Old Republic International (NYSE:ORI) Posts Earnings Results, Beats Estimates By $0.19 EPS

Old Republic International (NYSE:ORI) posted its quarterly earnings data on Thursday. The insurance provider reported $0.90 earnings per share for the quarter, beating 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 Price Performance

Shares of Old Republic International stock opened at $35.79 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.28 and a current ratio of 0.28. Old Republic International has a 52-week low of $27.19 and a 52-week high of $39.27. The company has a fifty day moving average of $36.62 and a 200-day moving average of $35.32. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 12.34 and a beta of 0.88.

Old Republic International Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their target price on Old Republic International from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, October 21st.

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.