ORI: Best Stock To Participate In Housing Recovery

Analysts at Wunderlich Securities reiterate their "buy" rating on Old Republic International Corporation ORI. The target price for ORI is set to $19. According to Old Republic International’s Chairman, Aldo Zucaro, “the economy’s impact on ORI’s large trucking and construction business customers has had a greater effect on profitability than competitive pricing…The market share gains are not the focus for growth, but profitable returns on the business the company writes is ORI’s target” He also “cautioned the recovery in insurance profit growth will be slow as lower investment yields impede progress” Wunderlich Securities mention, “We anticipate MI profits will emerge in late 2011 as demand returns and new business offsets legacy business. The title business is driven by transaction volume. The level of transactions remains volatile as the market is stimulated by a variety of programs to reduce inventory.” More Analyst Ratings here