Old Republic International Co. (NYSE:ORI – Get Rating) announced a quarterly dividend on Wednesday, November 23rd, Zacks reports. Shareholders of record on Monday, December 5th will be given a dividend of 0.23 per share by the insurance provider on Thursday, December 15th. This represents a $0.92 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Friday, December 2nd.
Old Republic International has increased its dividend payment by an average of 45.0% annually over the last three years and has increased its dividend annually for the last 40 consecutive years. Old Republic International has a payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Old Republic International to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 43.8%.
Old Republic International Trading Up 0.1 %
Shares of Old Republic International stock traded up $0.02 during trading on Thursday, hitting $24.16. The company’s stock had a trading volume of 875,595 shares, compared to its average volume of 1,744,795. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 9.22 and a beta of 0.81. The stock has a 50-day moving average price of $22.64 and a two-hundred day moving average price of $22.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.59 and a quick ratio of 0.59. Old Republic International has a 52 week low of $20.27 and a 52 week high of $27.19.
Analyst Upgrades and Downgrades
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in ORI. Mutual Advisors LLC lifted its holdings in shares of Old Republic International by 4.2% in the second quarter. Mutual Advisors LLC now owns 11,546 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 467 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Old Republic International by 2.3% in the 1st quarter. Panagora Asset Management Inc. now owns 21,388 shares of the insurance provider’s stock worth $553,000 after acquiring an additional 484 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Old Republic International by 1.2% in the second quarter. First Republic Investment Management Inc. now owns 49,413 shares of the insurance provider’s stock valued at $1,105,000 after purchasing an additional 583 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Old Republic International by 0.4% during the first quarter. Ameritas Investment Partners Inc. now owns 159,056 shares of the insurance provider’s stock valued at $4,114,000 after purchasing an additional 586 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Old Republic International by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 190,626 shares of the insurance provider’s stock worth $3,990,000 after purchasing an additional 820 shares during the last quarter. 72.27% of the stock is currently owned by institutional investors and hedge funds.
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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