Old Republic International
About: Old Republic International Corp offers a diverse range of specialized insurance products to individuals and institutions. It operates in three segments: General Insurance (property and liability insurance), Title Insurance, and Republic Financial Indemnity Group (RFIG) Run-off. General Insurance includes products such as Automobile Extended Warranty Insurance, Aviation, Commercial Automobile Insurance, Inland Marine, Travel Accident, Workers' Compensation, Financial Indemnity, and others. Title Insurance's business consists primarily of the issuance of policies to real estate purchasers and investors based upon searches of the public records which contain information concerning interests in real property. Almost all of its revenue is generated from the US.
Employees: 9,200
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
92% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 52
78% more call options, than puts
Call options by funds: $8.1M | Put options by funds: $4.54M
9% more funds holding
Funds holding: 514 [Q2] → 562 (+48) [Q3]
7% more capital invested
Capital invested by funds: $5.76B [Q2] → $6.14B (+$377M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]
1.5% less ownership
Funds ownership: 68.6% [Q2] → 67.11% (-1.5%) [Q3]
16% less repeat investments, than reductions
Existing positions increased: 170 | Existing positions reduced: 203
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$37
3%
upside
Avg. target
$37
3%
upside
High target
$37
3%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Paul Newsome 78% 1-year accuracy 35 / 45 met price target | 3%upside $37 | Overweight Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 4 articles about ORI published over the past 30 days
Neutral
PRNewsWire
1 week ago
OLD REPUBLIC ANNOUNCES SPECIAL DIVIDEND
CHICAGO , Dec. 13, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced its Board of Directors has declared a special cash dividend of $2.00 per share. This special dividend is payable on January 15, 2025 to shareholders of record on January 3, 2025 and will return approximately $500 million to shareholders.
Positive
Zacks Investment Research
1 week ago
ORI Stock Trading at Discount to Industry at 1.43X: Time to Hold?
Old Republic rides on high renewal retention ratios, well-performing Title business, financial flexibility, favorable growth estimates and higher return on capital.
Neutral
PRNewsWire
3 weeks ago
OLD REPUBLIC DECLARES FOURTH QUARTER REGULAR CASH DIVIDEND OF 26.5 CENTS PER SHARE
CHICAGO , Nov. 26, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced its Board of Directors has declared a regular quarterly cash dividend of 26.5 cents per share. This dividend is payable on December 16, 2024 to shareholders of record on December 6, 2024.
Neutral
Seeking Alpha
4 weeks ago
2 Yields Only A Retiree Could Love
Retirees should balance portfolios with dividend stocks for reliable income; Old Republic International offers a stable 2.7% yield and Verizon a higher 6.4% yield. ORI has a long history of dividend payments and growth, making it a safe bet, especially with potential special dividends and share buybacks. VZ provides a higher yield but comes with risks like high debt and potential lawsuits; however, it has significant upside potential if managed well.
Neutral
Seeking Alpha
1 month ago
Old Republic International: Consistent Dividends Amid Insurance Market Challenges
Old Republic International delivered steady third-quarter results driven by reliable but declining underwriting margins and massive unrealized gain changes. Despite strong results, ORI's current valuation appears slightly above fair value, with challenges in the real estate sector potentially affecting profitability. As a dividend aristocrat, ORI consistently rewards shareholders through dividends and share repurchases, with a 13% capital return on current market capitalization.
Neutral
Seeking Alpha
1 month ago
Old Republic International Corporation (ORI) Q3 2024 Earnings Call Transcript
Old Republic International Corporation (NYSE:ORI ) Q3 2024 Earnings Conference Call October 24, 2024 3:00 PM ET Company Participants Joe Calabrese - FRB Craig Smiddy - President and Chief Executive Officer Francis Sodaro - Chief Financial Officer Carolyn Monroe - President and Chief Executive Officer, Title Insurance Group Conference Call Participants Gregory Peters - Raymond James Karol Chmiel - Citizens JMP Operator Good afternoon. My name is Audra and I will be your conference operator today.
Neutral
Zacks Investment Research
1 month ago
Old Republic (ORI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Old Republic (ORI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Old Republic International (ORI) Q3 Earnings and Revenues Top Estimates
Old Republic International (ORI) came out with quarterly earnings of $1.32 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.72 per share a year ago.
Neutral
PRNewsWire
1 month ago
OLD REPUBLIC REPORTS RESULTS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2024
CHICAGO , Oct. 24, 2024 /PRNewswire/ -- OVERALL RESULTS Quarters Ended September 30, Nine Months Ended September 30, 2024 2023 % Change 2024 2023 % Change Pretax income $ 426.9 $ 63.9 $ 939.0 $ 510.0 Pretax investment gains (losses) 197.7 (186.9) 224.3 (191.1) Pretax income excluding investment gains (losses) $ 229.2 $ 250.8 (8.6) % $ 714.7 $ 701.2 1.9 % Net income $ 338.9 $ 52.6 $ 747.6 $ 408.0 Net of tax investment gains (losses) 156.1 (147.6) 177.6 (151.0) Net income excluding investment gains (losses) $ 182.7 $ 200.2 (8.7) % $ 570.0 $ 559.0 2.0 % Combined ratio 95.0 % 91.9 % 94.3 % 92.4 % PER DILUTED SHARE Quarters Ended September 30, Nine Months Ended September 30, 2024 2023 % Change 2024 2023 % Change Net income $ 1.32 $ 0.19 $ 2.81 $ 1.42 Net of tax investment gains (losses) 0.61 (0.53) 0.67 (0.53) Net income excluding investment gains (losses) $ 0.71 $ 0.72 (1.4) % $ 2.14 $ 1.95 9.7 % SHAREHOLDERS' EQUITY (BOOK VALUE) Sep. 30, Dec. 31, 2024 2023 % Change Total $ 6,445.3 $ 6,410.7 0.5 % Per Common Share $ 25.71 $ 23.31 10.3 % ________ All amounts in this report are stated in millions except where noted, common stock data, and percentages. Old Republic International Corporation (NYSE: ORI) today reported pretax income, excluding investment gains (losses) (pretax operating income), of $229.2 for the quarter and $714.7 for the first nine months.
Neutral
Zacks Investment Research
2 months ago
Ahead of Old Republic (ORI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Evaluate the expected performance of Old Republic (ORI) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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