Old Republic International Co. Plans None Dividend of $1.00 (NYSE:ORI)


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Old Republic International Co. (NYSE:ORI) announced a None dividend on Friday, December 18th, Zacks reports. Stockholders of record on Tuesday, January 5th will be paid a dividend of 1.00 per share by the insurance provider on Friday, January 15th. The ex-dividend date is Monday, January 4th.

Old Republic International has raised its dividend payment by 6.7% over the last three years and has increased its dividend annually for the last 1 consecutive years.

NYSE:ORI opened at $19.71 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.17. Old Republic International has a 52 week low of $11.88 and a 52 week high of $23.62. The firm has a market capitalization of $5.99 billion, a P/E ratio of 21.66 and a beta of 0.82. The company has a fifty day moving average of $18.70 and a 200 day moving average of $16.72.

Old Republic International (NYSE:ORI) last issued its quarterly earnings results on Thursday, October 22nd. The insurance provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.18. Old Republic International had a net margin of 4.26% and a return on equity of 9.87%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts anticipate that Old Republic International will post 1.7 EPS for the current year.

In related news, Director Steven J. Bateman purchased 2,000 shares of Old Republic International stock in a transaction dated Tuesday, October 27th. The shares were acquired at an average price of $16.05 per share, for a total transaction of $32,100.00. Following the acquisition, the director now directly owns 23,476 shares in the company, valued at $376,789.80. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Denard Kennedy purchased 1,494 shares of Old Republic International stock in a transaction dated Friday, November 20th. The shares were bought at an average price of $18.05 per share, for a total transaction of $26,966.70. Following the acquisition, the director now owns 1,494 shares in the company, valued at $26,966.70. The disclosure for this purchase can be found here. Insiders have bought a total of 3,694 shares of company stock worth $62,193 in the last ninety days. Corporate insiders own 1.90% of the company’s stock.

A number of research analysts have weighed in on the stock. ValuEngine upgraded shares of Old Republic International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 1st. TheStreet raised shares of Old Republic International from a “c” rating to a “b-” rating in a research note on Tuesday, November 3rd. Zacks Investment Research lowered shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Finally, BidaskClub upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a report on Saturday, December 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Old Republic International presently has a consensus rating of “Buy” and an average price target of $20.00.

Old Republic International Company Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

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Dividend History for Old Republic International (NYSE:ORI)

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