Old Republic International Co. (NYSE:ORI) Announces $1.00 None Dividend

Old Republic International Co. (NYSE:ORI) announced a None dividend on Friday, December 18th, Zacks reports. Stockholders of record on Tuesday, January 5th will be given a dividend of 1.00 per share by the insurance provider on Friday, January 15th. The ex-dividend date of this dividend is Monday, January 4th.

Old Republic International has raised its dividend by 6.7% over the last three years and has raised its dividend every year for the last 1 years.

NYSE ORI opened at $19.71 on Friday. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 21.66 and a beta of 0.82. The company has a 50 day moving average of $18.70 and a 200-day moving average of $16.72. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Old Republic International has a 1-year low of $11.88 and a 1-year high of $23.62.

Old Republic International (NYSE:ORI) last posted its quarterly earnings data on Thursday, October 22nd. The insurance provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.18. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.68 billion. Old Republic International had a net margin of 4.26% and a return on equity of 9.87%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. On average, analysts forecast that Old Republic International will post 1.7 earnings per share for the current year.

A number of brokerages have issued reports on ORI. BidaskClub raised shares of Old Republic International from a “hold” rating to a “buy” rating in a research note on Saturday, December 12th. TheStreet raised shares of Old Republic International from a “c” rating to a “b-” rating in a research report on Tuesday, November 3rd. ValuEngine raised shares of Old Republic International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 1st. Finally, Zacks Investment Research cut shares of Old Republic International from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.00.

In other news, Director Michael Denard Kennedy acquired 1,494 shares of the stock in a transaction dated Friday, November 20th. The shares were bought at an average cost of $18.05 per share, for a total transaction of $26,966.70. Following the purchase, the director now directly owns 1,494 shares of the company’s stock, valued at $26,966.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Bateman acquired 2,000 shares of the stock in a transaction dated Tuesday, October 27th. The shares were purchased at an average price of $16.05 per share, for a total transaction of $32,100.00. Following the completion of the purchase, the director now directly owns 23,476 shares in the company, valued at $376,789.80. The disclosure for this purchase can be found here. Insiders have bought a total of 3,694 shares of company stock worth $62,193 over the last 90 days. 1.90% of the stock is owned by company 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. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business.

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Dividend History for Old Republic International (NYSE:ORI)

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