Piper Sandler Sees Earnings Upside for Old Republic (ORI) as Housing Outlook Improves

Old Republic International Corporation (NYSE:ORI) is included among the 11 Best Low Priced Dividend Stocks to Buy According to Analysts.

On December 8, Piper Sandler analyst Paul Newsome increased the firm’s price target on Old Republic International Corporation (NYSE:ORI) to $51 from $46 with an Overweight rating on the shares. The firm noted that ORI is a reasonably priced property and casualty insurance company with a title business, which offers it room for much stronger earnings, depending on the recovery of the housing market.

Earlier in October, Old Republic International Corporation (NYSE:ORI) announced that it had executed a definitive agreement to acquire Everett Cash Mutual Insurance Co. and affiliated companies. The deal will take place after ECM converts to a stock company through a sponsored demutualization. The leading insurer of small farmowners, ECM operates in 48 states and wrote $237 million of direct written premiums in 2024. The company also boasts a record of growth and profitability.

Old Republic President & CEO, Craig R. Smiddy, made the following comment regarding the transaction:

“With ECM’s ‘narrow & deep’ expertise in the farmowners and commercial agricultural market and their commitment to underwriting excellence, there is a strong strategic and cultural fit with ORI’s portfolio of specialty companies. We welcome Randy Shaw, his team, and his customers to Old Republic and look forward to sustained profitable growth.”

Old Republic International Corporation (NYSE:ORI) is an American insurance company that offers insurance coverage to businesses, government entities, and various institutions across the US.

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