Analysts Anticipate Old Republic International Co. (ORI) to Announce $0.35 Earnings Per Share

Shares of Old Republic International Co. (NYSE:ORI) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price objective of $25.00 for the company and are forecasting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Old Republic International an industry rank of 169 out of 255 based on the ratings given to related companies.

ORI has been the subject of a number of analyst reports. TheStreet lowered shares of Old Republic International from a “b” rating to a “c+” rating in a research report on Thursday, January 24th. Zacks Investment Research lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Wednesday, December 26th.

Shares of NYSE:ORI opened at $20.82 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.25 and a quick ratio of 0.49. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 11.19 and a beta of 0.88. Old Republic International has a twelve month low of $19.48 and a twelve month high of $23.05.

Old Republic International (NYSE:ORI) last issued its earnings results on Thursday, January 24th. The insurance provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.57 billion. Old Republic International had a net margin of 6.15% and a return on equity of 10.79%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. Analysts predict that Old Republic International will post 1.85 EPS for the current fiscal year.

In other news, CEO Aldo C. Zucaro acquired 5,000 shares of the business’s stock in a transaction dated Monday, January 28th. The stock was bought at an average cost of $19.87 per share, for a total transaction of $99,350.00. Following the completion of the transaction, the chief executive officer now owns 1,260,080 shares of the company’s stock, valued at $25,037,789.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in ORI. BlackRock Inc. raised its stake in Old Republic International by 5.0% in the fourth quarter. BlackRock Inc. now owns 31,855,862 shares of the insurance provider’s stock valued at $655,273,000 after purchasing an additional 1,514,309 shares in the last quarter. Vanguard Group Inc. raised its stake in Old Republic International by 3.8% in the third quarter. Vanguard Group Inc. now owns 26,280,159 shares of the insurance provider’s stock valued at $588,150,000 after purchasing an additional 958,745 shares in the last quarter. Vanguard Group Inc raised its stake in Old Republic International by 3.8% in the third quarter. Vanguard Group Inc now owns 26,280,159 shares of the insurance provider’s stock valued at $588,150,000 after purchasing an additional 958,745 shares in the last quarter. Renaissance Technologies LLC raised its stake in Old Republic International by 3.2% in the third quarter. Renaissance Technologies LLC now owns 8,712,185 shares of the insurance provider’s stock valued at $194,979,000 after purchasing an additional 267,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Old Republic International by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,276,202 shares of the insurance provider’s stock valued at $149,673,000 after purchasing an additional 142,057 shares in the last quarter. Institutional investors own 73.74% of the company’s stock.

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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