In a report released today, Paul Newsome from Piper Sandler maintained a Hold rating on Old Republic International (ORI – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $27.85.
According to TipRanks, Newsome is a 5-star analyst with an average return of 7.3% and a 63.72% success rate. Newsome covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Kemper, and Cincinnati Financial.
The word on The Street in general, suggests a Hold analyst consensus rating for Old Republic International with a $30.00 average price target.
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Based on Old Republic International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.8 billion and a net profit of $155.5 million. In comparison, last year the company earned a revenue of $1.89 billion and had a GAAP net loss of $40.1 million
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is neutral on the stock.
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Old Republic International (ORI) Company Description:
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.
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