Old Republic International (NYSE:ORI) Cut to "Buy" at StockNews.com

Old Republic International (NYSE:ORI - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

Separately, Piper Sandler upped their price target on Old Republic International from $36.00 to $37.00 and gave the stock an "overweight" rating in a report on Monday, October 21st.

Old Republic International Stock Down 0.3 %

Shares of ORI traded down $0.12 during mid-day trading on Friday, hitting $36.13. 959,090 shares of the company's stock were exchanged, compared to its average volume of 1,241,963. The stock's 50-day moving average is $36.33 and its 200-day moving average is $35.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. Old Republic International has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. The company has a market cap of $9.16 billion, a price-to-earnings ratio of 13.74 and a beta of 0.88.

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

Insiders Place Their Bets

In other news, SVP Jeffrey Lange sold 1,098 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $36.56, for a total transaction of $40,142.88. Following the completion of the transaction, the senior vice president now directly owns 34,679 shares of the company's stock, valued at approximately $1,267,864.24. This represents a 3.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its position in shares of Old Republic International by 1.6% during the 4th quarter. Venturi Wealth Management LLC now owns 18,715 shares of the insurance provider's stock worth $677,000 after purchasing an additional 295 shares in the last quarter. Atomi Financial Group Inc. lifted its position in shares of Old Republic International by 4.1% during the 4th quarter. Atomi Financial Group Inc. now owns 7,714 shares of the insurance provider's stock valued at $279,000 after acquiring an additional 302 shares during the period. Berry Wealth Group LP boosted its stake in shares of Old Republic International by 5.2% during the 4th quarter. Berry Wealth Group LP now owns 6,251 shares of the insurance provider's stock worth $226,000 after acquiring an additional 310 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in Old Republic International by 0.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 83,723 shares of the insurance provider's stock valued at $2,965,000 after purchasing an additional 315 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Old Republic International by 2.4% during the fourth quarter. UMB Bank n.a. now owns 17,229 shares of the insurance provider's stock worth $624,000 after purchasing an additional 408 shares during the last quarter. Institutional investors and hedge funds own 70.92% of the company's stock.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.