Old Republic International (ORI) Expected to Announce Quarterly Earnings on Thursday

Old Republic International (NYSE:ORI) is projected to announce its earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.73 per share and revenue of $2.03 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Old Republic International (NYSE:ORI) last released its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.19. Old Republic International had a net margin of 10.36% and a return on equity of 20.32%. 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 Price Performance

Shares of ORI opened at $37.79 on Thursday. Old Republic International has a 12-month low of $28.59 and a 12-month high of $39.84. The stock has a market cap of $9.34 billion, a P/E ratio of 14.37 and a beta of 0.68. The business’s fifty day moving average is $37.32 and its 200 day moving average is $36.63. The company has a quick ratio of 0.28, a current ratio of 0.62 and a debt-to-equity ratio of 0.28.

Old Republic International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 10th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Old Republic International’s previous quarterly dividend of $0.27. Old Republic International’s dividend payout ratio (DPR) is currently 44.11%.

Insider Buying and Selling at Old Republic International

In other Old Republic International news, VP Thomas Dare sold 27,457 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $36.50, for a total transaction of $1,002,180.50. Following the sale, the vice president now owns 46,556 shares of the company’s stock, valued at $1,699,294. The trade was a 37.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Carolyn Monroe sold 9,188 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $36.35, for a total value of $333,983.80. Following the completion of the transaction, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at $1,219,760.60. The trade was a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,039 shares of company stock valued at $1,580,733 over the last three months. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ORI shares. Piper Sandler boosted their price objective on Old Republic International from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. StockNews.com downgraded shares of Old Republic International from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

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.