Investors in Prestige Consumer Healthcare Inc. (PBH - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct. 16, 2026 $45 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Prestige Consumer shares, but what is the fundamental picture for the company? Currently, Prestige Consumer is a Zacks Rank #4 (Sell) in the Medical – Products industry that ranks in the Bottom 33% of our Zacks Industry Rank. Over the last 60 days, no analyst increased their earnings estimates for the current quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.05 per share to 96 cents in that period.
Given the way analysts feel about Prestige Consumer right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. (“Prestige” or the “Company”) (NYSE: PBH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Prestige and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 13, 2026, Prestige announced fourth quarter and full year 2026 earnings, disclosing that “for fiscal ‘26, revenues decreased 4.5% organically versus the prior year” and “[t]otal company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year.” In the associated earnings call, the Company’s CEO Ron Lombardi revealed that “in Q4, Clear Eyes sales were below expectations due to delayed shipments and production shutdowns ahead of line updates.”
On this news, Prestige’s stock price fell $5.88 per share, or 11.35%, to close at $45.93 per share on May 14, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. ("Prestige" or the "Company") (NYSE: PBH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Prestige and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 13, 2026, Prestige announced fourth quarter and full year 2026 earnings, disclosing that "for fiscal '26, revenues decreased 4.5% organically versus the prior year" and "[t]otal company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year." In the associated earnings call, the Company's CEO Ron Lombardi revealed that "in Q4, Clear Eyes sales were below expectations due to delayed shipments and production shutdowns ahead of line updates."
On this news, Prestige's stock price fell $5.88 per share, or 11.35%, to close at $45.93 per share on May 14, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
TARRYTOWN, N.Y., June 05, 2026 (GLOBE NEWSWIRE) -- Prestige Consumer Healthcare Inc. (NYSE:PBH) today announced that it will participate in a fireside chat at the Oppenheimer 26th Annual Consumer Growth and E-Commerce Conference virtually on Monday, June 8, 2026 at 9:45 a.m. ET. A live webcast of this event will be available at www.prestigeconsumerhealthcare.com under the "Investors” section and the "Events and Presentations" tab, or by using the following link:
For those unable to participate during the live webcast, a replay option will be available on the Company’s website following the event.
About Prestige Consumer Healthcare Inc.
Prestige Consumer Healthcare markets, sells, manufactures and distributes consumer healthcare products to retail outlets throughout the U.S. and Canada, Australia, and in certain other international markets. The Company’s diverse portfolio of brands include Monistat® and Summer’s Eve® women's health products, BC® and Goody's® pain relievers, Clear Eyes® and TheraTears® eye care products, DenTek® specialty oral care products, Dramamine® motion sickness treatments, Fleet® enemas and glycerin suppositories, Chloraseptic® and Luden's® sore throat treatments and drops, Compound W® wart treatments, Little Remedies® pediatric over-the-counter products, Boudreaux’s Butt Paste® diaper rash ointments, Nix® lice treatment, Debrox® earwax remover, Gaviscon® antacid in Canada, and Hydralyte® rehydration products and the Fess® line of nasal and sinus care products in Australia. Visit the Company's website at www.prestigeconsumerhealthcare.com.
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. ("Prestige" or "the Company") (NYSE: PBH) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Prestige released its Q4 and full year 2026 financial results on May 13, 2026. The Company revealed, "for fiscal 2026, revenues decreased 4.5% organically versus the prior year" and "total company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year." Based on this news, shares of Prestige fell by 11.35% on the next day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. (“Prestige” or the “Company”) (NYSE: PBH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Prestige and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 13, 2026, Prestige announced fourth quarter and full year 2026 earnings, disclosing that “for fiscal ‘26, revenues decreased 4.5% organically versus the prior year” and “[t]otal company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year.” In the associated earnings call, the Company’s CEO Ron Lombardi revealed that “in Q4, Clear Eyes sales were below expectations due to delayed shipments and production shutdowns ahead of line updates.”
On this news, Prestige’s stock price fell $5.88 per share, or 11.35%, to close at $45.93 per share on May 14, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Amylyx Stock: Why the Full Pipeline Story MattersAmylyx Pharmaceuticals NASDAQ: AMLX Co-Chief Executive Officer Justin Klee said the company is preparing for a key Phase 3 readout for avexitide, its lead program for post-bariatric hypoglycemia, during an appearance at the Goldman Sachs Global Healthcare Conference.
Klee described avexitide as a first-in-class GLP-1 receptor antagonist being developed for post-bariatric hypoglycemia, or PBH, a condition he said affects about 160,000 people in the U.S. He said the company expects that population to grow over time.
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3 small-cap biotechs with potential breakthroughs in 2024PBH is characterized by persistent, symptomatic severe hypoglycemia, Klee said, including neuroglycopenia, in which the brain does not receive enough glucose. He said patients can experience severe confusion, loss of consciousness and seizures, and that there are currently no approved treatments for the condition.
Klee said PBH is driven by elevated GLP-1 response after bariatric surgery, with some patients producing 10 to 20 times normal GLP-1 levels. That can cause insulin spikes and severe hypoglycemia. Avexitide is designed to block the GLP-1 receptor and reduce downstream hypoglycemia.
Phase 3 Readout Expected in Third Quarter These biotechs targeting multiple neurodegenerative diseasesKlee said Amylyx expects topline results from its Phase 3 pivotal trial of avexitide in the third quarter. The company completed enrollment at the end of March, and the study includes a 16-week double-blind, placebo-controlled period, followed by time for database cleaning, lock and analysis.
The Phase 3 trial is testing a 90 mg dose of avexitide. Klee said an earlier 60 mg dose showed effectiveness, but investigators observed possible breakthrough hypoglycemic events late at night or early in the morning. Pharmacokinetic analysis suggested coverage could be improved, leading to the higher dose.
He said the 90 mg dose provided coverage across the full day and night cycle in a Phase 2b trial, where the company observed reductions in both daytime and nighttime hypoglycemia as measured by continuous glucose monitoring, along with what he described as a good safety profile.
Klee said the Phase 3 trial was designed to be consistent with earlier studies, including the requirement that participants have frequent hypoglycemic events during a run-in period. He said the study is 90% powered to detect a 35% relative difference in Level 2 and Level 3 hypoglycemic events, compared with a 64% treatment effect observed in Phase 2b.
Trial Conduct and Endpoint Measurement Klee addressed investor questions about trial conduct, saying the primary endpoint is a composite of Level 2 and Level 3 hypoglycemic events. Level 2 events are measured by finger-stick blood glucose readings below 54 mg per deciliter, while Level 3 events involve the need for independent rescue.
Participants complete diary entries, and Level 3 events are reviewed by an adjudication committee of expert endocrinologists using a charter that Klee said was reviewed by the U.S. Food and Drug Administration. He also noted that FDA guidance recognizes the endpoint and that avexitide has received Breakthrough Therapy designation.
Klee said Amylyx can monitor trial data nearly in real time, including finger-stick readings, diaries and blinded continuous glucose monitor data. The company uses that information to assess whether participants are consistently capturing events and following study procedures.
He also discussed dietary behavior, saying participants are trained and retrained on diet, and must certify at every visit that they are following guidance. Klee said some diet liberalization occurred in earlier Phase 2 work, but that avexitide still produced a 55% reduction in hypoglycemic events in the first Phase 2 trial.
Commercial Planning Underway Klee said Amylyx is preparing for a potential launch in 2027 if the Phase 3 study is successful. He said the company is already working on its new drug application and pre-commercial activities.
He characterized PBH as a rare disease with significant unmet need and said Amylyx is seeing growing awareness among endocrinologists. Klee said PBH is now included on endocrinology board exams and that an ICD-10 code for PBH is expected to be adopted in October.
Current care is centered on medical nutrition therapy, Klee said, including frequent small meals and avoidance of simple carbohydrates. He said physicians use a variety of off-label medications, but said they do not address the GLP-1 mechanism that Amylyx believes is central to PBH.
Klee said Amylyx is refining its go-to-market strategy and expects to focus early efforts on centers that treat large numbers of PBH patients, including academic and large endocrinology centers. He said the company is thinking about its commercial infrastructure in a rare disease framework, including field teams and digital tools.
On pricing, Klee said there are no direct analogs for PBH, but cited recent rare endocrine drug launches as potential reference points. He said Amylyx expects to work with payers to support access.
Long-Acting GLP-1 Antagonist and ALS Pipeline Klee said Amylyx is also developing AMX0318, a potential once-weekly, long-acting GLP-1 receptor antagonist. The program is in IND-enabling studies, and the company’s goal is to move it into the clinic next year. Amylyx is developing the molecule through a collaboration with Gubra, which Klee described as an expert in peptide drug development.
He said avexitide’s composition claims extend to 2037 before potential patent term extension, which could add another two to three years. Klee said further innovation, including AMX0318, could support additional intellectual property.
Klee also discussed AMX0114, Amylyx’s calpain-2 program for ALS. The intrathecally administered antisense oligonucleotide is in a multiple ascending dose study in people with ALS. Klee said the company has completed the first two dosing cohorts, is moving to cohort 3 and plans to present biomarker results from the lowest-dose cohort at an ALS conference this month.
Cash Runway Into 2028 Klee said Amylyx has cash runway into 2028. He said that guidance includes work leading up to and through a potential 2027 commercialization of avexitide, including field team buildout, inventory and launch preparations intended to support access for PBH patients.
About Amylyx Pharmaceuticals NASDAQ: AMLXAmylyx Pharmaceuticals, Inc is a biopharmaceutical company dedicated to developing treatments for rare and debilitating neurological diseases. Founded in 2013 and headquartered in Cambridge, Massachusetts, the company focuses on leveraging novel approaches to target cellular pathways implicated in neurodegeneration. Amylyx's research platform centers on small-molecule therapies designed to protect neurons and support cellular health in patients with conditions that currently have limited or no disease-modifying treatment options.
The company's lead product, AMX0035, is marketed under the trade name Relyvrio following U.S.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. ("Prestige" or the "Company") (NYSE: PBH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Prestige and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 13, 2026, Prestige announced fourth quarter and full year 2026 earnings, disclosing that "for fiscal '26, revenues decreased 4.5% organically versus the prior year" and "[t]otal company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year." In the associated earnings call, the Company's CEO Ron Lombardi revealed that "in Q4, Clear Eyes sales were below expectations due to delayed shipments and production shutdowns ahead of line updates."
On this news, Prestige's stock price fell $5.88 per share, or 11.35%, to close at $45.93 per share on May 14, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Prestige Consumer Healthcare Inc. ("Prestige" or "the Company") (NYSE: PBH) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Prestige released its Q4 and full year 2026 financial results on May 13, 2026. The Company revealed, "for fiscal 2026, revenues decreased 4.5% organically versus the prior year" and "total company adjusted gross margin of 55.6% for the year was approximately flat to 55.8% in the prior year." Based on this news, shares of Prestige fell by 11.35% on the next day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – Old Republic International today announced a leadership transition at BITCO Insurance Companies, effective April 1, 2026. Meyer Lehman has been named President and Chief Executive Officer, and Vince Lamb, BITCO's current Chief Executive Officer, will become Executive Chairman.
In making this announcement, Craig Smiddy, Old Republic International's President and Chief Executive Officer, commented that "Meyer is a proven leader with the experience, judgment, and people-first approach that aligns closely with Old Republic's culture and operating philosophy. He has earned the trust of BITCO's colleagues, agents, and business partners, and we are confident in his ability to lead BITCO forward. This move reflects thoughtful succession planning and ensures we will continue to benefit from Vince's deep institutional knowledge, leadership, and steady counsel."
About Old Republic
Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.
At Old Republic:
At Financial Relations Board:
Craig R. Smiddy: President and Chief Executive Officer
Key Takeaways ORI expanded Specialty Insurance product capabilities beyond commercial auto and workers' comp in 2025. ORI's Specialty Insurance gains from rate hikes, strong renewals and new business from operating companies. ORI's Title Insurance saw double-digit premium growth in 2025 on strong commercial activity. Shares of Old Republic International Corporation (ORI - Free Report) have gained 1.8% in the past year against the industry’s decline of 10.5%.
ORI has outperformed its peers, CNO Financial Group, Inc. (CNO - Free Report) , MetLife, Inc. (MET - Free Report) and Markel Group Inc. (MKL - Free Report) in the past year. CNO and MET have lost 3.5% and 15%, respectively, in the past year. Shares of MKL have gained 0.9% in the past year.
Image Source: Zacks Investment Research
With a market capitalization of $9.81 billion, the average number of shares traded in the last three months was 2 million.
ORI’s Attractive ValuationThe stock is trading at a discount to the industry. Its price-to-book value of 1.67X is lower than the industry average of 2.25X, the Finance sector’s 3.94X, and the Zacks S&P 500 Composite’s 7.46X.
Image Source: Zacks Investment Research
The company has a Value Score of A. This style score helps find the most attractive value stocks.
ORI’s Growth Projection EncouragesThe Zacks Consensus Estimate for Old Republic International's 2026 earnings per share indicates a year-over-year increase of 3.1%. The consensus estimate for 2026 revenues is pegged at $9.72 billion, implying a year-over-year improvement of 8.5%. The consensus estimate for 2027 earnings per share and revenues indicates an increase of 3% and 6.8%, respectively, from the corresponding 2026 estimates.
Earnings Surprise HistoryOld Republic International surpassed earnings estimates in three of the last four quarters while missing in one, the average being 12.8%.
Average Target Price for ORI Suggests UpsideBased on short-term price targets offered by two analysts, the Zacks average price target is $42.50 per share. The average suggests a potential 7.8% upside from the last closing price.
Image Source: Zacks Investment Research
ORI’s Favorable Return on CapitalReturn on equity (ROE) for the trailing 12 months was 16.2%, which compared favorably with the industry’s 15.3%. This reflects its efficiency in utilizing shareholders’ funds. ORI’s ROE has been increasing over the last few quarters.
Also, return on invested capital (ROIC) has been increasing over the last few quarters as the company raised its capital investment over the same time frame. This reflects ORI’s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 3%, better than the industry average of 2.1%.
Factors Acting in Favor of ORIORI has a diverse and decentralized portfolio of specialty insurance products and services.
In 2025, Specialty Insurance continued to expand its product capabilities beyond its traditional focus on commercial auto and workers’ compensation.
The Specialty Insurance segment of ORI should continue to benefit from a combination of premium rate increases, high renewal retention ratios and new business production, including an increasing contribution from new operating companies. Commercial auto and general liability continued to achieve significant rate increases.
Old Republic International’s Title Insurance segment's solid net premiums and fees earned continue to reflect strong activity in the commercial sector and a modest uptick in refinance activity. Both agency and directly produced premiums experienced double-digit growth in 2025, riding on lower interest rates and strong commercial business production.
ConclusionAs part of wealth distribution to shareholders, ORI also engages in regular buybacks. ORI’s dividend history is impressive. It has hiked dividends for the last 43 years. Its dividend yield of 3.1% appears attractive compared with the industry average of 2.7%, making it an attractive pick for yield-seeking investors.
However, a high debt level, an increase in interest expense and a lower asset base in a low-interest rate environment keep us cautious about this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Burns Matteson Capital Management LLC acquired a new position in Old Republic International Corporation (NYSE:ORI – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,500 shares of the insurance provider’s stock, valued at approximately $616,000.
A number of other institutional investors and hedge funds have also bought and sold shares of ORI. JPL Wealth Management LLC purchased a new position in Old Republic International in the 3rd quarter worth approximately $27,000. Clearstead Trust LLC raised its position in shares of Old Republic International by 65.6% during the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after buying an additional 288 shares in the last quarter. Core Alternative Capital bought a new stake in shares of Old Republic International during the 3rd quarter worth $42,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Old Republic International by 28.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 222 shares during the last quarter. Finally, Caldwell Trust Co grew its position in Old Republic International by 75.0% in the third quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after acquiring an additional 450 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes A number of research analysts recently commented on ORI shares. Piper Sandler reissued a “neutral” rating and issued a $38.00 target price (down from $51.00) on shares of Old Republic International in a research note on Thursday, January 22nd. Zacks Research upgraded Old Republic International from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Weiss Ratings lowered Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.50.
View Our Latest Stock Analysis on ORI
Insider Activity In related news, Director John Eric Smith acquired 1,135 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were purchased at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the completion of the acquisition, the director owned 4,276 shares in the company, valued at approximately $184,295.60. This represents a 36.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, SVP Carolyn Monroe sold 5,526 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $39.28, for a total value of $217,061.28. Following the completion of the sale, the senior vice president directly owned 27,875 shares of the company’s stock, valued at approximately $1,094,930. This trade represents a 16.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.
Old Republic International Trading Down 0.2% Shares of ORI opened at $39.85 on Wednesday. Old Republic International Corporation has a fifty-two week low of $34.43 and a fifty-two week high of $46.76. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 11.76 and a beta of 0.73. The firm has a 50 day moving average price of $40.72 and a 200-day moving average price of $42.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27.
Old Republic International (NYSE:ORI – Get Free Report) last released its earnings results on Thursday, January 22nd. The insurance provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.15). Old Republic International had a net margin of 10.24% and a return on equity of 16.21%. During the same quarter in the prior year, the business posted $0.90 EPS. As a group, equities research analysts forecast that Old Republic International Corporation will post 3.17 earnings per share for the current year.
Old Republic International Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 9th were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, March 9th. Old Republic International’s payout ratio is 37.17%.
Old Republic International Company Profile (Free Report)
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.
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SG Americas Securities LLC raised its position in Old Republic International Corporation (NYSE:ORI – Free Report) by 300.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 68,240 shares of the insurance provider’s stock after acquiring an additional 51,208 shares during the period. SG Americas Securities LLC’s holdings in Old Republic International were worth $3,114,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. JPL Wealth Management LLC purchased a new position in Old Republic International during the third quarter worth about $27,000. Clearstead Trust LLC boosted its holdings in Old Republic International by 65.6% in the 3rd quarter. Clearstead Trust LLC now owns 727 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 288 shares in the last quarter. Core Alternative Capital acquired a new position in Old Republic International during the 3rd quarter worth approximately $42,000. Wilmington Savings Fund Society FSB increased its position in Old Republic International by 28.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,013 shares of the insurance provider’s stock worth $43,000 after purchasing an additional 222 shares during the period. Finally, Caldwell Trust Co raised its stake in shares of Old Republic International by 75.0% during the 3rd quarter. Caldwell Trust Co now owns 1,050 shares of the insurance provider’s stock worth $45,000 after buying an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 70.92% of the company’s stock.
Old Republic International Price Performance ORI stock opened at $40.40 on Friday. The firm has a 50 day moving average of $40.72 and a 200-day moving average of $42.22. The company has a market cap of $9.84 billion, a price-to-earnings ratio of 11.92 and a beta of 0.72. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. Old Republic International Corporation has a 12-month low of $34.43 and a 12-month high of $46.76.
Old Republic International (NYSE:ORI – Get Free Report) last released its quarterly earnings results on Thursday, January 22nd. The insurance provider reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.15). Old Republic International had a return on equity of 16.21% and a net margin of 10.24%.During the same period last year, the firm posted $0.90 earnings per share. As a group, equities analysts expect that Old Republic International Corporation will post 3.17 EPS for the current fiscal year.
Old Republic International Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 3.1%. This is a positive change from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, March 9th. Old Republic International’s dividend payout ratio is currently 37.17%.
Insiders Place Their Bets In other news, SVP Carolyn Monroe sold 5,526 shares of Old Republic International stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $39.28, for a total transaction of $217,061.28. Following the completion of the transaction, the senior vice president owned 27,875 shares of the company’s stock, valued at $1,094,930. The trade was a 16.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Eric Smith acquired 1,135 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of $43.10 per share, for a total transaction of $48,918.50. Following the completion of the transaction, the director directly owned 4,276 shares in the company, valued at approximately $184,295.60. This represents a 36.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.10% of the company’s stock.
Wall Street Analysts Forecast Growth Several analysts have recently commented on the company. Piper Sandler reissued a “neutral” rating and issued a $38.00 price target (down from $51.00) on shares of Old Republic International in a report on Thursday, January 22nd. Weiss Ratings cut Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, March 27th. Finally, Zacks Research raised Old Republic International from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.
View Our Latest Research Report on ORI
Old Republic International Company Profile (Free Report)
Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.
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, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced that it is forming a new operating company, Old Republic Property, Inc., to underwrite specialized property insurance products through a national retail broker distribution network. The company will be led by Patrick Hagerty as President. A graduate of Villanova University, Mr. Hagerty brings over 20 years of extensive property underwriting and leadership experience, with a track record of building and leading underwriting teams grounded in technical expertise, portfolio management, and long-term profitability.
In making this announcement, Craig R. Smiddy, Old Republic International's President and Chief Executive Officer, noted that, "Property insurance is a core line that aligns well with Old Republic's long-standing strategy and focus on diversified growth in Specialty Insurance. Patrick's leadership experience, underwriting discipline, and cultural fit, together with Old Republic's brand, resources, and financial strength, position Old Republic Property to build a high-quality specialty franchise over time."
Old Republic Property is the seventh new specialty operating company that Old Republic has launched since 2021, adding further diversification, depth, and underwriting talent to the Old Republic Specialty Insurance Group.
About Old Republic
Old Republic is a leading specialty insurer that operates a diverse group of property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.
At Old Republic:
At Financial Relations Board:
Craig R. Smiddy: President and Chief Executive Officer
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced that it will report financial results for the first quarter of 2026 before the market opens on Thursday, April 23, 2026, 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 8649152.
Investors may also access a replay of the call by dialing 800-770-2030, passcode 8649152, which will be available through Thursday, April 30, 2026. The replay will also be available on Old Republic's website.
About Old Republic
Old Republic is a leading specialty insurer that operates a diverse group of property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.
At Old Republic:
At Financial Relations Board:
Craig R. Smiddy: President and Chief Executive Officer
, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) – today announced the launch of Lodestar Claims & Risk Services, Inc. ("Lodestar") as an independent brand and standalone operating company within Old Republic, marking the first time in more than 30 years that the organization's third-party administrator (TPA) business will operate with its own distinct identity in the marketplace. Previously part of PMA Companies, the business operated as the insurance carrier's TPA division.
Lodestar is a top 10 national TPA providing claims administration and risk services to middle-market and large employers, national carriers, and distribution partners across all 50 states. The transition reflects a strategic decision by Old Republic to position its TPA business for continued growth and expanded market visibility, while enabling Lodestar to further strengthen its role as a national provider of claims and risk services and deepen relationships with clients.
"This step reflects Old Republic's commitment to positioning its operating companies for long-term success," said Craig Smiddy, Chief Executive Officer of Old Republic. "Establishing Lodestar as a standalone brand strengthens its ability to grow as a national TPA while continuing to deliver consistent, high-quality service to clients."
"As Lodestar, we have the opportunity to more clearly define our role in the marketplace while continuing to deliver the claims expertise and service our clients rely on," said Michael MacAulay, President of Lodestar Claims & Risk Services, Inc. "Operating as a standalone organization allows us to build on more than three decades of experience and reinforces our focus on helping clients navigate complex claims and risk challenges."
Lodestar's operations, leadership team, and service model remain unchanged. Clients and partners will continue working with the same claims professionals and teams they rely on today.
About Old Republic
Old Republic is a leading specialty insurer that operates a diverse group of property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.
At Old Republic:
At Financial Relations Board:
Craig R. Smiddy: President and Chief Executive Officer
Wall Street analysts forecast that Old Republic International (ORI - Free Report) will report quarterly earnings of $0.79 per share in its upcoming release, pointing to a year-over-year decline of 2.5%. It is anticipated that revenues will amount to $2.27 billion, exhibiting an increase of 10.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Old Republic metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Operating Revenue- Specialty Insurance Segment- Net premiums earned' will likely reach $1.37 billion. The estimate indicates a year-over-year change of +11.1%.
The consensus among analysts is that 'Operating Revenue- Specialty Insurance Segment- Net investment income' will reach $158.29 million. The estimate indicates a change of +5.5% from the prior-year quarter.
The consensus estimate for 'Operating Revenue- Specialty Insurance Segment- Other income' stands at $48.73 million. The estimate suggests a change of +3.5% year over year.
According to the collective judgment of analysts, 'Operating Revenue- Corporate & Other' should come in at $6.25 million. The estimate indicates a change of +0.8% from the prior-year quarter.
Analysts forecast 'Operating Revenue- Title Insurance Segment- Net investment income' to reach $18.04 million. The estimate indicates a change of +8% from the prior-year quarter.
Based on the collective assessment of analysts, 'Operating Revenue- Specialty Insurance Segment' should arrive at $1.58 billion. The estimate indicates a year-over-year change of +10.2%.
Analysts' assessment points toward 'Specialty Insurance Segment - Loss Ratio' reaching 63.5%. Compared to the current estimate, the company reported 65.0% in the same quarter of the previous year.
The average prediction of analysts places 'Specialty Insurance Segment - Expense Ratio' at 28.5%. The estimate is in contrast to the year-ago figure of 28.1%.
The collective assessment of analysts points to an estimated 'Title Insurance Segment - Combined Ratio' of 100.7%. The estimate compares to the year-ago value of 102.1%.
It is projected by analysts that the 'Title Insurance Segment - Loss Ratio' will reach 2.5%. The estimate is in contrast to the year-ago figure of 3.5%.
Analysts predict that the 'Title Insurance Segment - Expense Ratio' will reach 98.2%. The estimate is in contrast to the year-ago figure of 99.4%.
Analysts expect 'Specialty Insurance Segment - Combined Ratio' to come in at 92.0%. The estimate is in contrast to the year-ago figure of 89.8%.
View all Key Company Metrics for Old Republic here>>>
Shares of Old Republic have demonstrated returns of +11.1% over the past month compared to the Zacks S&P 500 composite's +9.3% change. With a Zacks Rank #3 (Hold), ORI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today reported the following results for the first quarter 2026:
Net income of $330.0 million, compared to $245.0 million last year. Net income excluding investment gains (net operating income) of $170.5 million, compared to $201.7 million last year. Net operating income per diluted share of $0.68, compared to $0.81 last year. Consolidated net premiums and fees earned of $1.97 billion, compared to nearly $1.85 billion last year. Net investment income of $178.0 million, compared to $170.7 million last year. Consolidated combined ratio of 96.6%, compared to 93.7% last year. Favorable loss reserve development of 1.5 points, compared to 2.6 points last year. Book value per share of $24.53, inclusive of dividends declared, up 2.6% since year-end 2025. Annualized operating return on equity of 11.5%. Total capital returned to shareholders of $237.5 million. Dollar amounts (other than per share amounts) are presented in millions, except as otherwise indicated.
OVERALL RESULTS ATTRIBUTABLE TO SHAREHOLDERS
Quarters Ended March 31,
2026
2025
% Change
Net income
$ 330.0
$ 245.0
Net of tax investment gains
159.4
43.2
Net income excluding investment gains
$ 170.5
$ 201.7
(15.4) %
Combined ratio
96.6 %
93.7 %
PER DILUTED SHARE ATTRIBUTABLE TO SHAREHOLDERS
Quarters Ended March 31,
2026
2025
% Change
Net income
$ 1.32
$ 0.98
Net of tax investment gains
0.64
0.17
Net income excluding investment gains
$ 0.68
$ 0.81
(15.4) %
SHAREHOLDERS' EQUITY (BOOK VALUE)
Mar. 31,
Dec. 31,
2026
2025
% Change
Total
$ 5,911.9
$ 5,914.0
— %
Per common share
$ 24.53
$ 24.21
1.3 %
Old Republic's business is managed for the long run. In this context, management's key objectives are to achieve highly profitable operating results over the long term, and to ensure balance sheet strength for the Company's obligations. Although Generally Accepted Accounting Principles (GAAP) uses net income as the measure of total profitability, management uses net income excluding net investment gains (losses) (net operating income), a non-GAAP financial measure, in its evaluation of periodic and long-term results.
In management's opinion, excluding investment gains (losses) from income provides a better way to analyze, evaluate, and establish accountability for the results of the insurance operations. The inclusion of realized investment gains (losses) in net income can mask trends in operating results because such realizations are often highly discretionary. Similarly, the inclusion of unrealized investment gains (losses) in equity securities can further distort such operating results with significant period-to-period fluctuations that are unrelated to the insurance operations. Net operating income, however, does not replace GAAP net income as a measure of total profitability.
FINANCIAL HIGHLIGHTS
Quarters Ended March 31,
SUMMARY INCOME STATEMENTS:
2026
2025
% Change
Revenues:
Net premiums and fees earned
$ 1,972.2
$ 1,841.0
7.1 %
Net investment income
178.0
170.7
4.3
Other income
47.3
47.2
0.2
Total operating revenues
2,197.6
2,059.0
6.7
Net investment gains:
Realized from actual transactions and impairments
85.3
37.4
Unrealized from changes in fair value of equity securities
116.4
17.6
Total net investment gains
201.8
55.0
Total revenues
2,399.4
2,114.0
Operating expenses:
Loss and loss adjustment expenses
840.2
777.7
8.0
Underwriting, acquisition, and other expenses
1,128.0
1,010.7
11.6
Interest and other charges
17.7
17.8
(0.5)
Total expenses
1,986.0
1,806.3
10.0 %
Pretax income
413.4
307.7
Income taxes
83.8
61.6
Total net income
329.5
246.1
Net income (loss) attributable to noncontrolling interests
(0.5)
1.1
Net income attributable to shareholders
$ 330.0
$ 245.0
COMMON STOCK STATISTICS:
Components of net income per share:
Basic net income excluding investment gains
$ 0.70
$ 0.83
(15.1) %
Net investment gains:
Realized investment gains
0.28
0.12
Unrealized from changes in fair value of equity securities
0.38
0.06
Basic net income
$ 1.36
$ 1.01
Diluted net income excluding investment gains
$ 0.68
$ 0.81
(15.4) %
Net investment gains:
Realized investment gains
0.27
0.12
Unrealized from changes in fair value of equity securities
0.37
0.05
Diluted net income
$ 1.32
$ 0.98
Dividends declared on common stock
$ 0.315
$ 0.290
8.6 %
The information presented in the following table highlights the most meaningful indicators of Old Republic's segmented and consolidated financial performance. The information underscores the performance of the Company's operating companies, as well as the sound investment of their capital and underwriting cash flows.
Sources of Consolidated Income
Quarters Ended March 31,
2026
2025
% Change
Net premiums and fees earned:
Specialty Insurance
$ 1,291.8
$ 1,233.6
4.7 %
Title Insurance
677.8
605.1
12.0
Corporate & Other
2.4
2.2
7.6
Consolidated
$ 1,972.2
$ 1,841.0
7.1 %
Underwriting income (loss): (a)
Specialty Insurance
$ 67.2
$ 126.1
(46.7) %
Title Insurance
(0.5)
(12.2)
95.2
Corporate & Other
(15.4)
(14.0)
(9.4)
Consolidated
$ 51.2
$ 99.8
(48.7) %
Net investment income:
Specialty Insurance
$ 158.1
$ 150.0
5.4 %
Title Insurance
17.4
16.7
4.4
Corporate & Other
2.4
3.9
(38.1)
Consolidated
$ 178.0
$ 170.7
4.3 %
Interest and other charges:
Specialty Insurance
$ 16.2
$ 16.0
Title Insurance
0.1
0.1
Corporate & Other (b)
1.3
1.6
Consolidated
$ 17.7
$ 17.8
(0.5) %
Pretax income (loss) excluding investment gains:
Specialty Insurance
$ 209.0
$ 260.1
(19.6) %
Title Insurance
16.7
4.3
284.5
Corporate & Other
(14.3)
(11.8)
(21.1)
Consolidated
211.5
252.7
(16.3) %
Income taxes
41.4
49.8
Net income excluding investment gains
170.0
202.8
(16.2) %
Consolidated pretax investment gains:
Realized from actual transactions and impairments
85.3
37.4
Unrealized from changes in fair value of equity securities
116.4
17.6
Total
201.8
55.0
Income taxes
42.4
11.7
Net of tax investment gains
159.4
43.2
Total net income
329.5
246.1
Net income (loss) attributable to noncontrolling interests
(0.5)
1.1
Net income attributable to shareholders
$ 330.0
$ 245.0
(a) Includes related services.
(b) Includes consolidation/elimination entries.
Specialty Insurance Segment Operating Results
Quarters Ended March 31,
2026
2025
% Change
Revenues:
Net premiums written
$ 1,315.3
$ 1,272.0
3.4 %
Net premiums earned
1,291.8
1,233.6
4.7
Other income
47.1
47.1
0.2
Expenses:
Loss and loss adjustment expenses
821.9
761.0
8.0
Underwriting, acquisition, and other expenses
449.9
393.5
14.3
Segment underwriting income
67.2
126.1
(46.7)
Add: Net investment income
158.1
150.0
5.4
Less: Interest and other charges
16.2
16.0
1.7
Segment pretax operating income
$ 209.0
$ 260.1
(19.6) %
Loss ratio:
Current year
65.2 %
65.0 %
Prior years
(1.6)
(3.3)
Total
63.6
61.7
Expense ratio
31.2
28.1
Combined ratio
94.8 %
89.8 %
Specialty Insurance net premiums earned increased 4.7%. Growth was driven by a combination of premium rate increases and new business production, including an increasing contribution from new operating companies, partially offset by a decline in renewal retention ratios. Retention ratios were affected by the continued prioritization of rate, in particular within commercial auto and general liability lines where significant rate increases were achieved. Premium growth was most pronounced within commercial auto, property, accident & health, and general liability coverages while the most notable decline came from Canadian travel accident and trucking.
The net investment income increase was driven by a higher invested asset base, along with higher investment yields earned.
The Specialty Insurance loss ratio is higher due to lower levels of favorable prior year loss reserve development while the current year loss ratio remained consistent. Favorable prior year development came predominately from commercial auto, workers' compensation, and property, partially offset by modest unfavorable development in general liability. The expense ratio is elevated due to continued investments in start-up operating companies which are not at scale, information technology modernization, data analytics, and artificial intelligence, including the additional personnel costs to manage all of these key initiatives. Several of the information technology modernization efforts are entering a phase in which costs are being amortized while the systems being replaced are not yet decommissioned.
Together, these factors produced a profitable combined ratio and strong pretax operating income. For Specialty Insurance, combined ratios between 90% and 95% are targeted over a full underwriting cycle, recognizing that quarterly and annual ratios and trends may deviate from this range, particularly with long-tailed lines of coverage.
Old Republic's previously announced proposed acquisition of Everett Cash Mutual Insurance Co. (ECM) and affiliated companies following its conversion to a stock company in a sponsored demutualization transaction has received regulatory approval, and is expected to close early in the third quarter 2026 upon receipt of policyholder approval and completion of all customary and regulatory closing conditions. Upon closing, ECM will be reported within the Specialty Insurance segment operating results.
Title Insurance Segment Operating Results
Quarters Ended March 31,
2026
2025
% Change
Revenues:
Net premiums earned
$ 618.9
$ 546.9
13.2 %
Title, escrow, and other fees
58.9
58.1
1.3
Net premiums and fees earned
677.8
605.1
12.0
Other income
0.1
0.1
N/M
Expenses:
Loss and loss adjustment expenses
17.4
16.0
8.7
Underwriting, acquisition, and other expenses
661.1
601.4
9.9
Segment underwriting loss
(0.5)
(12.2)
95.2
Add: Net investment income
17.4
16.7
4.4
Less: Interest and other charges
0.1
0.1
N/M
Segment pretax operating income
$ 16.7
$ 4.3
284.5 %
Loss ratio:
Current year
3.7 %
3.5 %
Prior years
(1.1)
(0.8)
Total
2.6
2.7
Expense ratio
97.5
99.4
Combined ratio
100.1 %
102.1 %
Title Insurance net premiums and fees earned increased 12.0% for the quarter. Both agency and directly produced premiums experienced solid growth and strong commercial business production. Commercial premiums represented 27% of net premiums earned compared to 24% in the first quarter of last year. Title, escrow, and other fees were up slightly, as the decrease in fees from the sale of certain technology platforms in the first quarter 2025 was offset by growth in escrow and closing service fees.
Net investment income increased primarily due to higher investment yields earned on a slightly higher invested asset base.
The Title Insurance loss ratio remained consistent with last year, reflecting a higher level of favorable prior year loss reserve development offset by slightly higher current year losses. The expense ratio continues to benefit from expense management and scale, partially offset by a higher amount of agent commissions primarily due to greater amounts of agency business compared to the direct operation.
Together, these factors produced higher pretax operating income. For Title Insurance, combined ratios between 90% to 95% are targeted over a full underwriting cycle, recognizing that quarterly and annual ratios and trends may deviate from this range. Although Title Insurance has been navigating a difficult real estate environment over the last few years resulting in ratios in excess of this range, they continue to strive to come into range in the near term.
Corporate & Other Operating Results
Quarters Ended March 31,
2026
2025
% Change
Net premiums earned
$ 2.4
$ 2.2
7.6 %
Net investment income (a)
2.4
3.9
(38.1)
Operating revenues
4.8
6.2
(21.5)
Operating expenses
19.1
18.0
6.4
Corporate & Other pretax operating loss
$ (14.3)
$ (11.8)
(21.1) %
(a) Net of elimination entries.
Corporate & Other includes a small life and accident insurance business, the parent holding company, and several internal corporate services subsidiaries. Net investment income was impacted by a lower invested asset base due to the return of capital to shareholders, including the January 2026 special dividend payment.
Consolidated Balance Sheets
March 31,
December 31,
2026
2025
Assets:
Fixed income securities (at fair value)
$ 12,802.6
$ 12,709.8
Equity securities (at fair value)
2,527.7
2,487.7
Short-term investments (at fair value which approximates cost)
1,044.9
1,613.6
Other investments
18.2
27.7
Cash
202.1
263.2
Accrued investment income
129.9
141.1
Accounts and notes receivable
2,783.3
2,782.2
Reinsurance balances and funds held
403.0
404.5
Reinsurance recoverable
7,942.8
7,740.2
Deferred policy acquisition costs
659.1
636.2
Other assets
1,081.9
1,055.9
Total assets
$ 29,596.0
$ 29,862.7
Liabilities and Equity:
Loss and loss adjustment expense reserves
$ 14,954.8
$ 14,775.7
Unearned premiums
4,099.5
3,982.5
Other policyholders' benefits and funds held
176.6
177.8
Commissions, expenses, fees, and taxes
553.2
601.8
Reinsurance balances and funds held
1,440.8
1,428.0
Federal income tax: Deferred
210.6
219.3
Debt
1,590.2
1,589.9
Other liabilities
644.6
1,158.7
Total liabilities
23,670.5
23,934.2
Total shareholders' equity
5,911.9
5,914.0
Noncontrolling interests
13.4
14.4
Total equity
5,925.4
5,928.4
Total liabilities and equity
$ 29,596.0
$ 29,862.7
Investments
As of March 31, 2026, the consolidated investment portfolio reflected an allocation of approximately 85% to fixed income securities (bonds and notes) and short-term investments, and 15% to equity securities (common and preferred stocks). The investment management process remains focused on retaining quality investments that produce consistent streams of investment income, while monitoring concentration limits among the operating companies. The fixed income portfolio continues to be the anchor for the operating companies' obligations. The maturities of the fixed income securities are generally matched to the expected liabilities for claim payment obligations to policyholders and their beneficiaries. The equity portfolio consists of high-quality common stocks of U.S. companies with long-term records of reasonable earnings growth and steadily increasing dividends.
Old Republic's investment portfolio is focused on ensuring solid funding of the operating companies' obligations to policyholders and their beneficiaries, as well as the long-term stability of the subsidiaries' capital base. For these reasons, the investment portfolio has extremely limited exposure to high risk or illiquid asset classes such as limited partnerships, derivatives, hedge funds or private equity investments. In addition, the Company does not engage in hedging or securities lending transactions, nor does it invest in securities with values predicated on non-regulated financial instruments with unfunded counter-party risk attributes. Old Republic performs regular stress tests of the investment portfolio to gain reasonable assurance that periodic downdrafts in market prices do not undermine the Company's financial strength.
Shareholders' Equity Per Share
Changes in shareholders' equity per share are reflected in the following table. These changes resulted mostly from net operating income, realized and unrealized investment gains (losses), and dividends to shareholders declared during the year.
Quarters Ended Mar. 31,
2026
2025
Beginning balance
$ 24.21
$ 22.84
Changes in shareholders' equity:
Net income excluding net investment gains
0.70
0.83
Net of tax realized investment gains
0.28
0.12
Net of tax unrealized investment gains (losses):
Fixed income securities
(0.47)
0.46
Equity securities
0.38
0.06
Total net of tax realized and unrealized investment gains
0.19
0.64
Dividends declared
(0.315)
(0.290)
Other – net
(0.26)
0.17
Net change
0.32
1.35
Ending balance
$ 24.53
$ 24.19
Change for the period
1.3 %
5.9 %
Change for the period, inclusive of dividends declared
2.6 %
7.2 %
Total capital returned to shareholders during the quarter was $237.5, comprised of $76.7 in dividends and $160.7 in share repurchases.
Financial Supplement
A financial supplement to this news release is available on the Company's website: www.oldrepublic.com
Conference Call Information
Old Republic has scheduled a conference call at 3:00 p.m. ET (2:00 p.m. CT) today to discuss its first quarter 2026 performance and to review major operating trends and business developments. The call can be accessed live on Old Republic's website at www.oldrepublic.com or by dialing 1-800-715-9871, passcode 8649152. Interested parties may also listen to a replay of the call through April 30, 2026 by dialing 1-800-770-2030, passcode 8649152, or by accessing it on Old Republic's website.
About Old Republic
Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.
Forward-Looking Statements
Some of the oral or written statements made in the Company's reports, press releases, and conference calls following earnings releases, can constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally include words such as "expect," "predict," "estimate," "will," "should," "anticipate," "believe," and similar expressions. Any such forward-looking statements involve assumptions, uncertainties, and risks that may affect the Company's future performance.
Historical data pertaining to the operating results, liquidity, and other performance indicators applicable to an insurance enterprise such as Old Republic are not necessarily indicative of results to be achieved in succeeding years. In addition to the factors cited below, the long-term nature of the insurance business, seasonal and annual patterns in premium production and incidence of claims, changes in yields obtained on invested assets, changes in government policies and free markets affecting inflation rates and general economic conditions, and changes in legal precedents or the application of law affecting the settlement of disputed and other claims can have a bearing on period-to-period comparisons and future operating results.
Old Republic's Specialty Insurance segment results can be affected by the level of market competition, which is typically a function of available capital and expected returns on such capital among competitors; general economic considerations, including the levels of investment yields, inflation rates, and the impacts of tariffs; periodic changes in claim frequency and severity patterns caused by natural disasters, weather conditions, accidents, illnesses, and work-related injuries; claims development and the impact on loss reserves; adequacy and availability of reinsurance; uncertainties in underwriting and pricing risks; and unanticipated external events. Old Republic's Title Insurance segment results can be affected by similar factors, and by changes in national and regional housing demand and values, the availability and cost of mortgage loans, and employment trends. Life and accident insurance earnings can be affected by the levels of employment and consumer spending, changes in mortality and health trends, and alterations in policy lapsation rates. At the parent holding company level, operating earnings or losses are generally reflective of the amount of debt outstanding and its cost, interest income, the levels of investments held, and period-to-period variations in the costs of administering the Company's widespread operations. In addition, results could be particularly affected by technology and security breaches or failures, including cybersecurity incidents.
A more detailed listing and discussion of the risks and other factors which affect the Company's risk-taking insurance business are included in Part I, Item 1A - Risk Factors, of the Company's 2025 Form 10-K, and the various risks, uncertainties, and other factors that are included from time to time in other Securities and Exchange Commission filings.
Any forward-looking statements or commentaries speak only as of their dates. Old Republic undertakes no obligation to publicly update or revise any and all such comments, whether as a result of new information, future events or otherwise, and accordingly they may not be unduly relied upon.
At Old Republic:
At Financial Relations Board:
Craig R. Smiddy, President and Chief Executive Officer
Analysts/Investors: Joe Calabrese/[email protected]
Old Republic International (ORI - Free Report) came out with quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -13.38%. A quarter ago, it was expected that this insurance underwriter would post earnings of $0.89 per share when it actually produced earnings of $0.74, delivering a surprise of -16.85%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Old Republic, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $2.2 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 3.18%. This compares to year-ago revenues of $2.06 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Old Republic shares have lost about 7.8% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for Old Republic?While Old Republic has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Old Republic was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.81 on $2.39 billion in revenues for the coming quarter and $3.25 on $9.72 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Multi line is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Markel Group (MKL - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026.
This insurer is expected to post quarterly earnings of $26.38 per share in its upcoming report, which represents a year-over-year change of +2.6%. The consensus EPS estimate for the quarter has been revised 6% higher over the last 30 days to the current level.
Markel Group's revenues are expected to be $3.7 billion, up 4.3% from the year-ago quarter.
Old Republic International (ORI - Free Report) reported $2.2 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 6.7%. EPS of $0.68 for the same period compares to $0.81 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.27 billion, representing a surprise of -3.18%. The company delivered an EPS surprise of -13.38%, with the consensus EPS estimate being $0.79.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Old Republic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Specialty Insurance Segment - Loss Ratio: 63.6% compared to the 63.5% average estimate based on two analysts.Specialty Insurance Segment - Expense Ratio: 31.2% versus 28.5% estimated by two analysts on average.Title Insurance Segment - Combined Ratio: 100.1% versus the two-analyst average estimate of 100.7%.Title Insurance Segment - Loss Ratio: 2.6% compared to the 2.5% average estimate based on two analysts.Operating Revenue- Specialty Insurance Segment- Net premiums earned: $1.29 billion versus $1.37 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.Operating Revenue- Specialty Insurance Segment- Net investment income: $158.1 million versus $158.29 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.Operating Revenue- Specialty Insurance Segment- Other income: $47.1 million versus $48.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a 0% change.Operating Revenue- Corporate & Other: $4.8 million compared to the $6.25 million average estimate based on two analysts. The reported number represents a change of -22.6% year over year.Operating Revenue- Title Insurance Segment- Net investment income: $17.4 million versus the two-analyst average estimate of $18.04 million. The reported number represents a year-over-year change of +4.2%.Operating Revenue- Specialty Insurance Segment: $1.5 billion versus the two-analyst average estimate of $1.58 billion. The reported number represents a year-over-year change of +4.6%.Operating Revenue- Title Insurance Segment: $695.2 million versus the two-analyst average estimate of $685.85 million. The reported number represents a year-over-year change of +11.8%.Operating Revenue- Title Insurance Segment- Net premiums earned: $618.9 million versus the two-analyst average estimate of $667.76 million. The reported number represents a year-over-year change of +2.3%.View all Key Company Metrics for Old Republic here>>>
Shares of Old Republic have returned +6.9% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
, /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced a brand refresh that highlights the specialty expertise and collective strength of its operating companies. The refresh introduces a modernized corporate logo and an expanded visual system that enhances consistency and clarity with customers and distribution partners. These updates are incorporated into its website at www.oldrepublic.com, highlighting the breadth of Old Republic's operating companies and the specialty expertise each brings to its respective market.
As part of the update, operating companies will adopt Old Republic's modernized logo and visual changes. In addition, several operating companies will adopt updated brand names that reflect their identities while emphasizing their shared connection within Old Republic's decentralized environment. These include:
Old Republic Commercial Risk, formerly known as PMA Companies Old Republic Bitco, formerly known as BITCO Insurance Companies Great West, An Old Republic Company, formerly known as Great West Casualty Company Old Republic Alternative Markets, formerly known as Old Republic Specialty Insurance Underwriters Old Republic Home Warranty, formerly known as Old Republic Home Protection Old Republic Auto Warranty, formerly known as Old Republic Insured Automotive Services Implementation will roll out throughout the year, including updates to marketing materials, digital properties, signage, business correspondence, and certain legal entity names.
None of the newly announced changes will affect the insurance companies listed on policies, which will retain their existing insurance company names.
Old Republic's refreshed brand will be officially launched at RISKWORLD, sponsored by RIMS, running May 3-6 in Philadelphia. At this key industry event, and throughout the 2026 rollout, Old Republic will highlight its unique collection of specialty operating companies brought together under a common brand identity that reinforces our collective strength.
About Old Republic
Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500®, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies offer significant expertise in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.
At Old Republic:
At Financial Relations Board:
Craig R. Smiddy: President and Chief Executive Officer
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Old Republic International Corporation (NYSE: ORI) today announced its Board of Directors has declared a regular quarterly dividend of 31.5 cents per share. This dividend is payable on June 15, 2026 to shareholders of record on June 5, 2026. Subject to Board approval of each quarter's new rate, the full year's dividend will amount to $1.26 per share compared to $1.16 per share paid in 2025, an 8.6% increase.
2026 marks the 45th consecutive year that Old Republic has increased its regular dividend and the 85th year of uninterrupted regular dividend payments.
About Old Republic
Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500®, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies offer significant expertise in their fields, enabling us to provide tailored solutions that set us apart. For more information, please visit www.oldrepublic.com.
At Old Republic:
At Financial Relations Board:
Craig R. Smiddy: President and Chief Executive Officer
Dividend Power strategy targets 35 high-yield, low-valuation stocks, with six 'safer' picks showing free cash flow yields exceeding dividend yields. Top ten Dividend Power stocks project average net gains of 50.29% by June 2027, with analyst targets supporting substantial upside potential. Nine of the top ten yielding names are financials, with MFA Financial, Invesco Mortgage Capital, and Chicago Atlantic Real Estate among the highest projected returns.
On May 12, 2026, Huntington Ingalls Industries Inc (HII) shares rose 5.5% to a current price of $333.56. This move comes amid a 52-week range that has seen the
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
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VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
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As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
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Stock to Watch: Huntington Ingalls (HII - Free Report) Based in Newport News, VA, Huntington Ingalls Industries designs, builds and maintains nuclear-powered ships such as aircraft carriers and submarines, and non-nuclear ships, such as surface combatants, expeditionary warfare/amphibious assault and coastal defense surface ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe.
HII is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 19.49; value investors should take notice.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.04 to $17.29 per share. HII boasts an average earnings surprise of +10.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, HII should be on investors' short list.
MCLEAN, Va., May 15, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII), in partnership with MetalCraft Marine, has delivered and sea tested two unmanned surface vessels (USV) awarded in a Defense Innovation Unit (DIU) contract for smaller form factor autonomous boat prototypes for the U.S. Marine Corps.
The two ROMULUS-25 autonomous USVs were delivered in December 2025 and supported successful testing and demonstration of advanced autonomous mission behaviors at sea.
“Successfully delivering on this prototype contract with the Defense Innovation Unit and the U.S. Marine Corps is a strong recognition of HII’s deep experience and the maturity of our proven autonomous technologies,” said Andy Green, executive vice president of HII and president of HII’s Mission Technologies division. “The ROMULUS-25, powered by our Odyssey autonomy suite, builds on thousands of hours of successful at-sea operations and demonstrates how scalable, AI-enabled unmanned systems can extend the reach, endurance, and effectiveness of naval forces.”
The ROMULUS-25 is a 27-foot high-speed interceptor vessel designed to deliver up to 1,000 pounds of payload with a range of up to 1,000 nautical miles. Fully capable of autonomous operation, the vessel is powered by HII’s Odyssey AI-based autonomy system, which integrates multiple sensors and effectors to enable coordinated, cross-domain maritime operations in support of the U.S. Marine Corps, as well as U.S. and allied navies.
Photos accompanying this release are available at: http://hii.com/news/hii-metalcraft-marine-deliver-next-generation-autonomous-usv-prototypes-for-us-marine-corps/,
Over the past five years, Odyssey autonomy has been validated through more than 2,200 hours of autonomous operations during government-led tests and exercises.
Odyssey autonomy has been deployed on more than 30 platforms, accumulating over 12,000 hours of successful at-sea operations. Its modular open systems architecture (MOSA), service-based design enables integration with the HII Minotaur targeting network, enhancing mission-level operations and edge capabilities through AI-based contact recognition and identification.
The ROMULUS-25 is part of HII’s broader family of USVs, which range from 7-foot micro-USVs to the ROMULUS-190, a 190-foot aluminum USV capable of carrying multiple containerized payloads.
The successful execution of this award represents one of several ongoing commitments by HII and MetalCraft Marine to advance hybrid manned-unmanned fleet capabilities and enable next-generation autonomous operations in support of naval missions worldwide.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:
When President Donald Trump first proposed that the U.S. Navy build a fleet of battleships, military analysts were skeptical. Although optimists predicted U.S. contractors might be able to build the lead ship of the class, USS Defiant, for as little as $9 billion, the defense and security experts at Janes thought $14 billion was more likely.
Turns out, they were both wrong -- Defiant will cost $17 billion.
And building 15 Defiant-class warships might cost U.S. taxpayers an incredible $255 billion.
Image source: U.S. Navy.
Military math Actually, that's probably an overstatement, albeit an easy mistake to make. Working off defense analyst reports that the first Defiant would cost $17 billion, media outlets such as MSN.com consulted their calculators last week and concluded that 15 times $17 billion equals the entire fleet costing $255 billion.
It's not quite that simple.
According to the Department of Defense's fiscal year 2027 budget estimates, the U.S. Navy has requested $1 billion in fiscal 2027 to fund long-lead equipment acquisition needed to build the first Defiant-class vessel. Similar long-lead equipment purchases for the second and third vessels will total $2.5 billion, running from fiscal 2028 through 2031.
Those are just the down payments, however. A further $16.5 billion must be spent to complete the first Defiant-class warship in fiscal 2028, followed by $12.5 billion for the second (in 2030) and $11 billion for the third (in 2031).
Thus, the total money spent to build the first three Golden Battleships comes to $43.5 billion, or approximately $14.5 billion per battleship -- roughly the same amount it costs to build a Ford-class aircraft carrier -- and as more ships are built at prices below that of the very first ship, the average cost should slowly drift lower.
What it means for investors Best case, we're still probably talking about more than $200 billion in total spending to build a fleet of 15 nuclear battleships. (Did I not mention that? In an evolution of earlier plans, it appears the Navy has shifted its wish list and now wants the Defiant-class battleships to run on uranium rather than diesel.)
Today's Change
(
0.32
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Current Price
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$200 billion is still a lot of money, though. Plus, if you're an investor in either General Dynamics (GD +0.32%) or Huntington Ingalls (HII 0.95%), the two big defense contractors most likely to win battleship contracts, it's worth keeping in mind that purchase cost is just the start of the revenue opportunity. Defiant-class battleships may ultimately cost more to maintain and upgrade over their lifespans than it costs to buy them in the first place.
Today's Change
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At the same time, so long as these companies stick to the budgets the Navy gives them, the fact that a battleship will cost no more than an aircraft carrier and that costs will fall over time should give this weapons program a fighting chance of surviving Congress long enough for the fleet to be built.
With both General Dynamics and Huntington Ingalls trading around 21 times earnings and facing a big revenue opportunity ahead of them, it may be time to give these two defense stocks a closer look.
FARNBOROUGH, United Kingdom, May 20, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) is showcasing its role as America’s largest military shipbuilder and a global leader in autonomous unmanned maritime systems at the Combined Naval Event (CNE) 2026, taking place May 19–21 at the Farnborough International Exhibition Centre in the United Kingdom.
At CNE 2026, HII features exhibits and executive presentations highlighting the company’s expertise in unmanned maritime systems, autonomous operations, manned-unmanned teaming, and scalable production of next-generation undersea and surface platforms.
HII is also underscoring its role in designing, developing and operating the largest live, virtual, constructive (LVC) enterprise preparing warfighters for cross-domain battle with advanced technologies to enable mission readiness. HII partners with military experts to combine vendor-agnostic tools and operational experiences for an integrated LVC environment that maintains tactical realism, even as the scope or battlespace changes.
A photo accompanying this release is available at: http://hii.com/news/hii-showcases-next-generation-autonomous-unmanned-maritime-and-lvc-capabilities-at-combined-naval-event-2026/
“HII is proud to be a partner to the U.S. Navy, Royal Navy, NATO allies, and international partners in supporting the growing need for autonomous capabilities and mission enabling technologies in naval operations across both the undersea and surface domains,” said Duane Fotheringham, president of the Unmanned Systems group in HII’s Mission Technologies division. “Our autonomous maritime systems are operating today in some of the world’s most demanding environments, and we continue to advance capabilities that extend mission reach, improve fleet survivability, and strengthen allied interoperability across the maritime domain.”
HII’s exhibit and presentations feature the company’s expanding portfolio of autonomous maritime technologies, including the REMUS family of unmanned underwater vehicles (UUVs) and the ROMULUS family of AI-enabled unmanned surface vessels (USVs) as well as HII’s Odyssey Autonomous Control System (ACS) software suite.
This year marks the 25th anniversary of the REMUS UUV family, widely recognized as the world’s leading autonomous underwater vehicle platform supporting defense, commercial, and scientific missions worldwide. HII has delivered more than 750 REMUS vehicles to over 30 countries, including 14 NATO members, with more than 90% of systems remaining operational after more than two decades of service.
HII’s Odyssey ACS software suite has demonstrated successful performance in U.S. Navy, U.S. Marine Corps, U.S. Coast Guard, and international allied programs. Odyssey’s intuitive interface and enhanced, customizable features generate the required mission behaviors for greater lethality and survivability with simplified control of unmanned swarms across domains, making it a force multiplier for the modern fleet.
HII is also highlighting several recent milestones demonstrating the rapid advancement of autonomous naval capabilities, including:
A recent U.S. Defense Innovation Unit (DIU) contract award to deliver a submarine Torpedo Tube Launch and Recovery (TTLR) system designed to autonomously deploy and recover HII’s REMUS UUVs from U.S. Navy submarines.Successful forward-deployed torpedo tube launch and recovery operations of an HII-built REMUS 600 UUV from USS Delaware (SSN 791), marking a significant advancement in autonomous manned-unmanned teaming for intelligence, surveillance, and reconnaissance (ISR) missions.Expansion of HII’s unmanned systems presence in Europe through the recently enlarged Portchester, U.K., facility, which serves as a regional hub supporting allied naval customers, sustainment operations, training, and future deployment of autonomous systems.Continued progress toward scaled production of HII’s ROMULUS USV family, including construction of multiple ROMULUS 151 vessels and development of advanced manufacturing initiatives designed to accelerate delivery of autonomous maritime capability to allied fleets. HII is a leader in integrating manned-unmanned maritime teaming and mission-enabling technologies to address rapidly evolving operational requirements for U.S. and allied naval forces.
This includes the ongoing collaboration with Babcock International Group to integrate autonomous launch and recovery capabilities for UUVs through submarine torpedo tubes, and Babcock’s ARMOR (Autonomous and Remote, Maritime Operational Response) Force initiative, developed to support the U.K. Royal Navy’s next-generation autonomous and crewed maritime programs. The ARMOR Force features integration of HII’s AI-enabled ROMULUS family of USVs as part of future autonomous fleet capabilities.
HII’s autonomous maritime systems support a broad range of missions, including mine countermeasures, ISR, seabed warfare, hydrographic survey, counter-unmanned systems operations, strike missions, and launch and recovery of unmanned aerial and underwater vehicles.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:
NEWPORT NEWS, Va., May 21, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) will participate in Bernstein’s Strategic Decisions Conference on May 28. A conversation with HII President and Chief Executive Officer Chris Kastner will begin at 9 a.m. Eastern time and will be webcast on ir.hii.com.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Christie Thomas (Investors) [email protected]
757-380-2104
What:HII invites journalists to attend its second annual DefenseTech LIVE event on Wednesday, June 10, 2026, in Alexandria, Virginia. This is an in-person online event. There is no online access. When: 8:30 a.m. to 3 p.m. Eastern time on Wednesday, June 10, 2026 Where:Hilton Alexandria Mark Center
5000 Seminary Road
Alexandria, Virginia 22311 RSVP:Please RSVP to [email protected] Journalist attendance at the event is contingent upon prior confirmation and approval by HII.
Details:DefenseTech LIVE will bring together government and industry leaders to discuss emerging developments in defense technology, including autonomy, unmanned systems, cyber, electronic warfare, and mission enabling technologies. Attendees will also have the opportunity to experience technology demonstrations and engage directly with the teams developing and supporting these capabilities.More details and agenda: https://www.hii.com/events/defensetechlive2026#agenda
The event comes as HII continues to expand its national security and technology portfolio to accelerate the delivery of mission-enabling technologies and operational capabilities for the U.S. military and allied partners. The company is investing in developmental programs focused on field-ready systems that can be rapidly integrated, scaled, and deployed to meet evolving operational requirements.
HII’s investments are aligned with key U.S. Department of War priorities, including distributed operations, modular open systems approaches (MOSA), and rapid capability insertion across contested environments.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
PASCAGOULA, Miss., May 22, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division will host an on-site hiring event for experienced trade workers from 8 a.m. to noon, Saturday, June 6, at the Ingalls Maritime Training Academy, 1000 Jerry St. Pé Highway, Pascagoula.
“Meeting the U.S. Navy’s critical shipbuilding needs begins with a highly skilled workforce, and there has never been a better time to join the Ingalls team,” said Susan Jacobs, Ingalls Shipbuilding vice president of human resources. “With shipbuilding contracts extending years into the future, we are expanding our workforce and looking for experienced trades professionals who want to help build the finest ships in the country and grow their careers.”
Attendees will have the opportunity to meet directly with hiring managers, learn more about careers at Ingalls, and qualified applicants may receive contingent job offers on-site. Candidates are encouraged to bring a resume and any relevant certifications.
A photo and video accompanying this release is available at: http://hii.com/news/ingalls-shipbuilding-to-host-on-site-skilled-trades-hiring-event-june-6/.
Ingalls offers competitive weekly pay, with experienced trades earning more than $75,000 annually, plus holiday pay, medical plan options and access to financial wellness and career support services. In March, the company implemented an 18% base wage increase for all union‑represented crafts, including new hires. These benefits provide competitive pay, stability and opportunities for career growth.
Ingalls is hiring experienced trades in the following areas:
Electricians Pipe Insulators Inside Machinists Pipe Welders Joiners Sheetmetal Outside Machinists Shipfitters Painters Structural Welders Pipefitters Registration is now open, and candidates can sign up at https://www.eventbrite.com/e/ingalls-shipbuilding-experienced-hiring-event-tickets-1989399378093?aff=oddtdtcreator&keep_tld=true
With more than 11,000 employees, Ingalls Shipbuilding is Mississippi’s largest manufacturing employer and a key part of the Gulf Coast economy. For 87 years, Ingalls Shipbuilding has designed, built, and maintained the Navy’s surface combatants and amphibious ships. Today the team is constructing three classes of ships, modernizing the Zumwalt class and supporting the Navy’s Golden Fleet strategy. Ingalls was recently awarded to perform FF(X) class frigate lead yard support activities, further expanding its portfolio of work.
For more information or to view entry-level openings, visit hii.com/careers and select Ingalls Shipbuilding.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Contact:
President Trump told Fox Business this week he would hold the line on Iran sanctions. “No we’re not talking about easing of sanctions, or giving them money, no sanctions no money, no nothing, they are starting to give us what they have to give us, if they do, that is great if they won’t, man on my left will finish them off,” with the Secretary of Defense seated beside him, he addressed the Strait of Hormuz, where 35% of global oil flows and through which Iran has tried to impose transit tolls: “It is international waters, no one controls it, we’ll watch over it, but no one will control it that is part of the negotiations that we have.”
Meanwhile, oil markets read that as de-escalation. West Texas Intermediate settled below $89 per barrel, a six-week low, even as the hardline stance suggests the risk premium is being unwound prematurely. Polymarket traders agree with the skeptics: the “Trump agrees to Iranian oil sanction relief by May 31” contract trades at $0.15, with the asset-unfreeze contract at $0.14 and the Strait of Hormuz transit-fees contract at roughly $0.0155. April’s identical contracts all resolved NO.
What the oil majors actually showed Exxon Mobil (NYSE:XOM | XOM Price Prediction) absorbed the disruption head-on. Q1 2026 Adjusted EPS came in at $1.16 versus $1.01 expected, but reported net income fell to $4.18 billion after $706 million in Middle East supply-disruption losses and $3.88 billion in unfavorable mark-to-market derivative timing. Underlying earnings rose to $8.77 billion.
CEO Darren Woods, per the company’s Q1 8-K, called the quarter a stress test the company passed. Production hit 4.6 million boe/d with Guyana above 900,000 gross bpd. XOM shares slid 7% over the past week to $147, though they remain up 20% year to date.
Moreover, Chevron (NYSE:CVX) posted adjusted EPS of $1.41 versus $0.97, with production up 15% to 3,858 MBOED on the Hess acquisition and record US output above 2 million bpd. Curtailments in Israel and the Partitioned Zone were offset by Tamar and Leviathan expansion startups. CVX has dropped 5.5% in the last week on the Iran-thaw narrative. Both names are buying back stock aggressively: Exxon has $20 billion planned for 2026, Chevron repurchased $2.5 billion in Q1.
The defense complex is the cleaner trade If the blockade is working as intended, with Iran “put oil in tubs and pots and pans they don’t have places to store their oil,” the munitions math is straightforward. RTX (NYSE:RTX) posted Q1 adjusted EPS of $1.78 versus $1.52, with Raytheon segment operating profit up 25% on Patriot and naval munitions demand. Backlog stands at $271 billion. Management raised FY26 guidance to sales of $92.5 to $93.5 billion. The stock trades at a forward P/E of 26x.
Lockheed Martin (NYSE:LMT) signed multiyear framework agreements with the Department of War expected to lift Patriot, THAAD, and PrSM production rates three to four times. EPS missed at $6.44 versus $6.70, free cash flow was negative $291 million, but FY26 guidance held at $77.5 to $80 billion in sales. Huntington Ingalls, the carrier and submarine yard, grew Q1 revenue 13.3% with backlog at $54 billion.
The purest geopolitical play sold off anyway Frontline (NYSE:FRO), the Cyprus-based tanker operator, posted Q1 EPS of $2.51 versus $1.58 expected, with net margins of 40.2%. Management attributed the blowout directly to “unprecedented TCE rates resulting from significant disruptions caused by the Strait of Hormuz closure.” Shares fell 11% this past week, though they remain up 67.95% year to date. The forward P/E is 5x, and the dividend yield runs near 8.83%, both functions of the cyclical bet markets are now hedging.
What to watch The EIA’s May Short-Term Energy Outlook forecasts Brent at around $106 per barrel in May and June, dropping to $89 in Q4 2026 and $79 in 2027 as Hormuz traffic gradually resumes. The WTI move below $89 is running ahead of agency forecasts.
That said, with global oil inventories drawing 8.5 million b/d in 2Q26, any military incident, and Iran laying mines during ceasefire negotiations, snaps the premium back hard. Retirement investors holding XOM and CVX for the dividend already own the option. The defense names are the bet that the blockade outlasts the deal.
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Stock to Watch: Huntington Ingalls (HII - Free Report) Based in Newport News, VA, Huntington Ingalls Industries designs, builds and maintains nuclear-powered ships such as aircraft carriers and submarines, and non-nuclear ships, such as surface combatants, expeditionary warfare/amphibious assault and coastal defense surface ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe.
HII is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 17.79; value investors should take notice.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.07 to $17.32 per share. HII also boasts an average earnings surprise of +10.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, HII should be on investors' short list.
MCLEAN, Va., June 01, 2026 (GLOBE NEWSWIRE) -- Statement by Andy Green, executive vice president of HII and president of HII’s Mission Technologies division, on the U.S. Navy’s selection of HII’s ROMULUS Unmanned Surface Vessel to advance to the at-sea testing phase of the Medium Unmanned Surface Vessel (MUSV) program:
“HII is proud that ROMULUS USV has advanced to the U.S. Navy’s Medium Unmanned Surface Vessel evaluation phase, a milestone that reflects HII’s longstanding track record for delivering mission-ready autonomous capabilities that support the U.S. Navy’s evolving operational requirements.
“At the core of the ROMULUS USV is HII’s extensive experience as a global leader in autonomous unmanned maritime systems, combined with HII’s Odyssey Autonomous Control Solutions, a proven autonomy software suite and a key differentiator of our solution. Demonstrated across programs supporting the U.S. Navy, U.S. Marine Corps, U.S. Coast Guard, and allied partners, Odyssey enables intuitive command and control of autonomous platforms and swarms across domains, enhancing fleet lethality, survivability, and operational effectiveness.
A photo accompanying this news release is available at https://www.hii.com/newsroom
“ROMULUS brings together advanced autonomy, scalable platform design, and efficient manufacturing in a production-ready solution engineered to meet the demands of distributed maritime operations and integrated manned-unmanned teaming. Its endurance, flexibility, and payload capacity provide the operational versatility required for future naval missions.
“We appreciate the U.S. Navy’s confidence in ROMULUS and look forward to demonstrating the platform’s maturity, reliability, and operational effectiveness in support of the service’s vision for autonomous maritime operations.”
About HII’s Odyssey Advanced Autonomy Solutions®
HII’s Odyssey Autonomous Control Solutions (ACS) is currently deployed on REMUS unmanned underwater vehicles (UUVs) and ROMULUS unmanned surface vessel (USV) platforms in 30 countries, transforming vehicles into intelligent robotic systems. Through flexible vehicle-, module-, and algorithm-level implementations across diverse platforms, sensors, payloads, and mission profiles, Odyssey Advanced Autonomy Solutions deliver multi-vehicle collaborative autonomy, sensor fusion, and advanced perception capabilities.
About the ROMULUS Unmanned Surface Vessel
The ROMULUS family of Unmanned Surface Vessels is designed to meet the current and emerging requirements of the U.S. Navy, U.S. Marine Corps, joint forces, and allies. They deliver high-endurance, sustained open-ocean autonomy with a focus on lethality, cost, efficiency and scalability.
The ROMULUS family of USVs will support missions including intelligence, surveillance, and reconnaissance; counter-unmanned air systems; mine countermeasures; strike; and the launch and recovery of unmanned underwater vehicles and unmanned aerial vehicles (UAV).
Paired with HII’s REMUS UUVs, ROMULUS extends undersea reach and supports a scalable dual-domain force package built for distributed maritime operations.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world. With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
PASCAGOULA, Miss., June 01, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division honored its 2026 class of Master Shipbuilders Thursday, recognizing 40 employees who have achieved 40 years of continuous service while building the Navy’s most advanced ships. The ceremony, held at the shipyard, celebrated the skill, craftsmanship and dedication of this year’s honorees, who represent trades and professions across Ingalls.
“Since 1986, these shipbuilders have brought unmatched expertise and pride to the work they do at Ingalls,” said Brian Blanchette, Ingalls Shipbuilding president. “Each of them has shaped the ships that defend our nation, the workforce that powers our mission, and the culture of excellence that defines who we are. Their legacy will continue to inspire generations of shipbuilders who follow.”
Each master shipbuilder has played a role in delivering critical national platforms, contributing to programs spanning from Aegis destroyers to amphibious warships and other key assets that support U.S. maritime strength and security.
One highlight of the event was the debut of a tribute video featuring several of this year’s honorees. The video showcased their career milestones, personal reflections and shared purpose in building ships that safeguard America’s interests around the world. Colleagues, family members and company leadership attended the celebration.
Photos accompanying this release are available at https://www.hii.com/newsroom
Master shipbuilder Johnny Brown reflected on how technology at the shipyard has evolved since he began his career in 1986, and how his understanding of Ingalls’ national security mission has grown over time. “When I look at how far technology has come, especially with AI, I never would have imagined back then that Ingalls would one day have robots working alongside us,” Brown said. “When you first come to the shipyard, it’s easy to think about it as just a job. But over time, you realize the work you’re doing supports national security. That reshapes how you see your role, and you understand that what you do here really matters.”
Jeff Davis, another master shipbuilder, also reflected on the impact of his four decades at Ingalls and the pride he takes in the fleet he helped build. “I’ve spent my life building ships, and because of that, I believe the Navy is better prepared to face any adversary it encounters,” said Davis. “I also believe our future shipbuilders will be well-equipped to lead this company long after we’re gone, and I’m honored to join the class of master shipbuilders who paved the way for us.”
Ingalls Shipbuilding extends its deepest gratitude and congratulations to the 2026 Master Shipbuilders for their extraordinary service, leadership and commitment to delivering the nation’s most advanced ships.
For more information about careers at HII, visit hii.com/careers.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Contact:
NEWPORT NEWS, Va., June 03, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division is welcoming more than 50 graduating high school seniors to shipbuilding careers through an innovative outreach program coordinated with 14 schools across Virginia.
Workforce Attraction Via Experienced Shipbuilders, known as WAVES, embeds experienced skilled tradespeople from NNS into high schools that offer technical career education curriculums. These shipbuilders, known as scouts, visit the school at least once a month, where they build trusted relationships with career counselors and engage with students to provide mentorship, tutoring support and information on HII career opportunities.
“WAVES bridges the gap between education and hands-on experience, equipping students with knowledge, confidence, and connections needed to excel in their chosen fields,” said Xavier Beale, NNS vice president of human resources. “Through personalized guidance and partnerships, we are building the next generation of skilled professionals and we’re thrilled to have these students join our powerful mission at Newport News Shipbuilding.”
Photos accompanying this release are available at https://www.hii.com/newsroom.
NNS hosted its first ‘Welcoming Ceremony’ Wednesday for students recruited through WAVES mentorships who have accepted offers of employment with the company. The event recognized the students’ accomplishments and offered an introduction to the shipyard and their new teammates.
For more information about careers at Newport News Shipbuilding, visit hii.com/careers.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Contact:
It has been about a month since the last earnings report for Huntington Ingalls (HII - Free Report) . Shares have lost about 10% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Huntington Ingalls due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
HII Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
Huntington Ingalls Industries, Inc.’s posted first-quarter 2026 earnings of $3.79 per share, matching the year-ago level and topping the Zacks Consensus Estimate of $3.70 by 2.4%.
Total RevenuesQuarterly revenues came in at $3.10 billion, up 13.4% year over year and ahead of the consensus mark of $3.02 billion by 2.7%.
The quarter reflected higher volumes across the business, led by aircraft carrier, submarine and naval nuclear support services work.
HII also booked $4.0 billion of new contract awards in the period, lifting total backlog to $54.0 billion as of March 31, 2026.
Operational PerformanceHuntington Ingalls reported segmental operating income of $172 million compared with $171 million in the first quarter of 2025. The segmental operating margin contracted 70 basis points from the prior-year figure to 5%.
HII Segmental PerformanceNewport News Shipbuilding remained the largest contributor in the quarter. Segment revenues rose to $1.67 billion from $1.40 billion a year earlier, driven by higher volumes in aircraft carriers, submarines and naval nuclear support services. Segment operating income edged up to $88 million from $85 million, while segment operating margin declined to 5.3% from 6.1%, reflecting contract adjustments and lower performance in aircraft carrier construction.
Ingalls Shipbuilding delivered solid growth as well. Segment revenues increased to $725 million from $637 million, primarily on higher surface combatant volumes. Segment operating income improved to $49 million from $46 million, but segment operating margin narrowed to 6.8% from 7.2% as lower performance in amphibious assault ships partially offset the benefits of stronger volume.
Mission Technologies posted steadier gains. Segment revenues were $748 million compared with $735 million a year ago, supported by higher volumes in All-Domain Operations, Unmanned Systems and Global Security, partially offset by lower volumes in Warfare Systems. Segment operating income declined to $35 million from $40 million and segment operating margin eased to 4.7% from 5.4%, mainly due to lower equity income from nuclear and environmental joint ventures.
Financial UpdateCash flow remained seasonally pressured in the first quarter. Net cash used in operating activities was $390 million and free cash flow was negative $461 million, essentially unchanged from the prior-year period. Net capital expenditures totaled $71 million in the quarter, including $74 million of capex additions and $3 million of grant proceeds.
On capital deployment, HII paid $54 million in dividends and did not repurchase shares during the quarter. The company ended March 2026, with $216 million in cash and cash equivalents.
2026 GuidanceManagement reaffirmed its full-year expectations and maintained its medium-term growth framework. For 2026, HII continues to project shipbuilding revenues of $9.70-$9.90 billion with a shipbuilding operating margin of 5.5-6.5%.
Mission Technologies revenues are still expected at $3.0-$3.2 billion, with segment operating margin around 5% and EBITDA margin of 8.4-8.6%.
The company also reiterated free cash flow guidance of $500-$600 million and capital expenditures of 4-5% of sales.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.
The consensus estimate has shifted -9.19% due to these changes.
VGM ScoresCurrently, Huntington Ingalls has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Huntington Ingalls has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerHuntington Ingalls is part of the Zacks Aerospace - Defense industry. Over the past month, GE Aerospace (GE - Free Report) , a stock from the same industry, has gained 2.9%. The company reported its results for the quarter ended March 2026 more than a month ago.
GE reported revenues of $11.61 billion in the last reported quarter, representing a year-over-year change of +29%. EPS of $1.86 for the same period compares with $1.49 a year ago.
For the current quarter, GE is expected to post earnings of $1.87 per share, indicating a change of +12.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +0% over the last 30 days.
GE has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.
President Trump came into office (the first time) calling for the construction of a 355-ship battle force for the U.S. Navy. A decade later, the actual "battle force" strength is just 291 ships. That's an improvement from the 275 ships in the fleet when he entered office in 2016.
But it's not good enough.
It's not even technically legal, as the just-released U.S. Navy 30-Year Shipbuilding Plan points out. By law, the Navy requires a fleet of 355 ships. What's more, the plan laments: "Over the past two decades, the shipbuilding budget has doubled, yet we have no more ships now than in 2003. This is a persistent problem."
But as part of the president's call for a $1.5 trillion defense budget, this plan proposes to fix it.
Image source: Getty Images.
A high-low mix for the high seas Over the course of 60 pages, the plan describes how the Navy will rebuild itself, slowly, toward the goal of a 355-ship fleet, spending heavily on the high end for robust weapons platforms such as aircraft carriers, submarines, and battleships, while expanding its global presence at the low end with less capable but more numerous and budget-friendly frigates and littoral combat ships -- and supplementing all this with unmanned vehicles -- i.e., sea drones.
Aiming to curb cost overruns and prevent construction delays, the Navy proposes a whole-of-industry approach to boosting ship production rates. Rising from 10% today, 50% of future shipbuilding will be done not just at a handful of legacy shipyards, but distributed among sites all around the country. These sites will build modules for later assembly into whole ships at the big shipyards.
Facilities will be upgraded, production increased, and new workforces trained in shipbuilding. "Cutting-edge AI tools" will be leveraged to accelerate construction through more efficient scheduling.
Working on the assumption these efforts will succeed, the Navy has laid out a 30-year plan describing not only the battle fleet ships (i.e., warships) it intends to build but also auxiliary ships and unmanned vessels of medium size or above, yielding what is now called the "combined total naval vessel force."
What's the plan? Looking out 30 years, it's immediately clear that there are issues with the Navy's plan -- first and foremost, the fact that, because of scheduled ship retirements, the battle force won't reach 355 ships before 2040!
Indeed, today's battle force will actually shrink a bit next year and not start growing before 2029.
Data source: U.S. Navy.
The good news is that once the build-up is under way and gaining momentum, the Navy should chart a course to far more than 355 ships. Ultimately, the goal is to approach 400 ships by the end of the 30-year plan.
This goal seems realistic, too. Although a sizable 37% increase over 30 years, the Navy's only looking to build about a dozen ships per year, which seems manageable.
Who will build all these ships? Which companies are most likely to benefit from this expansion of the combined total naval vessel force? That's hard to say.
A lot can change in 30 years, and today's forecasts for fleet needs in 2056 could be obsolete as technologies evolve and sea drones or even entire drone aircraft carriers, for example, become increasingly important in defense. In future decades, we could see one or more of these crewed ship types replaced by uncrewed surface and uncrewed underwater vessels (USVs and UUVs).
It's easier to forecast near-future trends. So let's take a quick look at the Navy's shipbuilding plans for just the next five years:
Data source: U.S. Navy.
A couple of points demand clarification here. First, you may notice that if you add the numbers up left to right, they... don't seem to tally correctly in the final "FYDP" column. That's because FYDP refers to "future years" of shipbuilding, as in 2027 and beyond. Add up only the 2027-through-2031 numbers, and the tally is 75 crewed warships and 47 uncrewed vessels.
The second point, less important to investors but still important for context: As new vessels are added to the fleet, older vessels are constantly aging out and being retired. So the Navy Battle Force will grow a little over the next five years -- just not by 122 ships.
Now, how much will this all cost, and which defense contractors should you invest in to profit from it? Here's the Navy's official estimate for these same five years:
Data source: U.S. Navy.
Again, focus on the FYDP column for total Navy shipbuilding spending on the Battle Force over the next five years. What you see here is $268.1 billion in spending. That covers just the Battle Force ships, for which General Dynamics (GD +0.32%) and Huntington Ingalls (HII 0.95%) are the primary builders.
Today's Change
(
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1.15
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360.01
A few vessels -- AS(X) submarine tenders and T-AGOS spy ships, for example -- may be built by smaller shipyards, and I'd expect that a fair number of the MUSVs mentioned in the above chart will as well. Likewise, 47 support ships, including hospital ships, fireboats, tankers, and landing craft, are planned, raising the Navy's investment to $305.7 billion over the next five years.
Data source: U.S. Navy.
That figure represents a huge windfall of future business for U.S. shipbuilders. Even if General Dynamics and Huntington Ingalls don't build literally all the ships the Navy is asking for, I still think they're your best bet to invest in a bigger U.S. Navy.
SLIDELL, La., June 08, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII), America’s largest military shipbuilder and a global leader in autonomous maritime systems, today announced that Bayou Metal Supply & Manufacturing, a strategic partner in the serial production of HII’s ROMULUS unmanned surface vessels (USVs), has launched a dedicated manufacturing line to support accelerated construction of the platform.
The new production line, located in Slidell, Louisiana, provides precision cutting, bending, welding, and assembly of major structural components into complete assembly units ready for shipment to Breaux Brothers Enterprises for final integration into the ROMULUS USV platform.
Bayou Metals is playing a critical role on HII’s ROMULUS USV shipbuilding team as a strategic aluminum supply and fabrication partner. The company is providing marine-grade aluminum while establishing dedicated manufacturing capacity to meet the ROMULUS USV production schedule.
“As we move from prototype to production, partnerships like Bayou Metals are essential to delivering capability at speed and scale,” said Andy Green, executive vice president of HII and president of HII’s Mission Technologies division. “Their ability to combine material supply with advanced fabrication strengthens our production model, reduces risk, and accelerates delivery the ROMULUS USV to the fleet.”
Photos accompanying this release are available at: http://hii.com/news/hii-partner-bayou-metals-launches-dedicated-manufacturing-line-to-accelerate-romulus-usv-production/.
William Stout, chief executive officer of Bayou Metal stated, “Bayou Metal is proud to continue its longstanding relationship with and support of industry leaders such as HII and Breaux Brothers. We remain committed to providing world-class service, quality materials, and trusted partnerships to the marine and shipbuilding sectors for years to come.”
HII’s integrated coordination with Bayou Metals and other manufacturing partners ensures avoiding delays in securing materials and building parts. It also makes production more efficient by completing most of the setup work before final assembly at the shipyard. This model enhances throughput and supports faster, more repeatable serial production of ROMULUS vessels across multiple shipyards.
In addition to improving manufacturing performance, the effort supports expansion of the U.S. shipbuilding industrial base by growing Gulf Coast manufacturing capacity and building a larger skilled workforce.
HII recently announced plans for the production of four ROMULUS 151 vessels to be built by Breaux Brothers Enterprises in Louisiana, in addition to the vessel currently under construction. The announcement signals a rapid transition to initial production as HII accelerates delivery of autonomous surface capability to the U.S. Navy and allied partners.
“ROMULUS represents a shift in how we deliver unmanned capability to the fleet,” Green said. “We are combining shipbuilding experience, scalable manufacturing, proven autonomy, and strong industry partnerships to move quickly from prototype to operational deployment.”
ROMULUS USV: Built for Scale and Mission Flexibility
ROMULUS is a modular family of AI-enabled USVs designed to support a wide range of missions, including intelligence, surveillance and reconnaissance (ISR), mine countermeasures, strike operations, counter-unmanned systems, and the launch and recovery of unmanned underwater and aerial vehicles.
Engineered for serial, repeatable production, the platform combines endurance, global reach, and modular adaptability, enabling scalability across multiple vessel sizes while maintaining a common manufacturing and autonomy baseline.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Contact:
Old National Bancorp (NASDAQ: ONB - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company.
EVANSVILLE, Ind., March 30, 2026 (GLOBE NEWSWIRE) -- Old National Bank announced today that it has received an “Outstanding” overall rating — the highest possible — under the Community Reinvestment Act (CRA), recognizing the bank’s exceptional commitment to meeting the credit, investment and community service needs of the neighborhoods it serves. In a typical review cycle, fewer than 10% of U.S. banks earn an “Outstanding” rating.
The rating reflects Old National’s long‑standing dedication to expanding access to financial resources, supporting affordable housing initiatives, and fostering economic empowerment across low‑ and moderate‑income communities throughout its footprint. Evaluated by the Office of the Comptroller (OCC), this rating considered lending, investment, and community service activities from a quantitative and qualitative perspective between 2022 and 2024.
“This recognition affirms the work our teams do every day to partner with and uplift the communities we proudly serve,” said Old National Chairman and CEO Jim Ryan. “During the evaluation period, Old National provided nearly $2.4 billion in CRA-eligible community development loans that supported affordable housing, economic development, community services for low- and moderate-income people, and revitalization or stabilization of low-to-moderate income communities. Every dollar provided makes a positive impact on our communities.”
The CRA evaluation highlights Old National Bank’s ratings for each of the following areas:
The Lending Test – “Outstanding”: The OCC noted Old National’s significant level of Community Development lending activities and extensive use of innovative and flexible loan products to meet credit and community development needs. Three of the five Multistate Metropolitan Statistical Areas (MMSAs) assessed, and the State of Indiana performance, were rated Outstanding.The Investment Test – “Outstanding”: Old National had an excellent level of Community Development investments which were responsive to community needs throughout the rating areas. All five MMSAs were rated Outstanding in addition to the states of Indiana, Michigan, Minnesota, Tennessee and Wisconsin.The Services Test – “High Satisfactory”: Delivery systems were deemed accessible to geographies and individuals of different income levels. Old National had good levels of Community Development services which demonstrated responsiveness to community needs, leadership, and complexity. Three of the MMSAs were rated Outstanding.
During the course of the evaluation, Old National provided information highlighting more than 20,000 hours of volunteerism across 10 states, reflecting active board and committee service, financial education, technical assistance, and direct engagement with community-based organizations. The activities demonstrate sustained leadership and responsiveness at the local level. Old National also highlighted proprietary financial literacy programming, and partnerships with nonprofit organizations addressing critical community needs.
“We believe that healthy communities are the foundation of a strong financial institution,” said Old National Chief Community, Culture & Social Responsibility Officer Kathy Schoettlin. “Old National is proud to play a role in driving positive change and expanding opportunities for individuals and families across our markets.”
The CRA was enacted in 1977 to ensure banks meet the credit needs of all segments of their communities. An “Outstanding” rating is reserved for institutions that go above and beyond standard regulatory expectations in their community development activities. Old National Bank continues to deepen its investments, strengthen community partnerships, and expand financial inclusion initiatives as part of its ongoing commitment to responsible, community‑focused banking.
ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $72 billion of assets and $37 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" -- an honor reserved for the 50 most community-minded companies in the United States.
March 31, 2026 15:00 ET | Source: Old National Bancorp
EVANSVILLE, Ind., March 31, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (“Old National”), the holding company of Old National Bank, today announced the following schedule for its first-quarter earnings release and conference call:
Earnings Release: Wednesday, April 22, 2026, at approximately 7:00 A.M. ET
Conference Call: Wednesday, April 22, 2026, at 10:00 A.M. ET
Webcast: Via Old National’s Investor Relations website at oldnational.com
Webcast Replay: Available approximately one hour after completion of the call, until midnight ET on April 22, 2027, via Old National’s Investor Relations website at oldnational.com
Telephone Replay: U.S. (800) 770-2030; International: (609) 800-9909; Access code 9394540. The replay will be available approximately one hour after completion of the call until midnight ET on May 6, 2026
ABOUT OLD NATIONAL
Old National Bancorp is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $72 billion of assets and $37 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" - an honor reserved for the 50 most community-minded companies in the United States.
EVANSVILLE, Ind., April 13, 2026 (GLOBE NEWSWIRE) -- Old National Bancorp (NASDAQ: ONB) today announced a strategic alignment of its Commercial Banking leadership structure to better match leadership roles and responsibilities with the capabilities, reach, and complexity of its commercial clients. As part of this updated structure, Chris Doyle has joined Old National as President of Commercial Banking, and John C. Thurston has been promoted to President of Corporate Banking.
“We are thrilled to welcome Chris to Old National, and we are equally excited to welcome John into an expanded leadership role,” said Old National Chairman and CEO Jim Ryan. “This new alignment not only allows us to fully leverage the strengths and experience of both leaders, it also reflects the growing scale of our Commercial business and our commitment to providing exceptional, highly individualized service to all our commercial clients.”
Additionally, Old National is further aligning key Treasury Management and Commercial middle office functions. Joe Wicklander, president of Treasury Solutions & Payments, will continue to lead Treasury Management, Merchant Services, and the Financial Institutions Group while also taking on responsibility for Old National’s Foreign Exchange (FX) business and building out FinTech and Liquidity solutions. Tim Kocher will transition from Chief Credit Strategy Officer to Chief Service Delivery Officer, providing leadership that strengthens service delivery for Commercial Banking clients.
These leadership updates follow the departure of Commercial Banking CEO Jim Sandgren, who retired on April 1, 2026, after 34 years of service with the organization.
About Chris Doyle
Old National welcomes Chris Doyle as President of Commercial Banking. Doyle brings more than 20 years of banking experience, most recently serving as Commercial Regional Leader, SVP, at a super-regional bank, where he spent nine years supporting complex client transactions, growth strategies, capital needs, and succession planning.
In this new leadership role, Doyle will oversee Commercial & Industrial (C&I) Banking (including SBA lending and Agricultural lending), Middle Market Banking (including Asset-Based Lending, Small Business Investment Company, and Family Office), Commercial Real Estate and Expansion Markets.
Doyle is active in the local Cleveland-area community where he serves as a board member of Urban Community School (Board Chair), Boys and Girls Clubs of Greater Cleveland, Cleveland Clinic Children’s Hospital, and GESU Finance Council. He is also a member of Leadership Cleveland class of 2026. Chris earned a Bachelor of Business Administration in Finance from Saint Louis University.
About John C. Thurston
John C. Thurston, who joined Old National in 2023 and most recently served as Corporate Banking Director, has been appointed President of the Corporate Bank, which will serve Old National’s largest commercial banking clients. Thurston brings 30 years of industry experience spanning multiple geographies, lines of business, and industry verticals.
He has led teams across the country while driving strategic initiatives, new business development, and long‑term client growth strategies. In his expanded leadership role, Thurston will oversee Corporate Banking, Specialty Banking, and Capital Markets (including Syndications, Tax Credit, Term Loan B, Sponsor Finance, and Investment Banking/M&A).
A resident of Chicago for more than 30 years, John is highly active in the Chicago community, serving as a member of the Board of Directors at Christ the King Jesuit College Prep, as well as a Board Member at Mercy Home for Boys and Girls. He is the past Chairman of the Old St. Mary’s Church Finance Committee, and a member of the Old St. Mary’s School Finance Sub-committee and Amate House Board of Directors. John earned a Bachelor of Business Administration and Bachelor of Arts in Finance and Business Economics from the University of Notre Dame.
About Joe Wicklander
As President of Treasury Solutions & Payments, Joe Wicklander has modernized and enhanced Old National’s Treasury Management and Merchant Services offerings while also launching a Financial Institutions Group. He will continue to lead Treasury Management, Merchant Services, and the Financial Institutions Group with added responsibility for Old National’s Foreign Exchange (FX) business. Prior to joining Old National in 2023, he led the Financial Institutions Group for CIBC Bank in Chicago.
About Tim Kocher
Tim Kocher will transition from Chief Credit Strategy Officer to Chief Service Delivery Officer, providing operational leadership that strengthens service delivery for Commercial Banking clients. In this role, he will oversee Commercial Administration (including loan fulfillment and commercial support) and Treasury Management middle office functions, helping ensure consistent execution, strong controls, and a seamless client experience. Formerly a member of Bremer Bank’s executive leadership team, Kocher officially transitioned to Old National’s leadership with the completion of the bank’s Bremer Bank partnership in 2025.
ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $72 billion of assets and $37 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" – an honor reserved for the 50 most community-minded companies in the United States.
Old National Bancorp (NASDAQ:ONB – Get Free Report) will likely be posting its Q1 2026 results before the market opens on Wednesday, April 22nd. Analysts expect Old National Bancorp to post earnings of $0.61 per share and revenue of $706.6220 million for the quarter. Interested persons may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, April 22, 2026 at 10:00 AM ET.
Old National Bancorp (NASDAQ:ONB – Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The bank reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Old National Bancorp had a net margin of 17.91% and a return on equity of 10.75%. The business had revenue of $698.53 million for the quarter, compared to analyst estimates of $705.62 million. During the same period last year, the firm earned $0.49 earnings per share. On average, analysts expect Old National Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Old National Bancorp Price Performance ONB stock opened at $23.44 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.86. Old National Bancorp has a 12 month low of $18.83 and a 12 month high of $26.17. The firm has a market cap of $9.06 billion, a P/E ratio of 13.10 and a beta of 0.83. The company’s 50-day moving average price is $23.20 and its two-hundred day moving average price is $22.48.
Old National Bancorp Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Saturday, May 16th. Shareholders of record on Tuesday, May 5th will be issued a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, May 5th. Old National Bancorp’s dividend payout ratio (DPR) is currently 32.40%.
Analysts Set New Price Targets Several equities analysts have commented on ONB shares. Truist Financial raised their target price on shares of Old National Bancorp from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, January 26th. UBS Group restated a “neutral” rating and issued a $26.00 price target on shares of Old National Bancorp in a research note on Wednesday, February 4th. Citigroup raised their price target on shares of Old National Bancorp from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada raised their price target on shares of Old National Bancorp from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Old National Bancorp in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.
Get Our Latest Stock Analysis on Old National Bancorp
Insider Transactions at Old National Bancorp In other Old National Bancorp news, insider Nicholas J. Chulos sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $25.05, for a total transaction of $751,500.00. Following the completion of the transaction, the insider owned 20,438 shares in the company, valued at approximately $511,971.90. This trade represents a 59.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company’s stock.
Institutional Trading of Old National Bancorp Several hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its stake in Old National Bancorp by 69.8% during the 4th quarter. Morgan Stanley now owns 6,776,716 shares of the bank’s stock valued at $151,189,000 after purchasing an additional 2,785,474 shares in the last quarter. First Trust Advisors LP increased its stake in Old National Bancorp by 37.5% during the 4th quarter. First Trust Advisors LP now owns 7,188,766 shares of the bank’s stock valued at $160,381,000 after purchasing an additional 1,961,525 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Old National Bancorp by 2,942.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,743,757 shares of the bank’s stock valued at $38,903,000 after purchasing an additional 1,686,442 shares in the last quarter. Verition Fund Management LLC increased its stake in Old National Bancorp by 51.3% during the 3rd quarter. Verition Fund Management LLC now owns 3,156,744 shares of the bank’s stock valued at $69,291,000 after purchasing an additional 1,070,282 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Old National Bancorp during the 4th quarter valued at $22,977,000. Institutional investors own 83.66% of the company’s stock.
About Old National Bancorp (Get Free Report)
Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.
In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.
Further Reading Five stocks we like better than Old National Bancorp
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Shares of Old National Bancorp (NASDAQ:ONB – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $27.50.
Several equities research analysts have recently weighed in on ONB shares. Royal Bank Of Canada upped their price target on shares of Old National Bancorp from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 22nd. Barclays upped their price target on shares of Old National Bancorp from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 7th. Citigroup upped their price target on shares of Old National Bancorp from $28.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Stephens began coverage on shares of Old National Bancorp in a research report on Friday, March 27th. They issued an “overweight” rating and a $27.00 price target for the company. Finally, National Bank Financial set a $30.00 target price on shares of Old National Bancorp in a research report on Thursday, January 22nd.
View Our Latest Research Report on Old National Bancorp
Old National Bancorp Price Performance Shares of ONB opened at $23.29 on Tuesday. The company has a 50 day moving average price of $23.11 and a 200-day moving average price of $22.49. Old National Bancorp has a fifty-two week low of $18.83 and a fifty-two week high of $26.17. The stock has a market capitalization of $9.00 billion, a PE ratio of 13.01 and a beta of 0.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.93 and a current ratio of 0.93.
Old National Bancorp (NASDAQ:ONB – Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The bank reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. Old National Bancorp had a net margin of 17.91% and a return on equity of 10.75%. The firm had revenue of $698.53 million during the quarter, compared to analysts’ expectations of $705.62 million. During the same quarter in the prior year, the company earned $0.49 EPS. Equities analysts predict that Old National Bancorp will post 2.08 earnings per share for the current fiscal year.
Old National Bancorp Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Saturday, May 16th. Investors of record on Tuesday, May 5th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $0.58 dividend on an annualized basis and a yield of 2.5%. Old National Bancorp’s dividend payout ratio is presently 32.40%.
Insider Buying and Selling at Old National Bancorp In other news, insider Nicholas J. Chulos sold 30,000 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $25.05, for a total value of $751,500.00. Following the completion of the sale, the insider owned 20,438 shares of the company’s stock, valued at $511,971.90. This trade represents a 59.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by insiders.
Institutional Trading of Old National Bancorp Institutional investors have recently made changes to their positions in the business. MAI Capital Management boosted its position in shares of Old National Bancorp by 156.8% in the 3rd quarter. MAI Capital Management now owns 1,153 shares of the bank’s stock worth $25,000 after purchasing an additional 704 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Old National Bancorp in the 4th quarter worth $27,000. Covestor Ltd boosted its position in shares of Old National Bancorp by 157.0% in the 3rd quarter. Covestor Ltd now owns 1,236 shares of the bank’s stock worth $27,000 after purchasing an additional 755 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Old National Bancorp in the 4th quarter worth $28,000. Finally, Rothschild Investment LLC boosted its position in shares of Old National Bancorp by 72.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,275 shares of the bank’s stock worth $28,000 after purchasing an additional 535 shares in the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.
About Old National Bancorp (Get Free Report)
Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.
In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.
See Also Five stocks we like better than Old National Bancorp
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