Old Republic International (NYSE:ORI) Releases Earnings Results, Beats Expectations By $0.15 EPS

Old Republic International (NYSE:ORI) posted its quarterly earnings results on Thursday. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15, Zacks reports. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the firm earned $0.62 EPS.

Old Republic International Trading Up 3.1 %

ORI traded up $1.00 during trading on Friday, hitting $33.62. The company’s stock had a trading volume of 1,188,043 shares, compared to its average volume of 1,270,715. The firm’s 50 day moving average price is $31.07 and its 200-day moving average price is $30.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.27. The stock has a market cap of $9.14 billion, a PE ratio of 13.08 and a beta of 0.83. Old Republic International has a twelve month low of $26.08 and a twelve month high of $33.84.

Old Republic International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, June 4th were issued a $0.265 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $1.06 annualized dividend and a yield of 3.15%. Old Republic International’s dividend payout ratio (DPR) is presently 41.25%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, Director Therace Risch purchased 6,086 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was bought at an average cost of $29.77 per share, for a total transaction of $181,180.22. Following the acquisition, the director now owns 6,086 shares of the company’s stock, valued at approximately $181,180.22. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Therace Risch acquired 6,086 shares of the stock in a transaction dated Tuesday, April 30th. The stock was bought at an average cost of $29.77 per share, with a total value of $181,180.22. Following the purchase, the director now directly owns 6,086 shares of the company’s stock, valued at $181,180.22. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Carolyn Monroe sold 3,377 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $30.04, for a total transaction of $101,445.08. Following the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at $1,008,022.24. The disclosure for this sale can be found here. In the last three months, insiders sold 9,172 shares of company stock worth $282,286. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ORI shares. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler lifted their price objective 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.

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.