Old Republic International (NYSE:ORI) Issues Earnings Results

Old Republic International (NYSE:ORI) released its quarterly earnings data on Thursday. The insurance provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.19, Zacks reports. Old Republic International had a net margin of 11.48% and a return on equity of 19.11%.

Old Republic International Stock Down 0.3 %

ORI stock opened at $36.17 on Friday. The business’s fifty day moving average price is $36.54 and its two-hundred day moving average price is $35.37. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 12.47 and a beta of 0.88. Old Republic International has a fifty-two week low of $27.19 and a fifty-two week high of $39.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28.

Old Republic International Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Old Republic International’s payout ratio is currently 36.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Piper Sandler boosted their price target on Old Republic International from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. StockNews.com raised shares of Old Republic International from a “buy” rating to a “strong-buy” rating in a research report on Friday.

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.