Old Republic International (ORI) to Release Earnings on Thursday

Old Republic International (NYSE:ORI) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Old Republic International to post earnings of $0.66 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Old Republic International (NYSE:ORI) last posted its earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.03). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. 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 Stock Performance

NYSE:ORI opened at $30.31 on Wednesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 14.43 and a beta of 0.81. The firm’s fifty day simple moving average is $29.50 and its 200 day simple moving average is $28.86. Old Republic International has a twelve month low of $24.03 and a twelve month high of $31.22.

Old Republic International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were paid a dividend of $0.265 per share. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.06 annualized dividend and a yield of 3.50%. Old Republic International’s payout ratio is 50.48%.

Insider Buying and Selling

In other news, SVP Carolyn Monroe sold 6,528 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the sale, the senior vice president now owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Carolyn Monroe sold 6,528 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $27.71, for a total value of $180,890.88. Following the completion of the sale, the senior vice president now owns 35,340 shares of the company’s stock, valued at approximately $979,271.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara Adachi bought 1,925 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of $28.60 per share, with a total value of $55,055.00. Following the transaction, the director now directly owns 7,845 shares in the company, valued at approximately $224,367. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORI. Piper Sandler lifted their price target on shares of Old Republic International from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Friday, January 26th.

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.