Raymond James Sticks to Its Buy Rating for Old Republic International (ORI)

In a report released today, Charles Peters from Raymond James maintained a Buy rating on Old Republic International (ORIResearch Report). The company’s shares closed last Thursday at $24.36.

According to TipRanks.com, Peters is a 4-star analyst with an average return of 9.5% and a 64.8% success rate. Peters covers the Financial sector, focusing on stocks such as Argo Group International Holdings, American Equity Investment Life, and Hallmark Financial Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Old Republic International.

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Based on Old Republic International’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.35 billion and net profit of $502 million. In comparison, last year the company earned revenue of $764 million and had a GAAP net loss of $605 million.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORI in relation to earlier this year. Most recently, in April 2021, Rande Keith Yeager, the Executive Chairman-Title Group of ORI sold 49,000 shares for a total of $1,192,260.

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.