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

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

Old Republic International Stock Performance

ORI traded up $0.49 on Tuesday, hitting $37.28. The company had a trading volume of 985,168 shares, compared to its average volume of 1,101,605. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 14.17 and a beta of 0.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.62 and a quick ratio of 0.28. The company’s fifty day moving average price is $35.97 and its 200 day moving average price is $35.97. Old Republic International has a 1-year low of $28.59 and a 1-year high of $39.27.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share 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%. Equities analysts predict that Old Republic International will post 3.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Carolyn Monroe sold 9,188 shares of the business’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 transaction, the senior vice president now owns 33,556 shares of the company’s stock, valued at approximately $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jeffrey Lange sold 1,098 shares of the company’s stock in a transaction that occurred 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 directly owns 34,679 shares of the company’s stock, valued at approximately $1,267,864.24. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Old Republic International

A number of hedge funds have recently made changes to their positions in ORI. Allworth Financial LP increased its stake in Old Republic International by 161.9% in the third quarter. Allworth Financial LP now owns 728 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 450 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Old Republic International during the third quarter valued at approximately $28,000. Fairway Wealth LLC bought a new stake in shares of Old Republic International in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Old Republic International in the 4th quarter worth approximately $34,000. Finally, Core Alternative Capital bought a new position in shares of Old Republic International during the 4th quarter worth approximately $36,000. 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.