Old Republic International (NYSE:ORI) was upgraded by research analysts at JMP Securities from a “market perform” rating to an “outperform” rating in a report released on Monday, The Fly reports.

Several other equities analysts have also recently issued reports on the stock. Raymond James Financial upgraded shares of Old Republic International from an “outperform” rating to a “strong-buy” rating and boosted their target price for the company from $23.00 to $25.00 in a research note on Monday, October 30th. Zacks Investment Research cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th.

Old Republic International (NYSE:ORI) opened at $19.90 on Monday. The company has a quick ratio of 0.51, a current ratio of 1.31 and a debt-to-equity ratio of 0.31. Old Republic International has a 12 month low of $17.92 and a 12 month high of $22.34. The stock has a market cap of $5,249.75, a price-to-earnings ratio of 10.36 and a beta of 1.34.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 25th. The insurance provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. Old Republic International had a net margin of 8.95% and a return on equity of 6.80%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the business posted $0.43 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. research analysts anticipate that Old Republic International will post 1.7 earnings per share for the current year.

In other Old Republic International news, VP Charles S. Boone sold 15,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $20.96, for a total transaction of $314,400.00. Following the completion of the transaction, the vice president now directly owns 22,750 shares in the company, valued at $476,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO R Scott Rager sold 47,500 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $21.00, for a total transaction of $997,500.00. Following the transaction, the chief operating officer now owns 40,000 shares of the company’s stock, valued at $840,000. The disclosure for this sale can be found here. Insiders have sold 81,552 shares of company stock valued at $1,711,992 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Pzena Investment Management LLC acquired a new stake in shares of Old Republic International in the fourth quarter valued at about $383,000. American International Group Inc. raised its position in shares of Old Republic International by 1.2% in the fourth quarter. American International Group Inc. now owns 507,597 shares of the insurance provider’s stock valued at $10,852,000 after buying an additional 5,909 shares during the last quarter. Systematic Financial Management LP acquired a new stake in shares of Old Republic International in the fourth quarter valued at about $7,292,000. UBS Asset Management Americas Inc. raised its position in shares of Old Republic International by 6.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 302,902 shares of the insurance provider’s stock valued at $6,476,000 after buying an additional 18,487 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Old Republic International by 1.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 241,094 shares of the insurance provider’s stock valued at $5,155,000 after buying an additional 3,339 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.watchlistnews.com/old-republic-international-ori-rating-increased-to-outperform-at-jmp-securities/1861066.html.

About Old Republic International

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

The Fly

Receive News & Ratings for Old Republic International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old Republic International and related companies with MarketBeat.com's FREE daily email newsletter.