Raymond James Cuts ORI Price Target to $45

On October 23, 2026, Raymond James adjusted its outlook on Old Republic International Corporation (NYSE:ORI), lowering its price target from $48.00 to $45.00 while maintaining an Outperform rating on the shares. The research note provides a forward-looking view on the insurance provider as the market weighs recent property and casualty underwriting trends.

ORI Old Republic International Corporation

$39.05 ▼ -7.62% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Raymond James's Call on Old Republic International Corporation

On October 23, 2026, Raymond James issued its updated research note on Old Republic International Corporation, bringing its price target down to $45.00 from $48.00 while keeping an Outperform rating. Earlier in the sequence, Piper Sandler maintained a Neutral rating on the stock with a $39.00 price target on July 24, 2026.

Other Institutional Activity in Old Republic International Corporation

Large institutional funds have adjusted their positions in the insurer over recent reporting periods. Bank Of New York Mellon Corporation reduced its holdings by 226,470 shares, ending with 12,015,139 shares worth about $467,509,056.00. Victory Capital Management Inc. trimmed its stake by 680,547 shares, holding 6,249,664 shares valued at roughly $243,174,425.00. AQR Capital Management, LLC cut its position by 746,688 shares, finishing with 5,037,110 shares valued at approximately $195,993,949.00.

Old Republic International Corporation Stock Down 0.1%

Old Republic International Corporation shares recently traded around $40.08 as of October 23, 2026. That level places the stock below its 200-day moving average of $40.56 and roughly 14.3% under its 52-week high of $46.76, while remaining about 9.4% above its 52-week low of $36.65. The company carries a price-to-earnings ratio of 8.83 and a market capitalization of roughly $9.68 billion.

Recent Earnings

Old Republic International Corporation reported trailing twelve month revenue of $9.72 billion and earnings of $4.54 per share. Profitability metrics show a net profit margin of 11.3% and a return on equity of 17.9%, with year-over-year revenue growth at 0.1%. The next earnings release is scheduled for January 21, 2027.

Dividend

Old Republic International Corporation pays an annual dividend rate of $1.26 per share, giving it a dividend yield of 3.14%. The company's dividend payout ratio stands at 26.6%.

Insider Buying and Selling at Old Republic International Corporation

Company insiders executed several transactions prior to the analyst update. Officer Stephen J Oberst sold 13,125 shares on July 28, 2026, at an average price of $43.96. Officer Jeffrey Lange disposed of 14,075 shares on July 29, 2026, at $43.76 per share. Officer Carolyn Monroe carried out two transactions, selling 1,788 shares on August 11, 2026, at $42.26 and 4,386 shares on September 1, 2026, at $42.01.

Analysts Set New Price Targets

Wall Street coverage includes a consensus buy recommendation from analysts. The mean price target sits at $45.00, with target prices ranging from a low of $42.00 to a high of $48.00 across the covering opinions.

About Old Republic International Corporation

Based in Chicago, Illinois, Old Republic International Corporation operates through subsidiaries that provide insurance underwriting and related services across the United States and Canada. The business focuses primarily on specialty insurance and title insurance markets, supporting commercial and consumer clients through property and casualty products.

Bottom Line

Raymond James's revised price target reflects changing expectations for Old Republic International Corporation as shares trade near the $40.08 mark. Investors will look toward the upcoming earnings report on January 21, 2027, for further details on underwriting performance and segment growth.