Old Republic International Co. (NYSE:ORI) Announces Quarterly Dividend of $0.27

Old Republic International Co. (NYSE:ORIGet Free Report) declared a quarterly dividend on Friday, May 17th, Zacks reports. Investors of record on Tuesday, June 4th will be paid a dividend of 0.265 per share by the insurance provider on Friday, June 14th. This represents a $1.06 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Tuesday, June 4th.

Old Republic International has increased its dividend by an average of 5.3% per year over the last three years and has increased its dividend every year for the last 44 years. Old Republic International has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Old Republic International to earn $2.85 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 37.2%.

Old Republic International Price Performance

ORI stock opened at $32.22 on Friday. The company has a market capitalization of $8.76 billion, a PE ratio of 12.54 and a beta of 0.81. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average is $30.15 and its two-hundred day moving average is $29.27. Old Republic International has a 52-week low of $24.17 and a 52-week high of $32.26.

Old Republic International (NYSE:ORIGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Old Republic International had a net margin of 9.52% and a return on equity of 12.15%. Analysts predict that Old Republic International will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ORI shares. StockNews.com upgraded Old Republic International from a “hold” rating to a “buy” rating in a research note 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.

Check Out Our Latest Analysis on Old Republic International

Insiders Place Their Bets

In related news, Director Therace Risch purchased 6,086 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $29.77 per share, with a total value of $181,180.22. Following the acquisition, the director now owns 6,086 shares in the company, valued at approximately $181,180.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Old Republic International news, VP Thomas Dare sold 1,292 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $30.95, for a total transaction of $39,987.40. Following the transaction, the vice president now owns 47,764 shares of the company’s stock, valued at approximately $1,478,295.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Therace Risch acquired 6,086 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was purchased at an average cost of $29.77 per share, for a total transaction of $181,180.22. Following the purchase, the director now directly owns 6,086 shares in the company, valued at approximately $181,180.22. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by corporate insiders.

About Old Republic International

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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.

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Dividend History for Old Republic International (NYSE:ORI)

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