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 $31.00. The company’s shares closed yesterday at $26.90.
Newsome covers the Financial sector, focusing on stocks such as American International Group, Selective Insurance Group, and Palomar Holdings. According to TipRanks, Newsome has an average return of 7.7% and a 64.75% success rate on recommended stocks.
Old Republic International has an analyst consensus of Hold, with a price target consensus of $31.00.
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ORI market cap is currently $7.88B and has a P/E ratio of 10.31.
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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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