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

Old Republic International (NYSE:ORI - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.

Old Republic International Stock Up 1.7 %

NYSE ORI traded up $0.65 on Tuesday, reaching $38.49. 1,642,251 shares of the stock traded hands, compared to its average volume of 1,106,678. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The company has a fifty day moving average price of $36.10 and a 200-day moving average price of $36.05. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 14.63 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.

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

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Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORI. Allworth Financial LP grew its stake in Old Republic International by 161.9% during the 3rd quarter. Allworth Financial LP now owns 728 shares of the insurance provider's stock worth $26,000 after buying an additional 450 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Old Republic International during the 3rd quarter worth $28,000. Fairway Wealth LLC purchased a new position in Old Republic International during the 4th quarter worth $29,000. SBI Securities Co. Ltd. purchased a new position in Old Republic International during the 4th quarter worth $34,000. Finally, Core Alternative Capital purchased a new position in Old Republic International during the 4th quarter worth $36,000. 70.92% of the stock is currently owned by hedge funds and other 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.