Old Republic International (NYSE:ORI) Rating Lowered to “Hold” at StockNews.com

Old Republic International (NYSE:ORI) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Old Republic International Price Performance

Old Republic International stock opened at $37.14 on Tuesday. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 14.12 and a beta of 0.88. Old Republic International has a 12-month low of $28.59 and a 12-month high of $39.27. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $35.98 and its 200 day simple moving average is $36.00.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. As a group, research analysts anticipate that Old Republic International will post 3.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Jeffrey Lange sold 1,098 shares of Old Republic International stock in a transaction on Friday, January 31st. The shares were sold at an average price of $36.56, for a total transaction of $40,142.88. Following the transaction, the senior vice president now directly owns 34,679 shares of the company’s stock, valued at $1,267,864.24. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Carolyn Monroe sold 9,188 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.35, for a total transaction of $333,983.80. Following the completion of the sale, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. This represents a 21.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ORI. Allworth Financial LP lifted its holdings in shares of Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 450 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International during the 3rd quarter worth approximately $28,000. Fairway Wealth LLC acquired a new stake in Old Republic International during the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in Old Republic International in the fourth quarter valued at approximately $34,000. Finally, Core Alternative Capital acquired a new position in shares of Old Republic International in the fourth quarter valued at approximately $36,000. 70.92% 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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.