Old Republic (NYSE:ORI) Rating Upgrade

Old Republic (NYSE:ORI) was raised by JMP Securities from Mkt Perform rating to Mkt Outperform rating in analysts report issued to clients on 12 February.

The stock rating upgrade is welcomed by investors, as NYSE:ORI is now trading 0.14% higher at $20.83 as of 6:06 AM New York time. Old Republic shares have [From2] 0% over the past 200 days, while the S&P 500 Index has gained 6.00% for the same time.

Institutional Ownership

Waterstone Capital Management L.P. had the biggest stake with ownership of 771,157 shares as of q2 2015 for 6.58% of the US long stock exposure. Knightsbridge Asset Management Llc is another very bullish institutional investor who is owning 191,105 shares of Old Republic or 3.29% of their US long stock exposure. Furthermore, North Star Investment Management Corp. have 2.51% of their US long stock exposure invested in the company for 801,000 shares. The Illinois-based fund New Vernon Investment Management Llc revealed it had bought a stake worth about 2.38% of the institutional investor’s stock portfolio in Old Republic. The Massachusetts-based fund Contravisory Investment Management Inc. is also positive about the stock, possessing 128,011 shares or 1.9% of their US long stock exposure.

Old Republic (NYSE:ORI) Profile

Old Republic International Corporation is a holding company. The Company is engaged in business of insurance underwriting and related services. The Company conducts its operations through various regulated insurance company subsidiaries, which are organized into three segments: General Insurance Group, Title Insurance Group and the Republic Financial Indemnity Group (RFIG) Run-off Business.

Old Republic (NYSE:ORI) traded up 0.14% on 12 February, hitting $20.83. A total of 635,829 shares of the company’s stock traded hands. This is down from average of 1.36 million shares. Old Republic has a 52 week low of $17.53 and a 52 week high of $21.19. The company has a market cap of $5.50 billion and a P/E ratio of 15.37.

Get the latest Old Republic (NYSE:ORI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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