% during the 3rd quarter. Vanguard Group Inc now owns 26,280,159 shares of the insurance provider’s stock worth $588,150,000 after purchasing an additional 958,745 shares during the period. Bank of Montreal Can raised its position in shares of Old Republic International by 107.8% during the 4th quarter. Bank of Montreal Can now owns 173,901 shares of the insurance provider’s stock worth $3,578,000 after purchasing an additional 90,223 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Old Republic International by 16.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,452 shares of the insurance provider’s stock worth $709,000 after purchasing an additional 4,892 shares during the period. Finally, Royal London Asset Management Ltd. raised its position in shares of Old Republic International by 9.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 104,602 shares of the insurance provider’s stock worth $2,146,000 after purchasing an additional 8,810 shares during the period. 73.59% of the stock is currently owned by institutional investors.
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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