In a report issued on July 18, Matthew Carletti from JMP Securities maintained a Hold rating on Old Republic International (ORI – Research Report). The company’s shares closed last Tuesday at $22.78.
According to TipRanks.com, Carletti is a 1-star analyst with an average return of -1.4% and a 53.3% success rate. Carletti covers the Financial sector, focusing on stocks such as Argo Group International Holdings, Heritage Insurance Holdings, and Selective Insurance Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Old Republic International with a $28.00 average price target.
See Insiders’ Hot Stocks on TipRanks >>
Based on Old Republic International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.21 billion and net profit of $306 million. In comparison, last year the company earned revenue of $2.35 billion and had a net profit of $502 million.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Old Republic International Corp. is a holding company, which engages in the business of insurance underwriting. It operates through the following segments: General Insurance Group, Title Insurance Group, and Republic Financial Indemnity Group Run-off Business. The General Insurance Group segment involves in providing property and liability insurance to commercial clients. The Title Insurance Group segment includes issuance of policies to real estate purchasers and investors. The Republic Financial Indemnity Group Run-off Business segment consists of mortgage guaranty and consumer credit indemnity operations. The company was founded in 1923 and is headquartered in Chicago, IL.
Read More on ORI:
- Midwest Holding (MDWT) Gets a Hold Rating from JMP Securities
- Horace Mann Educators (HMN) Gets a Hold Rating from JMP Securities
- Axis Capital (AXS) Receives a Hold from JMP Securities
- Argo Group International Holdings (ARGO) Receives a Hold from JMP Securities
- Allstate (ALL) Receives a Hold from JMP Securities
