Old Republic International (ORI) to Release Quarterly Earnings on Thursday

Old Republic International (NYSE:ORI) is scheduled to issue its quarterly earnings data before the market opens on Thursday, July 25th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, analysts expect Old Republic International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Old Republic International Price Performance

Shares of NYSE ORI opened at $32.35 on Wednesday. Old Republic International has a fifty-two week low of $26.08 and a fifty-two week high of $32.79. The company has a 50 day simple moving average of $31.02 and a two-hundred day simple moving average of $30.03. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 12.59 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.27 and a current ratio of 0.27.

Old Republic International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, June 4th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Tuesday, June 4th. Old Republic International’s dividend payout ratio (DPR) is currently 41.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ORI shares. Piper Sandler raised their price target on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. StockNews.com raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th.

Insider Buying and Selling

In related news, Director Therace Risch bought 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the acquisition, the director now owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Therace Risch bought 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the acquisition, the director now owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carolyn Monroe sold 3,377 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total transaction of $101,445.08. Following the completion of the sale, the senior vice president now owns 33,556 shares in the company, valued at approximately $1,008,022.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,172 shares of company stock worth $282,286. 1.00% of the stock is owned by insiders.

About Old Republic International

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.