Old Republic International Co. (NYSE:ORI) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 4,880,000 shares, a growth of 13.5% from the January 15th total of 4,300,000 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 1,470,000 shares, the short-interest ratio is currently 3.3 days.
Old Republic International stock opened at $23.49 on Friday. The company has a market capitalization of $7.10 billion, a P/E ratio of 6.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.49 and a current ratio of 1.21. Old Republic International has a fifty-two week low of $20.40 and a fifty-two week high of $24.10. The stock has a 50-day simple moving average of $22.73 and a 200-day simple moving average of $22.76.
Old Republic International (NYSE:ORI) last released its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. Old Republic International had a return on equity of 9.52% and a net margin of 14.64%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter last year, the business posted $0.45 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts forecast that Old Republic International will post 1.65 earnings per share for the current year.
Several equities research analysts recently commented on ORI shares. Zacks Investment Research lowered shares of Old Republic International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. ValuEngine upgraded shares of Old Republic International from a “sell” rating to a “hold” rating in a research note on Friday, October 25th.
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.
See Also: What is a Swap?
Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.