Old Republic International (NYSE:ORI) Announces Earnings Results

Old Republic International (NYSE:ORI) posted its quarterly earnings results on Thursday. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15, Zacks reports. Old Republic International had a return on equity of 12.57% and a net margin of 8.59%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the firm earned $0.62 earnings per share.

Old Republic International Stock Performance

Shares of ORI traded up $1.00 during midday trading on Friday, reaching $33.62. 1,188,043 shares of the stock were exchanged, compared to its average volume of 1,270,715. The business’s 50-day moving average price is $31.07 and its 200 day moving average price is $30.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.27. Old Republic International has a twelve month low of $26.08 and a twelve month high of $33.84. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 13.08 and a beta of 0.83.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Tuesday, June 4th. Old Republic International’s dividend payout ratio (DPR) is currently 41.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ORI shares. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler lifted their target price on Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st.

Insider Activity at Old Republic International

In related news, Director Therace Risch purchased 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the transaction, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Therace Risch purchased 6,086 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the transaction, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carolyn Monroe sold 3,377 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total value of $101,445.08. Following the completion of the transaction, 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. Insiders have sold 9,172 shares of company stock worth $282,286 in the last quarter. Company insiders own 1.00% of the company’s stock.

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. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.