Old Republic International (NYSE:ORI) was downgraded by JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued on Friday, MarketBeat Ratings reports.

A number of other research analysts have also weighed in on ORI. Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 price objective on the stock in a research note on Tuesday, June 25th. TheStreet raised shares of United States Lime & Minerals from a “c+” rating to a “b” rating in a research note on Wednesday, March 20th.

NYSE:ORI opened at $23.20 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $7.03 billion, a PE ratio of 12.34 and a beta of 0.84. The business has a fifty day moving average of $22.62. Old Republic International has a 12 month low of $19.55 and a 12 month high of $23.24.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Old Republic International had a net margin of 11.87% and a return on equity of 10.66%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, research analysts forecast that Old Republic International will post 1.85 EPS for the current year.

In other Old Republic International news, insider Charles S. Boone sold 30,500 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $22.69, for a total value of $692,045.00. Following the transaction, the insider now directly owns 22,750 shares of the company’s stock, valued at $516,197.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 600 shares of company stock worth $13,500 over the last ninety days. Insiders own 1.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ORI. Manning & Napier Group LLC lifted its position in shares of Old Republic International by 1.9% during the first quarter. Manning & Napier Group LLC now owns 34,990 shares of the insurance provider’s stock valued at $731,000 after purchasing an additional 660 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Old Republic International by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 76,200 shares of the insurance provider’s stock valued at $1,594,000 after purchasing an additional 700 shares in the last quarter. Ridgewood Investments LLC lifted its position in shares of Old Republic International by 4.9% during the second quarter. Ridgewood Investments LLC now owns 17,894 shares of the insurance provider’s stock valued at $400,000 after purchasing an additional 841 shares in the last quarter. Twin Capital Management Inc. lifted its position in shares of Old Republic International by 0.5% during the first quarter. Twin Capital Management Inc. now owns 187,770 shares of the insurance provider’s stock valued at $3,928,000 after purchasing an additional 940 shares in the last quarter. Finally, Inlet Private Wealth LLC lifted its position in shares of Old Republic International by 5.3% during the first quarter. Inlet Private Wealth LLC now owns 19,999 shares of the insurance provider’s stock valued at $418,000 after purchasing an additional 1,000 shares in the last quarter. 73.48% 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. 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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