Old Republic International (ORI) to Release Quarterly Earnings on Thursday

Old Republic International (NYSE:ORI) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Old Republic International (NYSE:ORI) last announced its earnings results on Thursday, January 25th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03). The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Old Republic International had a net margin of 8.25% and a return on equity of 12.10%. On average, analysts expect Old Republic International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Old Republic International Trading Down 1.1 %

Shares of ORI opened at $28.64 on Thursday. The firm’s 50 day simple moving average is $29.34 and its 200 day simple moving average is $28.75. The company has a market capitalization of $7.89 billion, a P/E ratio of 13.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.25 and a quick ratio of 0.25. Old Republic International has a 1-year low of $24.03 and a 1-year high of $31.22.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Monday, March 11th were paid a $0.265 dividend. This is an increase from Old Republic International’s previous quarterly dividend of $0.25. This represents a $1.06 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Friday, March 8th. Old Republic International’s dividend payout ratio (DPR) is currently 50.48%.

Analyst Upgrades and Downgrades

ORI has been the topic of a number of recent analyst reports. Piper Sandler raised their target price on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a research note on Friday, January 26th.

Insiders Place Their Bets

In other Old Republic International news, Director Barbara Adachi purchased 1,925 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were purchased at an average cost of $28.60 per share, with a total value of $55,055.00. Following the completion of the purchase, the director now owns 7,845 shares of the company’s stock, valued at approximately $224,367. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Barbara Adachi bought 1,925 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were purchased at an average price of $28.60 per share, for a total transaction of $55,055.00. Following the completion of the acquisition, the director now owns 7,845 shares of the company’s stock, valued at $224,367. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Carolyn Monroe sold 6,528 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $27.71, for a total transaction of $180,890.88. Following the completion of the transaction, the senior vice president now owns 35,340 shares in the company, valued at approximately $979,271.40. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ORI. Norges Bank bought a new stake in Old Republic International in the fourth quarter valued at $68,927,000. Cowa LLC boosted its holdings in Old Republic International by 10,030.0% in the first quarter. Cowa LLC now owns 2,825,961 shares of the insurance provider’s stock valued at $731,000 after acquiring an additional 2,798,064 shares in the last quarter. State Street Corp boosted its holdings in Old Republic International by 6.6% in the third quarter. State Street Corp now owns 25,907,464 shares of the insurance provider’s stock valued at $542,243,000 after acquiring an additional 1,601,571 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Old Republic International by 124.0% in the first quarter. Allianz Asset Management GmbH now owns 1,974,899 shares of the insurance provider’s stock valued at $51,091,000 after acquiring an additional 1,093,287 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Old Republic International by 32.9% in the first quarter. Invesco Ltd. now owns 3,741,155 shares of the insurance provider’s stock valued at $96,782,000 after acquiring an additional 926,871 shares in the last quarter. Institutional investors own 70.92% of the company’s stock.

Old Republic International Company Profile

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.