Piper Sandler Upgrades Old Republic Intl to Overweight, Announces $32 Price Target
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Piper Sandler upgrades Old Republic Intl (NYSE:ORI) from Neutral to Overweight and announces $32 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/12/2024 | $32.00 | Neutral → Overweight | Piper Sandler |
| 5/17/2023 | $27.00 | Neutral | Piper Sandler |
| 4/29/2022 | $30.00 → $28.00 | Strong Buy → Outperform | Raymond James |
| 11/1/2021 | $28.00 → $30.00 | Strong Buy | Raymond James |
Old Republic Intl (NYSE:ORI) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.64 by 18.75 percent. This is a 22.58 percent increase over earnings of $0.62 per share from the same period last year. The company reported quarterly sales of $2.012 billion which beat the analyst consensus estimate of $1.919 billion by 4.86 percent. This is a 10.01 percent increase over sales of $1.829 billion the same period last year.
Old Republic Intl (NYSE:ORI) reported quarterly earnings of $0.67 per share which beat the analyst consensus estimate of $0.65 by 3.08 percent. This is a 9.84 percent increase over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $1.849 billion which beat the analyst consensus estimate of $1.844 billion by 0.27 percent. This is a 6.76 percent increase over sales of $1.732 billion the same period last year.
Piper Sandler analyst Paul Newsome maintains Old Republic Intl (NYSE:ORI) with a Overweight and raises the price target from $32 to $38.
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
CHICAGO, Oct. 10, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced that it will report financial results for the third quarter of 2024 before the market opens on Thursday, October 24, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 800-715-9871, passcode 4060501. Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through October 31, 2024. The replay will also be available on Old Republic's website. About Old RepublicChicago-based Old Republic International Corporatio
CHICAGO, Aug. 16, 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 September 16, 2024 to shareholders of record on September 6, 2024. Subject to Board approval each quarter, the full year's cash dividend will amount to $1.06 per share compared to 98 cents per share paid in 2023, an 8.2% increase. 2024 marks the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is o
4 - OLD REPUBLIC INTERNATIONAL CORP (0000074260) (Issuer)
4 - OLD REPUBLIC INTERNATIONAL CORP (0000074260) (Issuer)
4 - OLD REPUBLIC INTERNATIONAL CORP (0000074260) (Issuer)
CHICAGO, March 18, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced Therace M. Risch (51) has joined its Board of Directors as of March 18, 2024. She has concurrently been appointed to the Board's Audit and Governance and Nominating Committees, as well as to the Directorship of ORI's major regulated insurance company subsidiaries. Ms. Risch is currently the Executive Vice President and Chief Information & Technology Officer for American Electric Power Company, Inc. She was previously Executive Vice President and Chief Information & Digital Officer at J. C. Penney Company, Inc. and Executive Vice President and Chief Information Officer at COUNTRY Financ
CHICAGO, May 30, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — PMA Companies, Inc (PMA), a member of the Old Republic General Insurance Group, today announced the appointment of Sashi Aiyathurai as Executive Vice President and Chief Underwriting Officer. Ms. Aiyathurai will oversee all aspects of the Company's insurance underwriting and corporate distribution functions and will be a key member of the Office of the CEO, reporting to Derek Hopper, PMA's CEO. She joins PMA with over 25 years of experience, which includes executive leadership, corporate strategy, and oversight of production underwriting and regional underwriting activities. She earned a bachelor's deg
CHICAGO, May 1, 2023 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) today announced that after 36 years of dedicated service to Old Republic, Rande Yeager, Executive Chairman of Old Republic National Title Holding Company (ORNTHC), will retire, effective June 30, 2023. In making this announcement, Craig Smiddy, ORI's President and CEO, noted that "Rande's 48 year career in the title insurance industry has been marked by exemplary leadership, strategic vision, and a relentless commitment to advancing the title insurance industry. He has spearheaded initiatives that promoted innovation and engaged in advocacy efforts to reinforce the industry's reputation. His ability to ada
4 - OLD REPUBLIC INTERNATIONAL CORP (0000074260) (Issuer)
4 - OLD REPUBLIC INTERNATIONAL CORP (0000074260) (Issuer)
4 - OLD REPUBLIC INTERNATIONAL CORP (0000074260) (Issuer)
Piper Sandler upgraded Old Republic from Neutral to Overweight and set a new price target of $32.00
Piper Sandler initiated coverage of Old Republic with a rating of Neutral and set a new price target of $27.00
Raymond James downgraded Old Republic from Strong Buy to Outperform and set a new price target of $28.00 from $30.00 previously
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
CHICAGO, Oct. 10, 2024 /PRNewswire/ -- Old Republic International Corporation (NYSE:ORI) — today announced that it will report financial results for the third quarter of 2024 before the market opens on Thursday, October 24, and will hold a conference call at 3:00 p.m. Eastern time to discuss results. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 800-715-9871, passcode 4060501. Investors may also access a replay of the call by dialing 1-800-770-2030, passcode 4060501, which will be available through October 31, 2024. The replay will also be available on Old Republic's website. About Old RepublicChicago-based Old Republic International Corporatio
CHICAGO, Aug. 16, 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 September 16, 2024 to shareholders of record on September 6, 2024. Subject to Board approval each quarter, the full year's cash dividend will amount to $1.06 per share compared to 98 cents per share paid in 2023, an 8.2% increase. 2024 marks the 43rd consecutive year that Old Republic has increased its regular cash dividend and the 83rd year of uninterrupted regular cash dividend payments. About Old Republic Chicago-based Old Republic International Corporation is o
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