JMP Securities analyst Matthew Carletti reiterated a Hold rating on Old Republic International (ORI – Research Report) yesterday. The company’s shares closed yesterday at $26.90.
Carletti covers the Financial sector, focusing on stocks such as Skyward Specialty Insurance Group, Inc., Renaissancere Holdings, and Hanover Insurance. According to TipRanks, Carletti has an average return of 3.8% and a 56.12% success rate on recommended stocks.
Currently, the analyst consensus on Old Republic International is a Hold with an average price target of $27.00.
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ORI market cap is currently $7.8B and has a P/E ratio of 13.75.
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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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