Old Republic International (NYSE:ORI) Given New $43.00 Price Target at Piper Sandler

Old Republic International (NYSE:ORI) had its target price lifted by stock analysts at Piper Sandler from $41.00 to $43.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Piper Sandler’s price objective points to a potential upside of 9.54% from the stock’s current price.

Separately, StockNews.com lowered Old Republic International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Old Republic International Stock Up 0.8 %

NYSE:ORI opened at $39.26 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.62. The firm has a 50-day simple moving average of $37.10 and a two-hundred day simple moving average of $36.47. Old Republic International has a fifty-two week low of $28.59 and a fifty-two week high of $39.55. The firm has a market cap of $9.74 billion, a P/E ratio of 14.93 and a beta of 0.83.

Old Republic International (NYSE:ORI) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.71 by $0.19. Old Republic International had a return on equity of 20.32% and a net margin of 10.36%. Analysts predict that Old Republic International will post 3.17 earnings per share for the current fiscal year.

Insider Activity at Old Republic International

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total value of $1,002,180.50. Following the completion of the sale, the vice president now owns 46,556 shares of the company’s stock, valued at $1,699,294. This trade represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig R. Smiddy sold 5,296 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $38.60, for a total value of $204,425.60. Following the sale, the chief executive officer now directly owns 138,222 shares of the company’s stock, valued at $5,335,369.20. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,039 shares of company stock worth $1,580,733. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Old Republic International

Hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Old Republic International during the third quarter worth about $28,000. Fairway Wealth LLC acquired a new stake in shares of Old Republic International in the fourth quarter worth $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Old Republic International in the fourth quarter valued at approximately $34,000. Core Alternative Capital purchased a new position in shares of Old Republic International during the 4th quarter valued at approximately $36,000. Finally, Synergy Asset Management LLC purchased a new position in Old Republic International during the fourth quarter valued at $39,000. 70.92% of the stock is 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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.